Oil prices rose more than 2% on Thursday on a weaker dollar and expectations that a crude glut would be short-lived due to a steep fall in U.S. fuel stocks and a resumption of operations by Texas refiners.
Autogrill's chief executive said on Thursday he was upbeat about its long-term prospects although the Italian caterer booked a 480 million euro loss last year when the pandemic emptied bars and restaurants it runs in airports and motorways.
President Joe Biden signed his $1.9 trillion stimulus bill into law on Thursday, commemorating the one-year anniversary of a U.S. lockdown over the coronavirus pandemic with a measure designed to bring relief to Americans and boost the economy.
Direct deposits from the $1.9 trillion COVID-19 relief legislation signed into law by President Joe Biden on Thursday will come as early as this weekend, White House press secretary Jen Psaki said.
The S&P 500 and the Dow hit all-time highs on Thursday as worries about rising inflation subsided, while a bigger-than-expected fall in weekly jobless claims and the signing of a massive stimulus bill reinforced expectations of a strong recovery.
French carmaker Renault said on Thursday it would sell all of its 1.54% stake in Germany's Daimler in order to speed up de-leveraging of its automotive business.
The number of Americans filing new claims for jobless benefits dropped to a four-month low last week as an improving public health environment allows more segments of the economy to reopen, putting the labor market recovery back on track.
On a chilly spring morning in 2019, Amrit Mula arrived in her office at pharmaceutical giant Eli Lilly and Co's factory in Branchburg, New Jersey, to find a desk drawer open that she had kept locked. Her files were missing.
Unions in Italy said on Thursday they had called on workers at Amazon's logistics operations in the country to go on a 24-hour strike on March 22 after talks with a business lobby group over working conditions of delivery service suppliers broke down.
Italian infrastructure group Atlantia on Thursday said it swung to a net loss of 1.18 billion euros ($1.41 billion) last year as the negative impact of the coronavirus crisis added up to the consequences of the 2018 Genoa deadly bridge collapse.
Health authorities in Denmark, Norway and Iceland suspended the use of AstraZeneca's COVID-19 vaccine following reports of the formation of blood clots in some people who had been vaccinated.
The U.S. maker of jets and turbines is splitting off $34 bln of aircraft leasing assets, merging them with Ireland’s AerCap as part of its bid to slim down. The catches are that GE will take a loss and that it’s far from a clean break. John Foley explains.
AMC Entertainment said the rollout of COVID-19 vaccines and the release of major movies including Disney’s “Black Widow” would boost sales this year. Fred Katayama reports.
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