Category: Business

Oil prices rebounded on Tuesday, supported by robust economic data from China that offset returning supply in other regions but gains were capped by forecasts for a slow recovery in global oil demand as coronavirus cases rise. Brent crude futures LCOc1 ended up 73 cents, or 1.8%, to $42.45 a barrel while U.S. West Texas […]

Apple Inc’s live stream of its iPhone launch event was canceled by Chinese online video platforms, including that of Tencent Holdings Ltd and Bilibili Inc, without any explanation.

Johnson & Johnson JNJ.N said on Tuesday it will contribute up to $1 billion more to a potential settlement of lawsuits alleging it and other companies fueled the U.S. opioid epidemic, bringing its total payment to $5 billion. The New Brunswick, New Jersey-based drugmaker had agreed last October to a $4 billion settlement framework negotiated […]

The European Union on Tuesday won the right to impose tariffs on $4 billion of U.S. goods in retaliation against subsidies for planemaker Boeing BA.N – deepening a record trade spat that has already prompted Washington to slap duties on EU imports. The World Trade Organization tariff award, which confirms a decision, threatens to intensify […]

Florida is one of the five best states in the nation in which to do business, according to a new survey. It’s also one of the five worst, according to the same survey, thanks to COVID-19. Every three years, Development Counsellors International, an economic development marketing firm, surveys executives to rank business climates in the […]

The World Trade Organization on Tuesday gave the European Union permission to impose tariffs on $4 billion of U.S. goods, but Washington said there was no legal basis to do since a state tax break for Boeing Co BA.N had been repealed. Washington and Brussels traded terse statements in the latest twist in an epic […]

U.S. consumers on balance paid only a little bit more for goods and services last month as supply chain disruptions that contributed to a bump up in inflation over the summer began to ease, a welcome respite for the millions who remain unemployed. While that easing pressure on pinched consumers might offer a benefit to […]