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Business Published 26 Jun, 2020 10:31pm

Global stock markets sink as U.S. virus concerns offset Europe rebound hopes

NEW YORK (Reuters) - Global equities sank and perceived safe-haven assets like U.S. Treasuries and gold gained on...

Business Published 26 Jun, 2020 09:44pm

French drugmaker Sanofi to cut up to 1,680 jobs in Europe

PARIS (Reuters) - French drugmaker Sanofi (SASY.PA), which employs more than 100,000 people worldwide, confirmed on...

Science Published 26 Jun, 2020 09:41pm

Nike plans to cut jobs in digital push

(Reuters) - Nike Inc (NKE.N) on Friday warned of job cuts as the world’s largest footwear maker ramps up efforts ...

Business Published 26 Jun, 2020 09:41pm

Investors warm to Europe as Biden lead, virus fears rattle Wall Street

LONDON (Reuters) - European stocks look poised to make up ground on Wall Street in the second half of 2020 as Joe...

Science Published 26 Jun, 2020 09:35pm

Microsoft to close physical stores, take $450 million hit

(Reuters) - Microsoft Corp (MSFT.O) said on Friday it would close its retail stores and take a related pretax asset...

Business Published 26 Jun, 2020 09:31pm

FOREX: Dollar set for biggest drop in three weeks as U.S. infection cases jump

LONDON (Reuters) - The euro gained on Friday and is set for its biggest weekly rise in three weeks after the ...

Science Published 26 Jun, 2020 08:15pm

Belgium adopts mobile tracking to limit beach crowds

KNOKKE-HEIST, Belgium (Reuters) - Belgium has set up a new system to track mobile phones in order to limit crowding...

World Published 26 Jun, 2020 08:09pm

Greece hopes for 'air bridge' with UK from mid-July

ATHENS (Reuters) - Greece hopes to be able to set up an “air bridge” with Britain that would allow British...

World Published 26 Jun, 2020 08:06pm

Thailand and Myanmar burn seized drugs worth $2 billion

AYUTTHAYA, Thailand/YANGON (Reuters) - Thailand and Myanmar destroyed 25 tonnes of illicit drugs collectively worth...

Business Published 26 Jun, 2020 08:01pm

U.S. on track for economic rebound despite virus 'interruptions', Commerce secretary says

WASHINGTON (Reuters) - The U.S. economy is still on track for a strong rebound in the second half of the year,...

World Published 26 Jun, 2020 07:58pm

Leaders of Turkey and Greece discuss COVID fallout in rare call

ATHENS (Reuters) - Greek Prime Minister Kyriakos Mitsotakis and Turkish President Tayyip Erdogan discussed the ...

Business Published 26 Jun, 2020 07:56pm

American Airlines warns flights may be more crowded in July

(Reuters) - American Airlines (AAL.O) said on Friday that it will no longer restrict the number of seats sold on...

Business Published 26 Jun, 2020 07:55pm

L'Oreal to drop words such as 'whitening' from skin products

LONDON (Reuters) - L’Oreal, the world’s biggest cosmetics company, has decided to remove words referring to...

Business Published 25 Jun, 2020 10:19pm

Fuel demand accelerates but new virus wave may slam on the brakes

LONDON/NEW YORK (Reuters) - Fuel demand is gradually recovering as coronavirus lockdown measures ease around the...

Business Published 25 Jun, 2020 10:07pm

Central banks have thrown many tools at coronavirus. What do they have left?

LONDON (Reuters) - To kick-start a world economy devastated by coronavirus, central banks have delved deep into ...

Business Published 25 Jun, 2020 09:57pm

Lufthansa soars after top shareholder backs bailout

FRANKFURT (Reuters) - Lufthansa (LHAG.DE) shares jumped as much as 20% on Thursday after its top shareholder dropped...

Business Published 25 Jun, 2020 09:52pm

U.S. imposes sanctions on companies operating in Iran's metals sector

WASHINGTON (Reuters) - The United States on Thursday blacklisted four steel, aluminum and iron companies operating ...

Business Published 25 Jun, 2020 05:15pm

Policy rate slashed by 100 bps to 7 percent

The State Bank of Pakistan announced another rate cut in it's monetary policy meeting on Thursday. This is the 5th...

Business Published 25 Jun, 2020 05:11pm

Global FOREX: Dollar holds the upper hand as recovery doubts creep in

LONDON (Reuters) - The U.S. dollar edged higher on Thursday as factors ranging from rising trade tensions to fears ...

Business Published 25 Jun, 2020 04:59pm

Russia takes a leaf out the U.S. shale oil playbook

MOSCOW (Reuters) - Russia is taking a leaf out of the U.S. shale playbook so it can ramp up oil production quickly...

Business Published 25 Jun, 2020 04:55pm

NYSE Stock futures fall on virus fears ahead of jobless claims

(Reuters) - U.S. stock futures fell further on Thursday following Wall Street’s worst day in two weeks, as risk...