Category: Business

The pace of U.S. auto sales slowed in November, data from analytics firm Wards Intelligence showed on Tuesday, amid a spurt in coronavirus infections. Auto sales in the United States managed to bounce back since hitting a pandemic-fueled bottom in April, leading major automakers to ramp up production and boost weak inventories at dealerships. However, […]

The Organization for Security and Cooperation in Europe, a body that includes Russia and the United States and other former Cold War adversaries, is set to end a months-long impasse over filling its vacant top jobs, the U.S. envoy to the group said. The 57-nation OSCE, best known for its election observation work and its […]

The S&P 500 and Nasdaq Composite indexes closed at record highs on Tuesday, with investors betting a COVID-19 vaccine will be available soon, and more confident about a speedy economic recovery following upbeat Chinese factory data. Investors stayed focused on updates about a handful of vaccine candidates and the start of global shipments as drugmakers […]

The American Fuel & Petrochemical Manufacturers, a top U.S. oil refining industry trade group, will hold its annual conference early next year in-person, one of the first to do so after the coronavirus pandemic sent conferences to virtual meetings. The conference will take place April 11-13 in San Antonio, Texas. The group will implement a […]

Space tourism company Virgin Galactic Holdings Inc said on Tuesday it had set a new test-flight window opening on Dec. 11, after pausing preparations last month due to COVID-19 restrictions imposed by New Mexico. The Richard Branson-founded company said the rocket-powered test flight would also carry payloads for NASA as part of a contract announced […]

Sweden’s VOI Technology has raised $160 million in a funding round led by The Raine Group’s growth equity vehicle to help it fuel expansion, it said on Wednesday. The company was initially hit by lockdowns as the COVID-19 pandemic broke out, but has over the past months seen demand picking up as people avoid trains […]

Canadian cannabis producers are likely to scale back their investments in Europe as they come under pressure to cut costs and deliver profit, two industry consultants said in a report released on Tuesday. Depending on the pace of legalization, the market for European cannabis could grow at a compound annual rate of 52% for the […]