Reuters Company News

Fujifilm Holdings Corp's research on Avigan as a potential treatment for COVID-19 may drag on until July, the company said on Sunday, a further setback for the Japanese firm's effort to prove the drug's effectiveness against the virus.

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Global share prices edged higher on Monday after a surprise recovery in U.S. employment provided cause for optimism that global economies could quickly revive after many weeks of lockdowns aimed at controlling the coronavirus pandemic.

* IN CHINA, AVERAGE HOURS OF MACHINE USE PER UNIT OF KOMTRAX-INSTALLED KOMATSU CONSTRUCTION EQUIPMENT(EXCLUDING MINI AND MINING EQUIPMENT) ROSE 3% YEAR-OVER-YEAR IN MAY

Samsung Group heir Jay Y. Lee on Monday arrived at a South Korean court which will rule whether he will be sent back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.

James Bennet, the New York Times editorial page editor responsible for publishing a column that advocated using the military to quiet protests over U.S. racial inequality, resigned on Sunday, the newspaper announced.

The following are the top stories on the business pages of British newspapers. Reuters has not verified these stories and does not vouch for their accuracy.

Samsung Group heir Jay Y. Lee appeared in court on Monday for a hearing to determine whether he should be jailed over allegations of accounting fraud, in his latest brush with the law at South Korea's top conglomerate.

Oil prices rose more than 2% early on Monday to their highest in three months after OPEC and its allies including Russia agreed to extend record oil production cuts until the end of July.

The following are the top stories in the Financial Times. Reuters has not verified these stories and does not vouch for their accuracy.

U.S. stock futures and Asian shares advanced on Monday after a surprise recovery in U.S. employment gave further confidence of a quick economic recovery after many weeks of lockdowns aimed at controlling the coronavirus pandemic.

-- Note: Reuters has not verified this story and does not vouch for its accuracy

A New York Times editorial page editor responsible for publishing a column that advocated using the military to quiet protests over U.S. racial inequality resigned from his position on Sunday, the newspaper announced.

China's exports contracted in May as global coronavirus lockdowns continued to devastate demand, while a sharper-than-expected fall in imports pointed to mounting pressure on manufacturers as global growth stalls.

A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.

Air New Zealand on Monday began the second phase of a coronavirus-enforced cost-cutting plan that it said will save around NZ$150 million ($97.53 million) and help it return to "healthy profits" by August 2022.

A French emergency plan for the aerospace industry to be unveiled this week could be worth up to 10 billion euros ($11.3 billion), including an expected 1 billion euro investment fund, business newspaper Les Echos reported on Sunday.

* AstraZeneca and Gilead at forefront of fight against coronavirus

France is seeking to create a 1 billion euro ($1.1 billion) fund as part of an emergency plan for the aerospace industry to be unveiled in the coming days, the transport minister said on Sunday.

Indian oil-to-telecoms conglomerate Reliance Industries said on Sunday that the Abu Dhabi Investment Authority (ADIA) will buy 1.16% of its digital unit Jio Platforms for 56.83 billion rupees ($752 million).