The United States entered the final month of the year with expectations that promising vaccine candidates will soon be approved to halt the rapidly spreading coronavirus after 4.2 million new cases were reported in November.
Business & Financial News, U.S & International Breaking News
S&P 500, Nasdaq start December at peak on vaccine optimism
The S&P 500 and the Nasdaq hit record highs on Tuesday as hopes that a COVID-19 vaccine will be available soon and better-than-expected factory data from China bolstered bets of a speedy economic recovery.
Airbnb aims for up to $35 billion valuation in long-awaited IPO
Airbnb Inc is aiming for a valuation of nearly $35 billion in what will be the last blockbuster U.S. IPO of the year, marking a stunning recovery in its fortunes after the home rental firm was ravaged by the COVID-19 pandemic earlier this year.
Exclusive: European allies pushed back when Trump sanctioned Iran’s banks
Germany, France and Britain urged the Trump administration in late October to reconsider broad, new sanctions against Iran’s banks, arguing that the move would deter legitimate humanitarian trade and hurt the allies’ common interests, diplomatic correspondence shows.
Ethiopia war may turn into guerrilla insurgency
Ethiopia's nearly month-long war against rebellious northern forces may be transforming into a guerrilla conflict, experts said on Tuesday, even though federal troops declared victory after capturing the Tigrayan regional capital at the weekend.
France to seek EU riposte if U.S. punishes French digital tax
France will immediately seek European Union retaliation if Washington goes ahead in January with planned trade sanctions over a French tax on digital services, French Finance Minister Bruno Le Maire said on Tuesday.
China successfully lands spacecraft on moon to retrieve lunar rocks
China successfully landed a spacecraft on the moon's surface on Tuesday in a historic mission to retrieve lunar surface samples, Chinese state media reported.
Have a news tip?
Reuters provides several ways to securely and confidentially share information and materials with our journalists.LEARN MORE ››