 | | | | Italian bank UniCredit on Tuesday named economist Pier Carlo Padoan as director and said it would appoint the former Treasury chief as chairman when it renews the board next spring. | | | | | | U.S. drugmaker Eli Lilly and Co said on Tuesday that the government-sponsored clinical trial of its COVID-19 antibody treatment similar to one taken by U.S. President Donald Trump has been paused because of a safety concern. | | | | | | Citigroup Inc's outgoing chief executive came under fire on Tuesday for mistakes that have led to regulatory penalties, with analysts questioning his pay and why he is not leaving immediately in a conference call to discuss quarterly results. | | | | | | The dollar rose from a three-week low on Tuesday while U.S. and European shares eased, as news of pauses in trials of a COVID-19 vaccine and a treatment led investors to take stock of recent rallies before chasing further gains. | | | | | | A California appeals court on Tuesday listened to arguments by lawyers for Uber Technologies Inc, Lyft Inc and the state of California about whether the state can recognize their drivers as employees with the right to minimum wage, overtime pay, health insurance and unemployment insurance. | | | | | | Apple Inc on Tuesday launched its next-generation iPhone 12, with faster 5G connectivity that the Cupertino, California company hopes will spur a wave of upgrades and keep its sales booming through the end of the year. | | | | | | Wall Street lost ground on Tuesday, with halted COVID-19 vaccine trials and an elusive U.S. stimulus agreement weighing on sentiment as third quarter earnings season got underway. | | | | | | Walt Disney Co's revamp of its media and entertainment businesses represents Hollywood's latest move to prioritize streaming media, raising questions about how much big media companies will continue to support movie theaters. | | | | | | The G20 group of major economies is ready to extend a multi-billion dollar debt freeze for the world's poorest countries to help them survive the coronavirus pandemic, and will adopt a common approach to dealing with longer-term debt restructurings. | | | | | | The G20 group of rich nations and big emerging powers will extend their Debt Service Suspension Initiative (DSSI) until the middle of next year, a draft communique showed on Tuesday, to help the world's poorest countries cope with the fallout of the COVID-19 crisis. | | | | | |
