Business

Oil rises as market shrugs off virus impact

Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over a rise of COVID cases in Asian countries.

WeWork rival IWG ‘cautiously optimistic’ on year after H1 losses widen

Office rental firm IWG Plc (IWG.L) said on Tuesday it was cautiously optimistic about the rest of the fiscal year despite posting a bigger half-year loss, even as a resurgence in global COVID-19 cases and renewed lockdowns in some markets threaten the pace of recovery.

Delivery Hero to expand in Germany after Berlin return

Delivery Hero (DHER.DE) said on Tuesday it would roll out its food and grocery delivery services in more German cities this autumn, heating up competition in the home market it quit three years ago to focus on Asia.

Oyu Tolgoi review raises doubts over Rio Tinto stance on cost overruns

Turquoise Hill Resources (TRQ.TO) said an independent review of$1.4 billion in cost overruns at the Oyu Tolgoi mine in Mongolia suggested that the project’s troubles were not caused by the geology issues that mine operator Rio Tinto blamed in 2019.

Oil rises as market shrugs off virus impact

Oil prices rose more than $1 on Tuesday, recouping some of the losses in the previous session, as rise of demand in Europe and the United States outweighed concerns over a rise of COVID cases in Asian countries.

WeWork rival IWG ‘cautiously optimistic’ on year after H1 losses widen

Office rental firm IWG Plc (IWG.L) said on Tuesday it was cautiously optimistic about the rest of the fiscal year despite posting a bigger half-year loss, even as a resurgence in global COVID-19 cases and renewed lockdowns in some markets threaten the pace of recovery.

Delivery Hero to expand in Germany after Berlin return

Delivery Hero (DHER.DE) said on Tuesday it would roll out its food and grocery delivery services in more German cities this autumn, heating up competition in the home market it quit three years ago to focus on Asia.

Oyu Tolgoi review raises doubts over Rio Tinto stance on cost overruns

Turquoise Hill Resources (TRQ.TO) said an independent review of$1.4 billion in cost overruns at the Oyu Tolgoi mine in Mongolia suggested that the project’s troubles were not caused by the geology issues that mine operator Rio Tinto blamed in 2019.

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