Business & Financial News, U.S & International Breaking News

China said on Wednesday it wanted to cooperate with President Joe Biden's new U.S. administration, while announcing sanctions against "lying and cheating" outgoing Secretary of State Mike Pompeo and 27 other top officials under Donald Trump.

Daimler AG's Mercedes-Benz on Wednesday unveiled the EQA, a new electric compact SUV as part of plans to take on rival Tesla Inc and offer more emission-free vehicles to consumers to meet targets in Europe and China.

At least three people died and six were injured on Wednesday when a building in central Madrid belonging to the Catholic Church was blown apart by an explosion, local authorities said.

U.S. President Joe Biden's move to scrap the Keystone XL oil pipeline, while a blow to Canada's energy sector, is a blessing in disguise for Prime Minister Justin Trudeau, who is eager to embrace the new administration, two sources familiar with the matter said.

Morgan Stanley boosted both its short and long-term operating targets on Wednesday after coronavirus-induced volatility in financial markets helped the Wall Street bank post a quarterly profit that sailed past estimates.

The first cannabis farm has been found in London's historic financial district, where office buildings have been emptied because of lockdowns to contain the spread of COVID-19, British police said on Wednesday.