Oil and gas companies worldwide are taking an axe to their employment rolls, shedding workers to survive what is expected to be a prolonged stretch of weak demand.
The US economy grew at an unrivaled pace in the third quarter as the government poured out more than $3 trillion worth of pandemic relief which fueled consumer spending, but the deep scars from the COVID-19 recession could take a year or more to heal.
There is a high risk the resurgence in coronavirus cases halts the global economic recovery by year-end, according to Reuters polls of around 500 economists, a majority of whom expected the rebound next year to be weaker than previously thought.
In February 1993, five years after taking over from his father at South Korea's Samsung Group, 51-year-old Lee Kun-hee was frustrated that he wasn't making his mark.
Big Tech is bracing for a tumultuous week marked by quarterly results likely to show resilience despite the pandemic, and fresh attacks from lawmakers ahead...
Britain and Japan formally signed a trade agreement Friday, marking Britain's first big post-Brexit deal on trade, as it continues to struggle to agree on a...
British finance minister Rishi Sunak Thursday was forced to offer more financial help to businesses grappling with a resurgence of the COVID-19 pandemic,...
The United States and China dealt with the spread of the devastating coronavirus pandemic in vastly different ways, and that split is reshaping the global...
The Lebanese pound remained stable against the dollar Saturday, trading at around LL6,700 on the black market
The contract signed between the government and Alvarez & Marsal to conduct forensic auditing of Lebanon’s Central Bank does not contradict the banking secrecy...
Gulf OPEC producers the United Arab Emirates and Kuwait, as well as Iraq, are debating whether they should roll over existing oil supply cuts into 2021, as...
Saudi Arabia posted a budget deficit of 40.768 billion riyals ($10.87 billion) in the third quarter this year, the ministry of finance said Wednesday, as oil...
Britain's government borrowing in the first half of the financial year was more than six times higher than before the COVID pandemic, official figures showed...
US Secretary of State Mike Pompeo warned Monday that as the United States and Brazil reinforce their business partnership, they need to reduce their...
Oil producer group OPEC+ will meet Monday to discuss the weakening demand outlook in the face of rising coronavirus infections as well as increased output...
The life of a Wall Street trader was once one of business trips and work dinners, but now it is anything but.
Europe’s economy was just catching its breath from what had been the sharpest recession in modern history.
Global shares fell Thursday as governments across Europe tightened restrictions to battle an accelerating second wave of COVID-19 infections, dampening the...
The EU Tuesday demanded "substantive" movement from Britain on fisheries, dispute settlement and guarantees of fair competition in their post-Brexit trade...
The International Monetary Fund Tuesday said forecasts for the global economy were "somewhat less dire" as wealthy countries and China rebounded more quickly...
Britain's unemployment rate rose by more than expected in the three months to August, before the end of the government's broad coronavirus job-protection plan...
China's imports grew at their fastest pace this year in September, while exports extended strong gains as more trading partners lifted coronavirus...
While good business news has been in short supply, investors may take slight comfort in coming weeks from U.S. corporate earnings that are likely to be bad,...
Apple is expected on Tuesday to unveil a keenly anticipated iPhone 12 line-up starring models tuned to super-fast new 5G telecom networks in an update...
World shares pushed on from one-month highs Friday, with Asian stocks closing in on 2-1/2-year peaks, as growing expectations the Democratic party will win US...
World oil demand will plateau in the late 2030s and could by then have begun to decline, OPEC said Thursday, in a major shift for the producer group that...
New York-based Delta Children, which makes cribs in China for retailers such as Walmart, briefly studied moving production to the United States as supply...
Billionaire wealth reached record high levels amid the COVID-19 pandemic, a report by UBS and PwC found, as a rally in stock prices and gains in technology...
A US House of Representatives panel looking into abuses of market power by four big technology companies found they used "killer acquisitions" to smite...
The slump in demand for crude during the coronavirus pandemic has forced oil companies to contemplate the possibility that the fossil fuel market has peaked...
Wall Street futures climbed in pre-market trading Monday, with investors seemingly unperturbed by US President Donald Trump's hospitalization after announcing...
A victory for Democratic presidential nominee Joe Biden on Nov. 3 would spell the end of the party for the banking industry which has enjoyed more than $40...
As health workers carried out COVID-19 tests in public squares in Washington D.C. in July, work had to be suspended as temperatures in the paved spaces soared...