Business

ExxonMobil and Total are in negotiations over their massive LNG projects in Mozambique, with each seeking to extract more gas from a shared field that straddles the two developments and cut costs, three sources familiar with the matter told Reuters.

The Canadian police supervisor in Huawei Chief Financial Officer Meng Wanzhou's arrest two years ago denied on Wednesday that police directed border authorities to hide from Meng that she was the target of an arrest warrant while they questioned her.

Cloudbased software company Salesforce.com Inc is in talks to acquire workplace messaging app Slack Technologies Inc as it seeks to expand its offerings to businesses, people familiar with the matter said on Wednesday.

German media group Bertelsmann said on Wednesday it would purchase publisher Simon & Schuster for $2.175 billion in cash from ViacomCBS, strengthening its presence in the United States, its secondlargest market.

The number of Americans applying for unemployment benefits rose last week to 778,000, evidence that the U.S. economy and job market remain under strain as coronavirus cases surge and colder weather heighten the risks.

Gold fell on Wednesday as the formal start of Joe Biden's transition to the White House and optimism over coronavirus vaccines dented bullion's safehaven appeal.

Gap Inc fell short of Wall Street estimates for quarterly profit on Tuesday as a pivot to online sales fueled a surge in marketing and shipping costs, sending the apparel retailer's shares down about 11% in extended trading.

U.S. consumer confidence fell to a reading of 96.1 in November as rising coronavirus cases pushed American optimism down to the lowest level since August.

Airlines are on course to lose a total $157 billion this year and next, their main global body warned on Tuesday, further downgrading its industry outlook in response to a second wave of coronavirus infections and shutdowns afflicting major markets.

The U.S. Centers for Disease Control and Prevention advises that with the rapidly increasing number of coronavirus cases, the safest way to celebrate Thanksgiving is to postpone travel and celebrate with the people who live at home with you.

French food group Danone plans to cut up to 2,000 jobs, trim product ranges and reorganise its global business to become leaner and more agile in a postCOVID environment.

A look at some of the key business events and economic indicators upcoming this week:

Rebecca Steele is the president and CEO of the National Foundation for Credit Counseling, the largest nonprofit financial counseling organization in the U.S.

The first leg of the 620-km-long Kochi-Bengaluru gas pipeline begins from Kuttanad in Palakkad and extends up to Valayar, which is on the Kerala-Tamil Nadu border. The work on this 95-km line is progressing at a frenetic pace, the official said.

As per the latest information available on the RBI's twitter handle '@RBI', the number of followers has increased from 9.66 lakh on September 27, 2020 to one million or 10 lakh.

Group of 20 major economies should work to provide trillions of dollars in trade financing for developing countries to ensure the recovery of the global economy from the COVID19 pandemic, a top official with the World Trade Organization said on Saturday.