Business

Israeli billionaire Beny Steinmetz will appear in a Geneva court next month to defend himself against corruption and forgery charges in connection with mining contracts in Guinea, his lawyer told Reuters.

Ivory Coast will lift a suspension imposed this week on cocoa sustainability schemes run by Hershey after the U.S.based chocolate maker committed to paying a premium aimed at combating poverty among farmers.

Glencore boss Ivan Glasenberg is to step down next year and Gary Nagle, head of coal assets at the mining and trading group, will become the new CEO.

New orders for U.S.made goods increased more than expected in October and business investment on capital was a bit stronger than initially thought as the manufacturing sector continues its steady recovery from the pandemic.

A European Union plan to label polluting activities as "unsustainable" is facing resistance from some leading finance firms, amid concerns it could prevent investment getting to companies trying to clean up their act.

A Czech government advisory body has agreed to a proposal for the country to phase out coal as an energy source by 2038, a plan that environmental groups say isnt ambitious enough.

An explosion rocked South Africa's secondlargest crude oil refinery in Durban on Friday injuring seven people, local emergency services said.

U.S. meatpacker Smithfield Foods has offered to help health officials distribute COVID19 vaccines and store them in ultracold freezers that are in high demand to support a vaccination campaign, the company's chief administrative officer said on Thursday.

Corporate earnings are likely to end this year with a fourth-straight quarterly decline, but a profit rebound may be appearing on the horizon, analysts say.

A high risk of fires due to weather conditions in California prompted Sempra Energy's San Diego Gas & Electric (SDG&E) and Edison International's Southern California Edison to shut off power supply to close to 100,000 customers on Thursday.

European Union negotiators have moved to "within millimetres" of the limits of their negotiating mandate at Brexit trade talks so it is up to London to compromise if a deal is to be reached, an EU diplomat said on Thursday.

American Airlines' maintenance team is scrambling to complete safety changes to its fleet of Boeing 737 MAX jets ahead of a phased return to service, while deliveries of new jets are set to begin as early as this week.

A yearlong spat between activist funds and a small real estate investment trust (REIT) over a merger is nearing a climax in Singapore, a battle that could embolden more investor dissent in a sleepy market dominated by retail shareholders.

South Korean drugmaker Daewoong Pharma said on Thursday it had sought regulatory approval for Phase II trials of its antiparasite niclosamide drug to treat COVID19 patients, sending its shares up nearly 6%.

Royal Bank of Canada warned on Wednesday that mortgage growth, trading and underwriting activity could slow, while loan delinquencies and impairments rise in fiscal 2021, after posting a betterthanexpected profit in the fourth quarter of 2020.

The COVID-19 pandemic initially slowed car sales, but now many new-car buyers are making more expensive purchases than ever before, according to sales data from Edmunds.