Business

Stateowned Bank of China (BoC) has been fined 50.5 million yuan ($7.73 million) over irregularities in a lossmaking product linked to crude oil, the banking regulator said on Saturday.

Prominent artificial intelligence scholar Timnit Gebru helped improve Google's public image as a company that elevates Black computer scientists and questions harmful uses of AI technology.

British and EU negotiators paused trade talks on Friday to call in their leaders to try to narrow gaps and get an agreement over the line, less than four weeks before Britain completes its Brexit journey out of the bloc.

European Union officials said on Friday a postBrexit trade deal could finally be clinched this weekend, but London insisted that negotiations were still "very difficult" and it was determined to "take back control" from the bloc it left 10 months ago.

Britain's construction industry grew faster than expected last month, boosted by the strongest orders since 2014 amid a boom in house prices, a survey showed on Friday.

The real GDP growth for 2021 is projected at minus 7.5%. The recovery in rural demand is expected to strengthen further while urban demand is also gaining momentum, said RBI Governor Shaktikanta Das, following which Sensex hit 45,000 for the first time.

Workers at an Amazon warehouse in Alabama are seeking to form a union, setting up a potential battle in the Deep South with a company that has opposed unionization efforts.

The European Union and Britain talked into late on Thursday to try to secure a Brexit trade deal, with an EU official saying an agreement was closer than ever but a UK government source warning chances for a breakthrough were receding.

Environmentalists seeking to drive down emissions produced by energy giant Royal Dutch Shell told a Dutch court on Thursday the Netherlands was the right place to hear their case.

Dollar General Corp reported betterthanexpected quarterly results on Thursday, as the discount retailer benefited from higher demand for cheaper groceries and household items during the coronavirusinduced economic downturn.

Norwegian Air proposed on Thursday to convert debt to equity, offload planes and sell new shares in an attempt to survive the COVID19 pandemic, which has brought the company to its knees.

Retail sales rose 5.1% in November, as spending on home furnishings and consumer electronics helped offset a drop in sales of clothing and at department stores, a widely watched industry gauge shows.

SAS is preparing for losses in 2021, although the rollout of COVID19 vaccines should provide some relief in the second half, its chief executive said after an air travel slump tipped the Scandinavian airline to a record $1.2 billion annual loss.

Burger King has set aside up to 75 per cent of the issue for QIB and 15 per cent for Non-Institutional Investors (NIIs). It has reserved 10 per cent of the shares for retail investors. The company has fixed a price band of Rs 59-60 per share.

Stocks closed with modest gains Wednesday, nudging the S&P 500 index to an all-time high for the second day in a row.

Indian Oil Corporation Ltd, the nation's biggest oil firm, bagged the second spot, followed by Oil and Natural Gas Corporation (ONGC) at the third, Fortune India said. The country's largest lender State Bank of India was in the fourth position, while Indi...