Business

Swedish forestry group SCA said on Wednesday it planned to discontinue production of publication paper at its Ortviken mill in central Sweden, switching to the production of mechanical pulp in a move that would affect hundreds of jobs.

Indian shares gave up most of their early gains on Wednesday, taking cues from broader Asian markets, as they reacted to U.S. data showing consumer confidence in the world's biggest economy had dropped to a sixyear low.

Post receipt of applications, HCL's recruitment team will screen the profiles, and eligible candidates will be provided details of a virtual drive session that will be organised on August 29 and 30.

American Airlines said on Tuesday its workforce will shrink by 40,000, including 19,000 involuntary cuts, in October as the COVID19 pandemic continues to weigh on air travel, unless the government extends aid for airline employee payrolls.

Medtronic said on Tuesday demand for medical devices was improving as elective surgeries picked up pace following the easing of COVID19 restrictions, while posting a 44% decline in firstquarter profit due to the pandemic.

British drugmaker AstraZeneca has begun testing an antibodybased cocktail for the prevention and treatment of COVID19, adding to recent signs of progress on possible medical solutions to the disease caused by the novel coronavirus.

On the technical side, spot gold may test a support at $1,911 per ounce, as suggested by its wave pattern and a projection analysis, said Reuters technical analyst Wang Tao.

Zoom is experiencing partial outages during the first day of school for thousands of students who are relying on the video conferencing technology to connect with educators.

Companies raised the most funds in global equity and debt markets for the month of August in a decade as homebound bankers spend their summer fixing deals off the back of trillions of dollars of stimulus worldwide to fight the coronavirus pandemic.

Delta Air Lines has doubled its staffing to handle revamped preflight "pit stops" for deeper cleaning and wants to ensure that tray tables and restroom door handles are germfree with a new testing process, an executive told Reuters.

Apple cofounder Steve Jobs, who died in 2011, was a tough act to follow. But Tim Cook seems to be doing so well at it that his eventual successor may also have big shoes to fill.

State oil giant Saudi Aramco said on Sunday it was setting up a new corporate development organisation to oversee the company's assets and secure greater access to growth markets and technologies.

In a video excerpt, Trump initially told interviewer Steve Hilton “we don’t have to” do business with China, and then later said about decoupling: “Well it’s something that if they don’t treat us right I would certainly, I would certainly do that.”

Turkey expects its energy imports to fall significantly following a major Black Sea natural gas find and more discoveries could be made in another area now being evaluated, Energy Minister Fatih Donmez said on Saturday.

More than half the companies in Spain which closed at the height of the coronavirus pandemic have reopened, according to government data released on Saturday, suggesting the economy is recovering slowly.

Dream11, which has investment from Chinese company Tencent Global, is the title sponsor of the Indian Premier League (IPL) and associate sponsor for five teams, the Confederation of All India Traders (CAIT) said in a statement.