Business

Short-term home rental company Airbnb Inc's quarterly revenue plunged 67% as fewer people traveled due to the COVID-19 pandemic, but its plans for a stock market debut before year's end are still on, Bloomberg reported, citing people familiar with the matter.

Facebook Inc and Snapchat owner Snap Inc held talks to buy Dubsmash, the Information reported on Wednesday, putting a spotlight on pop video apps at a time when Microsoft Corp is trying to workout a deal to buy rival TikTok.

President Donald Trump accused congressional Democrats on Wednesday of not wanting to negotiate over a U.S. coronavirus aid package because he was refusing to go along with "ridiculous" spending requests unrelated to the pandemic.

The U.S. government on Wednesday said it would maintain 15% tariffs on Airbus aircraft and 25% tariffs on other European goods, despite moves by the European Union to resolve a 16-year-old dispute over aircraft subsidies.

Crude oil prices eased slightly on Thursday but held most of their gains from the previous session after U.S. government data showed a fall in inventories, supporting the view that fuel demand is returning despite the coronavirus pandemic.

The U.S. Department of the Treasury's internal watchdog said on Wednesday it is including a group of airport contractors in its audit of a coronavirus stimulus program aimed at aiding the aviation sector, after lawmakers pressed the agency to halt their funding.