International News
Desperate Venezuelans resort to stealing crude oil amid shortages
Venezuelans have begun stealing crude oil from idled fields owned by state oil company Petroleos de Venezuela after months of shortages.
Existing home sales jump past forecasts in October
Sales of second-hand homes in the States jumped past forecasts in October.
Philly Fed factory index holds up better than expected in November
Manufacturing sector activity in the US mid-Atlantic region was holding up better than expected in November, the results of a closely-followed survey revealed.
Initial jobless claims rise for first time in over a month
Americans continued filing for unemployment claims at an elevated level last week, this time at a slightly accelerated pace.
Macy's quarterly sales slump amid ongoing Covid-19 pandemic
Retailer Macy's revealed on Thursday that quarterly sales had slumped more than a fifth as consumers dialled back spending throughout the Covid-19 pandemic.
CMA to probe Virgin-O2 merger
The Competition and Markets Authority will carry out a full investigation of the merger between Virgin Media and O2 after the European commission referred the deal to the UK.
US pre-open: Futures lower as health woes return to focus
Wall Street futures had stocks opening lower ahead of the bell on Thursday as more positive vaccine news was obscured by the ever-growing number of fresh Covid-19 cases across the US.
EU fails to control Big Tech, claims auditor
An European Union external auditor warned that the EU fails to tame Big Tech because it moves too slowly to tackle new issues that arise and lacks legal muscle to restrain companies such as Google and Facebook for anti competitive behaviour.
Thyssenkrupp swings to FY loss, announces more job cuts
German steel firm Thyssenkrupp swung to a loss on Thursday, leading the group to cut jobs amid increased pressure on the company as a result of the Covid-19 pandemic.