Business

Spotify and the makers of Fortnite and Tinder are taking on Apple and Google as part of a newly formed coalition calling for fair treatment in the way the tech giant runs its app store.

Global shares were lower Thursday as caution set in after a retreat on Wall Street driven by a decline in technology shares.

Russia's sovereign wealth fund and its partner Chemrar will supply the COVID19 drug Avifavir to 17 additional countries, the fund said in a statement on Thursday.

Gold fell on Thursday to its lowest level in more than two months, crippled by a robust dollar, while investors fretted over uncertainties surrounding further stimulus measures to support a sluggish economic recovery in the United States.

The coronavirus crisis is lasting longer than expected and it will take some countries years to return to growth, the No. 2 official at the International Monetary Fund said on Wednesday.

Tyler Technologies , whose products are used by U.S. states and counties to share election data, said on Wednesday that an unknown party had hacked its internal systems.

Germany's Volkswagen will pay about 36 million reais (£5.1 million) in compensation and donations to atone for the persecution of former employees during Brazil's 19641985 military dictatorship, the carmaker said on Wednesday.

Technology companies dragged U.S. stocks sharply lower Wednesday as Wall Street's tumultuous month continues to churn.

Gold prices hit a sixweek low on Wednesday as the dollar strengthened on concerns about rising coronavirus cases in Europe, while doubts emerged over further stimulus from the U.S. Federal Reserve.

Euro zone business growth ground to a halt this month as the service industry slammed into reverse, knocked by a resurgence in coronavirus cases that pushed governments to reintroduce restrictions and citizens to stay at home, a survey showed.

Gold prices touched a sixweek low on Wednesday, as the dollar strengthened with the coronavirus crisis rattling sentiment in Europe, while investors grew wary of further stimulus from the U.S. Federal Reserve.

Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin expressed cautious optimism Tuesday that the U.S. economy is rebounding from the pandemicinduced recession with federal support but that more help from the government is likely n...

Deutsche Bank plans to shutter one in five branches in Germany as it seeks to save costs and capitalise on the changing habits of customers during the coronavirus pandemic, an executive said.

The former chairman of a Chinese stateowned real estate company who publicly criticized President Xi Jinpings handling of the coronavirus pandemic was sentenced to 18 years in prison on Tuesday in a corruption case, the government announced.

Advocates of legislation to beef up the U.S. fight against money laundering made a fresh push on Monday to get Congress to act, after new revelations that some leading global banks have been processing payments linked to alleged illicit funds.

New York, Sep 21 (AP) Stocks are falling sharply on Wall Street Monday, joining a global tumble for markets as the S&P 500 sinks more than 2%. Losses began in Asia as soon as trading opened for the week, and they accelerated in Europe on worries about t...