Business

Foreigners opening a company in the United Arab Emirates no longer need an Emirati shareholder or agent under changes to UAE company law, state news agency WAM reported on Monday.

French food group Danone laid out plans on Monday for becoming a more efficient organisation in a postCOVID world, including by cutting costs, trimming product ranges and reorganising its business.

In remote northern Michigan a propane shortage in early 2014 caused prices to nearly double, squeezing about half of the families there who rely on the fossil fuel to heat their homes.

Millions of Americans bought tickets to fly somewhere for Thanksgiving before the nation's top public health agency pleaded with them not to travel for the holiday.

China will show "zero tolerance" for misconduct following a recent string of bond defaults, a meeting of the Financial Stability and Development Committee chaired by vice premier Liu He said.

Stock prices and bond yields fell in relatively light trading on Friday as investors reacted to dwindling aid for the U.S. economy and rising coronavirus infection rates.

Gland Pharma on November 9 launched its initial public offer (IPO) for subscription. On its closing day on November 11, the IPO was subscribed two times.

A day after Boeing Co received approval for its 737 MAX to fly again following a 20month grounding, its two largest U.S. and European customers signaled caution on their order books as they monitor demand in the midst of the coronavirus pandemic.

Britain is on course for a doubledip recession as renewed lockdown measures to try and quell a second wave of the coronavirus pandemic deliver another hammer blow to economic activity, a Reuters poll found.

Business events and economic reports scheduled for the coming week.

United Airlines warned Thursday that bookings have slowed and cancellations have increased as the number of coronavirus infections spikes across the country.

RBI board member Manish Sabharwal said the move indicates that the RBI is innovating. He also said the country cannot have high non-performing assets (NPAs) for a longer period as they impact credit-to-GDP ratio.

Oil futures dipped on Thursday as a surge in coronavirus cases and tighter economic restrictions around the globe weighed on fuel demand expectations, also dragging down equities globally.

Further, Pfizer and BioNTech said they have concluded phase 3 study of their mRNA-based COVID-19 vaccine candidate BNT162b2, meeting all primary efficacy endpoints.

Shares in the firm, controlled by billionaire Gautam Adani, have soared three-fold since the signing of the 8 gigawatt (GW) multi-plant deal, which Adani hailed as the "largest of its type, ever" and a landmark for India.

Shares of Tesla surged 10% to end near a record high on Wednesday, extending a two day rally after it was announced the electric car maker will join the S&P 500.