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Updated: 13 hours 10 min ago

French carmaker PSA seeks alternative to moving Polish workers to Hordain

Sat, 06/13/2020 - 21:18
French carmaker PSA on Saturday said it was working on an alternative to bringing Polish workers to its Hordain factory in northern France to help with the ramp-up of production after a weeks-long shutdown caused by the coronavirus.

AstraZeneca agrees to supply Europe with 400 mln doses of COVID-19 vaccine

Sat, 06/13/2020 - 21:14
AstraZeneca Plc said on Saturday it signed a contract with European governments to supply the region with its potential vaccine against the coronavirus, the British drugmaker's latest deal to pledge its drug to help combat the pandemic.

Iran prepared to retaliate if U.S. stopped Venezuela-bound tankers - news agency

Sat, 06/13/2020 - 21:01
An Iranian news agency close to the elite Revolutionary Guards said on Saturday Iran's naval forces were preparing to target U.S. commercial vessels in the Gulf last month in case U.S. forces interfered with Venezuela-bound Iranian oil tankers.

Twitter restores account of financial market website Zero Hedge

Sat, 06/13/2020 - 18:33
Twitter Inc said it had restored the account of financial market website Zero Hedge on its platform on Friday after concluding that suspending it was an error.

Austria plans coronavirus help for jobless, families

Sat, 06/13/2020 - 16:12
The Austrian government intends to make one-off payments to jobless people and boost spending on families with children as part of measures this year to cushion the blow from the coronavirus pandemic, its coalition leaders said.

Don't let the corona-crisis go to waste, ECB tells Italy

Sat, 06/13/2020 - 15:53
Italy must not let the economic crisis wrought by the coronavirus pandemic "go to waste" and should instead reform its stagnant economy so that it thrives after the outbreak, European Central Bank President Christine Lagarde said on Saturday.

American Express JV gets final approval to launch operations in China

Sat, 06/13/2020 - 14:42
China's central bank has given the final nod to a network clearing license for an American Express joint venture, allowing it to be the first foreign credit card company to launch onshore operations in China.

Lawmakers label British Airways 'national disgrace' over jobs

Sat, 06/13/2020 - 14:41
British Airways was labelled a "national disgrace" by lawmakers for its treatment of employees on Saturday, adding to pressure on the airline as it juggles job cuts and new quarantine rules.

Airbnb partners with Brazil virus hotspot Sao Paulo on post-pandemic tourism

Sat, 06/13/2020 - 14:37
Home rental firm Airbnb struck a partnership with Brazil's Sao Paulo state to encourage tourism once the novel coronavirus crisis has passed, a company executive said on Friday.

New York judge dismisses much of ex-TCW manager's sexual harassment lawsuit

Sat, 06/13/2020 - 14:29
A New York state judge dismissed a substantial portion of Sara Tirschwell's sexual harassment lawsuit against her former employer, asset manager TCW Group Inc.

Fed's Bostic calls for end to racism, says Fed can play a role

Sat, 06/13/2020 - 14:19
Atlanta Federal Reserve Bank President Raphael Bostic, the Fed's only African American policymaker, on Friday issued an impassioned call for an end to racism and laid out ways the U.S. central bank can help do so.

U.S.'s Pompeo to meet China's top diplomat in Hawaii seeking to ease tensions: media

Sat, 06/13/2020 - 14:09
U.S. Secretary of State Mike Pompeo will meet China's top diplomat Yang Jiechi in Hawaii, trying to ease tensions between the world's two largest economies over various issues, according to media reports.

Amazon's business practices examined by two U.S. states: reports

Sat, 06/13/2020 - 12:14
State investigators in both California and Washington are examining Amazon's business practices, two newspapers reported, citing people familiar with the matter.

Britain's Cineworld scraps $1.65 billion deal to buy Cineplex

Sat, 06/13/2020 - 11:55
Britain's Cineworld Group Plc said on Friday it abandoned its $1.65 billion (1.32 billion pounds) deal to buy Cineplex Inc, citing what it termed the Canadian company's breaches in the merger agreement between the cinema operators.

Canada spy agency warned of 'shock waves' from arrest of Huawei founder's daughter

Sat, 06/13/2020 - 11:47
Canada's intelligence agency warned that arresting the daughter of billionaire Huawei founder Ren Zheng would set off global "shock waves" and seriously affect ties with China, just before her detention in Vancouver on a U.S. extradition request, new court documents show.

Global coffee stocks to reach 6-year peak on rising output, USDA reports

Sat, 06/13/2020 - 09:14
Global coffee stocks at the end of the 2020-21 (Oct-Sept) season are expected to grow to near 42 million 60-kg bags, the highest in six years, as production grows more than consumption, the United States Department of Agriculture (USDA) said on Friday.

Pakistan targets ambitious growth, revenue despite coronavirus struggles

Sat, 06/13/2020 - 07:56
Pakistan on Friday announced its annual budget for financial year 2020-21, setting ambitious targets of 2.1% GDP growth, a 7% fiscal deficit and an increase in tax revenues, even as it reels from a surge in novel coronavirus cases.

China's Tencent Music reports passive stake in Warner Music

Fri, 06/12/2020 - 23:35
China's Tencent Music Entertainment Group on Friday reported a 5.2% passive stake in Class A shares of Warner Music Group Corp , about a week after the world's third-largest recording label's debut on the Nasdaq.

Exclusive: U.S. senators draft plan to reform new plane design approvals after 737 MAX crashes

Fri, 06/12/2020 - 23:02
Two key U.S. senators are circulating a bipartisan draft bill that would reform how the Federal Aviation Administration certifies new aircraft in the wake of two fatal Boeing 737 MAX crashes that killed 346 people.

Wall Street rises after biggest pullback since March

Fri, 06/12/2020 - 23:02
Wall Street's main indexes rose on Friday, as bargain hunters returned after a punishing session a day earlier, but the indexes were still on track for their worst week in nearly three months on fears over new coronavirus cases and economic worries.