Houston tech mogul Robert Brockman charged in record U.S. tax evasion scheme

Houston technology executive Robert Brockman has been charged in the biggest tax evasion case in U.S. history after fellow billionaire Robert Smith turned against him to avoid prosecution himself, the Justice Department said on Thursday.

Exclusive: U.S. offers tariff truce if Airbus repays billions in aid, sources say

The United States has offered to settle a long-running aircraft subsidy dispute with the European Union and remove tariffs on wine, whisky and other products if Airbus repays billions of dollars in aid to European governments, several sources close to the matter told Reuters.

Unsuited to new era? Fate of formal fashion hangs by a thread

Italian luxury designer Brunello Cucinelli makes men's suits that sell for up to 7,000 euros ($8,200). But even he - like most people across the globe - hasn't worn a suit for months, let alone bought one.

Trump administration sets Gulf of Mexico drilling auction for Nov. 18

The Trump administration on Thursday said it would offer all available areas in the Gulf of Mexico for auction to oil and gas drillers on Nov. 18, the first major test of the offshore sector's appetite for investment since early this year.

Oil eases as new lockdowns raise concern about fuel demand

Oil prices eased on Thursday as new restrictions to stem a surge in COVID-19 infections dimmed the outlook for economic growth and fuel demand.

Wall Street drops as investors face stimulus impasse

U.S. stocks dropped on Thursday as a rise in weekly jobless claims compounded worries about a stalling economic recovery and fading hopes for more fiscal aid before the election.

Virus, stimulus angst hit world stocks as safe U.S. dollar shines

Global shares dropped on Thursday as investors shied from risk and sought safe-havens such as the U.S. dollar on fears that a resurgence in coronavirus cases and a lack of more U.S. fiscal stimulus would hobble the world economy.

IMF's Georgieva says U.S., China need to keep up coronavirus stimulus

The United States and China needed to keep up strong stimulus to help speed the global economy's recovery from the novel coronavirus pandemic, International Monetary Fund Managing Director Kristalina Georgieva said on Thursday.

France's Renault draws down part of state-backed loan

French carmaker Renault has drawn down part of a 5 billion-euro ($5.85 billion) loan guaranteed by the French government, put in place earlier this year to shore up its finances during the coronavirus crisis, its chairman said.

Fiat Chrysler to invest up to $1.5 billion to build EVs at Canadian plant

Fiat Chrysler Automobiles NV will invest between $1.35 billion and $1.5 billion in its Windsor assembly plant in Canada to build electric vehicles as part of a tentative deal with Canadian autoworkers, Unifor National President Jerry Dias said on Thursday.

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