EU assessing supervisors' responsibilities over Wirecard scandal: Dombrovskis

The European Commission has asked the bloc's market regulator to assess the responsibilities of financial supervisors in the scandal that led to the collapse of German fintech firm Wirecard, the EU executive's vice-president said on Friday.

Oil falls on resurgence of virus cases, oversupply

Oil prices dropped on Friday and were headed for weekly declines as inventories rose and record-breaking new coronavirus cases in the United States stoked concern about the pace of economic recovery and fuel demand.

Exclusive: Google can ward off EU antitrust probe into Fitbit deal with data pledge

Google may be able to stave off a full-scale EU antitrust investigation into its planned $2.1 billion bid for Fitbit by pledging not to use Fitbit's health data to help it target ads, people familiar with the matter said.

Pandemic-proofing: Insurance may never be the same again

Insurers are creating products for a world where virus outbreaks could become the new normal after many businesses were left out in the cold during the COVID-19 crisis.

Uber agrees to pay $3.8 million Denmark fine over taxi law: police

Uber has agreed to pay a 25 million Danish crowns ($3.8 million) fine in Denmark, settling claims of breaching local taxi law out of court, Danish police said on Friday.

Italy's Armani returned to sales growth in 2019

Sales at Italian fashion group Giorgio Armani returned to growth in 2019, a year in advance of its target, after a three-year planned fall from streamlining its distribution and brand portfolio under just three labels.

Futures recede as COVID-19 case tally hits another record

U.S. stock index futures slipped on Friday as a record increase in coronavirus cases raised fears of another hit to Corporate America with several states delaying the easing of business restrictions.

Exclusive: Japan may still build Aegis Ashore despite reports of cancellation, source says

Japan may still build Aegis Ashore missile defense systems to defend against attacks by North Korea and other regional rivals, including China, a source told Reuters just weeks after reports that the proposal had been killed.

Tech giant Tencent makes peace with China's 'old godmother'

Chinese tech giant Tencent said it has made peace with the country's best-known chilli oil maker Lao Gan Ma, after an advertising scam that bewildered many and generated a public relations nightmare.

Honda invests in China's CATL to jointly develop EV batteries

Japan's Honda Motor Co Ltd will buy a 1% stake in Chinese electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) and the two will jointly develop EV batteries, the companies said on Friday.

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