Business news in the world

Business news in the worldBusiness news in the world.

Timothy Kane, CEO of Goodway Technologies Corp, has never been so popular. Making machines that spray disinfectant, once a niche business, is now an essential service – and the phone is ringing off the hook.

UK insurer Aviva appoints Blanc as CEO, strategy shake-up seen.

Aviva named independent director and former Zurich Insurance executive Amanda Blanc as its new chief executive on Monday who immediately signalled a potential strategy overhaul, sending the British insurer’s shares up.

World shares rally to four-week highs as investors bet on China revival.

Global stock markets rallied to four-week highs on Monday as investors counted on a revival in Chinese activity to boost global growth, even as surging coronavirus cases delayed business re-openings across the United States.

Big Four told to ring fence auditing in Britain by June 2024.

PwC, Deloitte, KPMG and EY should ring fence auditing in Britain as a separate business by June 2024, their regulator said on Monday in one of the most sweeping changes to the sector globally to improve audit quality.

Lloyds Bank CEO António Horta-Osório to leave next year.

Lloyds Banking Group Chief Executive António Horta-Osório said on Monday he would step down next year after nearly a decade at the helm of Britain’s biggest domestic bank.

China rally triggers gains in European cyclical stocks.

European shares headed towards a one-month high on Monday, with a rally in China’s markets setting an upbeat tone as investors banked on the world’s second biggest economy to lead a recovery from the coronavirus-induced slump.

UK new car sales post smaller slump in June.

British new car registrations fell by an annual 35% in June, the smallest drop since February, as many dealerships reopened after coronavirus lockdown measures were lifted.

Oil up on tighter supply, expectations for positive data.

Oil prices rose on Monday, supported by tighter supplies and a string of data expected to show economic recovery across the globe and despite a spike in coronavirus cases in the United States and other countries.

UK decision on Huawei not set in stone, British minister says.

Britain’s decision to allow China’s Huawei to play a limited role in building its 5G network is not “fixed in stone” and is being reviewed following the imposition of U.S. sanctions, culture minister Oliver Dowden said on Monday.

Asia’s equity valuations hit 10-1/2-year high in June.

The valuation of Asian shares surged to a 10-1/2-year high in June, tracking a rally in global stocks, as upbeat U.S. and China data renewed hopes of a swift economic recovery, offsetting concerns over rising coronavirus cases.

Politics Video.

Too soon to say if RNC will be safe -U.S. official.

Stephen Hahn, the Food and Drug Administration commissioner, said on Sunday it was “too early to tell” if it would be safe for people to attend August’s Republican National Convention in Jacksonville, Florida. This report produced by Chris Dignam.

Trump claims progress in fight against COVID-19.

Cleveland Indians considers changing name.

Politics News.

Trump plans New Hampshire rally as he works to re-energize campaign.

President Donald Trump plans an outdoor rally in New Hampshire on Saturday, the campaign’s second of the coronavirus era following one in Tulsa, Oklahoma, last month that failed to draw the crowds his advisers predicted.

Too soon to say if safe to hold Republican convention in Florida, U.S. official says.

What would Kanye West have to do to launch a late White House bid?

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