The White House is preparing a COVID-19 relief package of $1.8 trillion to offer lawmakers as negotiations resume on helping blunt economic pain caused by the deadly coronavirus pandemic, the Wall Street Journal reported on Friday, citing people familiar with the discussions.
More than 130 countries have agreed on a blueprint to introduce global rules on corporate taxation to be discussed by G20 finance ministers next week, German Finance Minister Olaf Scholz said on Friday.
China's cabinet said the country still faces great pressure on employment and supportive policies will continue, state broadcaster CCTV reported.
Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
Domestic tourism in China saw a robust rebound over the just-ended Golden Week holiday, encouraged by the country's success in stamping out the novel coronavirus, although levels were still well short of last year.
Amazon.com Inc has invested 7 billion rupees ($95.51 million) in its Indian payments unit, ahead of the festive season, data from business intelligence firm Tofler showed.
Indonesia has added eight more technology companies, including Alibaba Cloud (Singapore) Pte Ltd and Microsoft Corp, to a list of businesses that must pay a 10% value-added tax (VAT) on sales.
U.S. President Donald Trump wants a "skinny" coronavirus relief bill that includes elements such as direct payments and a bailout to the struggling airline sector, White House spokeswoman Alyssa Farah told reporters on Thursday.
Three journalists were hurt by Azeri shelling in the town of Shushi in Nagorno-Karabakh on Thursday and one of them has been hospitalised in a serious condition, authorities in the region said.
Hyundai Motor Co will voluntarily recall its Kona electric vehicles as a possible short circuit due to what may be faulty manufacturing of its high-voltage battery cells could pose a fire risk, South Korea's transport ministry said on Thursday.
Dick's Sporting Goods said on Thursday it will hire up to 9,000 workers to cover the holiday season in its stores, 1,000 more than last year, expecting a jump in online orders amid the coronavirus pandemic.
Russia has not opened its own criminal investigation into wanted Belarusian opposition leader Sviatlana Tsikhanouskaya, the interior ministry in Moscow said on Thursday.
Britain should protect its food standards in law to help its own producers and prevent poor quality goods from entering the country via new trade deals after Brexit, opposition leader Keir Starmer said on Thursday.
The British competition regulator has asked to review the merger between Liberty Global's Virgin Media and Telefonica's O2 instead of Brussels because any impact on consumers will be felt in the UK and after Brexit.
(This Oct 7 story corrects valuation figure to $5.71 billion, not $10.18 billion, in paragraph 3)
Austria has recorded 1,209 new coronavirus cases in the past 24 hours, clearly surpassing the previous record set in March during the first wave of infections, data sent by the Interior Ministry showed on Thursday.
Austria's daily number of confirmed coronavirus cases has surpassed the record set in March when the initial wave of infections was at its peak, newspaper Kronen Zeitung reported on Thursday.
Luxury fashion and auto brands in Thailand have turned to selling their products on Japanese chat app Line amid the coronavirus pandemic, tapping the country's growing appetite for social commerce, a top executive said on Thursday.
India's Future Retail Ltd shares fell 9% on Thursday after Amazon.com Inc sent a legal notice to Future Group, alleging the retailer's $3.38 billion asset sale to Reliance Industries breached an agreement with the e-commerce giant.
British Prime Minister Boris Johnson's government is considering additional local COVID-19 restrictions for parts of northern England as the second wave of the novel coronavirus accelerates, Housing Secretary Robert Jenrick said on Thursday.
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, but not as bad as they have been.