 | | | | Oil prices tumbled over 5%, or more than $2 a barrel on Wednesday, after U.S. crude storage hit another record and coronavirus cases rebounded in countries like Germany and surged in heavily populated areas of the United States. | | | | | | The dollar strengthened on Wednesday as a rise in coronavirus cases in the United States reduced confidence in a quick economic recovery, and as the U.S. weighed tariffs on European products. | | | | | | California plans to ask a state court judge to force Uber Technologies Inc and Lyft Inc to classify their ride-hail drivers as employees rather than contractors, ratcheting up the tension over a new gig worker law. | | | | | | The Trump administration has determined that top Chinese firms, including telecoms equipment giant Huawei Technologies [HWT.UL] and video surveillance company Hikvision , are owned or controlled by the Chinese military, laying the groundwork for new U.S. financial sanctions, according to a document seen by Reuters on Wednesday. | | | | | | Bayer AG, after more than a year of talks, agreed to pay as much as $10.9 billion to settle thousands of U.S. lawsuits claiming that its widely-used weedkiller Roundup caused cancer, resolving litigation that has pummeled the company's share price. | | | | | | Lufthansa has drawn up a plan to avoid insolvency should a shareholder vote on Thursday fail to approve a $10 billion government bailout, a company source told Reuters on Wednesday. | | | | | | Lufthansa's chances of winning approval for a 9 billion euros government bailout improved on Wednesday after billionaire Heinz Hermann Thiele, who owns a 15.5% stake, told Frankfurter Allgemeine Zeitung he would endorse the rescue. | | | | | | Apple Inc is set to shut seven of its retail locations in Houston, Texas again due to an increase in the number of novel coronavirus cases in the United States, the company said Wednesday. | | | | | | The Federal Aviation Administration (FAA) on Wednesday finalized a directive requiring airlines to complete inspections of a key component of Boeing 737 MAX airplanes that, if faulty, could result in a loss of power to the engines. | | | | | | U.S. stocks fell sharply on Wednesday as a surge in coronavirus cases in the United States re-ignited fears of a new round of government lockdowns, compounding worsening forecasts of the economic damage from the pandemic further. | | | | | |
