IEA sees lower oil demand in 2020, 2021 on upsurge of coronavirus cases and stalling mobility
The IEA lowered its oil demand forecasts for 2020 and 2021 on Thursday, identifying jet fuel demand as the "major source" of weakness.
CNBC Europe
Revolut, Europe's $5.5 billion digital bank, says losses tripled in 2019
Revolut blamed the mounting losses — which came despite a rise in revenue and customer numbers — on its investment in international expansion and new product offerings.
Beirut mourns victims of catastrophic blast, pushes for answers over missed warnings
Officials said the explosion was caused by 2,750 tons of ammonium nitrate that was stored unsecured in a warehouse at Beirut's port for six years.
British foldable bike maker plans to launch subscription service next month as the cycling boom continues
Brompton is planning to launch a subscription service next month as part of an effort to get more people using its bikes.
Russia says vaccine could be in use by November and has been developed over six years
On Tuesday, Russia announced that it had registered a coronavirus vaccine, making it the first country to do so.
The coronavirus pandemic is debunking some long-held myths of the energy industry
"Big Oil" companies posted huge losses in the second quarter as coronavirus lockdown measures coincided with an unprecedented demand shock.
Russia says there is 'major information warfare' against its coronavirus vaccine
Russia has rejected international criticism and skepticism toward its coronavirus vaccine, saying that it's safe and that it works.
UK enters recession after GDP plunged by a record 20.4% in the second quarter
The U.K. economy contracted by 20.4% in the second quarter of 2020 as coronavirus-induced lockdowns hammered activity.
Former FDA chief Dr. Scott Gottlieb wary of safety of Russia's coronavirus vaccine: 'I wouldn't take it'
"I wouldn't take it, certainly not outside a clinical trial right now" where patients are closely monitored, former FDA commissioner Dr. Scott Gottlieb told CNBC.
Watch live: Pan American Health Organization holds press conference on the coronavirus outbreak
Pan American Health Organization officials are holding a press conference to update the public on the coronavirus outbreak in the Americas.
UK court finds facial recognition technology used by police was unlawful
The use of automatic facial recognition technology by South Wales Police was unlawful, according to the Court of Appeal.
Nokia phones maker HMD picks up $230 million in new funding from Google, Qualcomm and Nokia
HMD Global said Tuesday that it would use the fresh capital to invest in the development of 5G smartphones.
SoftBank says it's considering selling or listing UK chip designer Arm
CEO Masayoshi Son confirmed that SoftBank is considering selling U.K. chip designer Arm or taking the company public.
Sustainable investment funds just surpassed $1 trillion for the first time on record
It comes amid growing investor interest in sustainable investment funds in the wake of the coronavirus pandemic.
Meet the European companies thriving online after closing their physical stores
VanMoof, Biscuiteers and Stone Tyres have all seen sales surge during the age of the coronavirus.
State Department lifts international 'do not travel' advisory, but hurdles remain
The U.S. State Department has lifted its 'do not travel' advisory for international trips but many countries remain closed to Americans.
European stocks close slightly higher but U.S.-China tensions cap gains
European stocks closed slightly higher Friday after a stronger-than-expected U.S. federal jobs report and amid rising tensions between Washington and Beijing.
Geothermal project in England secures funding to help pilot lithium-extraction technology
A number of firms are exploring lithium extraction opportunities in Cornwall.
Europe's banks surprise markets with a strong quarter. But the crisis is not over
European banks have surprised markets with second quarter results but there are still tough challenges ahead.
UK digital bank Starling's losses doubled in 2019 — but it expects to break even this year
The app-based bank said it had seen lending activity spike thanks to the U.K. government's emergency coronavirus financing schemes.
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