 | | | | The Nasdaq closed up 2% on Wednesday as investors switched back to technology stocks and away from economically sensitive sectors as they weighed COVID-19 vaccine progress against a virus surge and likely timing for a economic rebound. | | | | | | Bank of England Chief Economist Andy Haldane has signed up to judge the winner of a 'war game' designed to help firms find alternatives to mass layoffs in the face of a coronavirus-driven slowdown. | | | | | | Tech pushed the Nasdaq to close sharply higher and oil prices extended their rally on Wednesday, as hopes of potential COVID-19 were tempered by spiking coronavirus infections and the looming threat of a new round of lockdowns. | | | | | | German luxury automaker BMW AG unveiled on Wednesday an electric sport utility vehicle (SUV) called the BMW iX, planned to go on sale in the United States in early 2022 to compete with Tesla Inc and other rivals. | | | | | | The head of the Berlin engine plant run by Mercedes-Benz has defected to rival Tesla, German union IG Metall said on Wednesday, calling on employees to protest over his departure. | | | | | | (This November 10 story corrects to add word 'deputy' in paragraph 6) | | | | | | German airline Lufthansa said on Wednesday it had reached a new deal with trade union Verdi to cut 200 million euros ($235 million) in costs in return for making no compulsory redundancies in 2021. | | | | | | A federal judge in California late on Tuesday dismissed some of Apple Inc's counterclaims against Epic Games, Bloomberg News reported, narrowing the scope of a dispute that has seen the online game maker's "Fortnite" game removed from the iPhone maker's App Store. | | | | | | Alibaba sales for its post-COVID-19 Singles' Day shopping extravaganza hit $74 billion, a haul that was overshadowed by a 10% drop in its shares on Wednesday after China published draft anti-trust rules aimed at internet platforms. | | | | | | President-elect Joe Biden is likely to start his term faced with the worst public health crisis in decades and an economy still reeling from a sharp coronavirus-led contraction earlier this year. | | | | | |
