Business

Investors are gauging how far a rally in beaten-down energy shares could run, as an expected recovery for the coronavirus-hit economy clashes with skepticism about the long-term prospects of fossil fuels.

An EU official likened the current state of Brexit negotiations to a marathon where runners are "past kilometre 40" of the just over 42-km race. But four weeks before the transition period expires, a no-deal outcome is clearly a risk.

Chinese e-commerce company JD.com Inc said on Saturday it has become the country's first virtual platform to accept Beijing's homegrown digital currency.

Ivory Coast will lift a suspension imposed this week on cocoa sustainability schemes run by Hershey after the U.S.-based chocolate maker committed to paying a premium aimed at combating poverty among farmers.

The U.S. economy added the fewest workers in six months in November, hindered by a resurgence in new COVID-19 cases that, together with a lack of more government relief money, threatens to reverse the recovery from the pandemic recession.

United Airlines Holdings Inc said on Friday it was seeking shareholder approval for a rights offering as part of a plan to thwart any hostile takeover moves and preserve a $8.2 billion tax benefit.