Americans Paul R Milgrom and Robert B Wilson, both of Stanford University, have won the 2020 Nobel Prize in Economic Sciences for their research into auction theory, the Royal Swedish Academy of Sciences announced on Monday. "Paul Milgrom and Robert Wilson, have improved auction theory and invented new auction formats, benefiting sellers, buyers and taxpayers around the world," the academy wrote.

The United States is imposing new tariffs on $1.96 billion worth of aluminum sheet products from 18 countries after determining that the goods were being dumped, US Commerce Secretary Wilbur Ross said on Friday.

London Stock Exchange said on Friday it had accepted a €4.325 billion ($5.09 billion) cash offer by pan-European bourse operator Euronext for the Milan stock exchange.

A Paris appeals court on Thursday upheld an order for Google to negotiate with media groups in a long-running dispute about revenues from online news. The ruling came as the US internet giant announced it was close to a deal on compensating French media groups for news shown in Google search results.

Researchers have been able to manipulate large chunks of genetic code for almost 50 years. But it is only within the past decade that they have been able to do it with exquisite precision – adding, deleting and substituting single units of the genetic code just as an editor can manipulate a single letter in a document. 

The coronavirus pandemic has made the super-rich around the globe even richer, according to a study by consulting firm PwC and the major Swiss bank UBS, cited by dpa. At the end of July, the total assets of the world's more than 2,000 billionaires had risen to a record level of around 0.2 trillion dollars, the analysis, published on Wednesday, shows. This level surpasses the previous peak of 8.9 trillion dollars, reached at the end of 2017.

Tech giants Google and Oracle are clashing at the Supreme Court in a copyright dispute that’s worth billions and important to the future of software development.

The UK’s PM Johnson announced his goal to supply all households in Britain with electricity from offshore wind farms by 2030, news wires reported.The coronavirus pandemic should be used as a catalyst for a green energy revolution, Johnson said in a speech to an online conference of his Conservative Party on Tuesday.

Cineworld, the world's second-biggest cinema chain, will close its UK and US movie theatres this week, leaving as many as 45,000 workers unemployed, as it fights a coronavirus-related collapse in film releases and cinema-going.

Two Americans and a Briton won the 2020 Nobel Prize for Medicine for work in identifying the Hepatitis C virus, which causes cirrhosis and liver cancer, news wires reported. The discoveries by Harvey Alter, Charles Rice and Michael Houghton meant there was now a chance of eradicating the Hepatitis C virus completely, the award-giving body said.