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German stocks outperform Europe as business morale rebounds (Reuters) - European shares rose in thin trade on Monday as a closely watched indicator of German business sentiment rebounded in May, with a slew of positive corporate updates boosting sentiment. FILE PHOTO: The German share price index DAX graph ...
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PRECIOUS-Gold prices dip on profit-taking in thin trade ... * SPDR Gold Trust holdings rose 0.4% on Friday * Speculators raise gold bullish positions in week to May 19 -CFTC * China's net gold imports via Hong Kong fall 176% in April * For an interactive graphic tracking the global coronavirus spread, open ...
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Renault and Nissan are desperate for help. The alliance Carlos Ghosn built could be their only hope London (CNN Business) The coronavirus pandemic may be forcing Renault and Nissan to rethink their strained relationship. Already under huge pressure from slumping sales and profits in 2019, the collapse in global car demand this year could push the ...
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France's Arnault Gives Financial Lifeline to Indebted Lagardère CEO PARIS—French billionaire Bernard Arnault agreed to take a stake in the holdings of the controlling shareholder of media conglomerate Lagardère SCA, giving a financial lifeline to a longtime friend whose debts were undermining his control of the company.
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Lufthansa to Receive $10 Billion Bailout Lufthansa will receive a bailout worth 9 billion euros, or $9.8 billion, to help the airline survive an "existential emergency" caused by the pandemic and a virtual shutdown of passenger air traffic, the German government said Monday. The agreement, reached ...
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Hundreds Test Positive for Coronavirus at BRF Meatpacking Plant in Brazil SAO PAULO — Hundreds of meatpacking workers at a single BRF SA plant in southern Brazil have tested positive for the novel coronavirus, the company said on Monday, amid global concerns about the pandemic disrupting food supplies. Brazilian ...
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UPDATE 1-Intesa expected to give preliminary green light to state-backed loan for FCA -source (Adds details, context, changes headline). MILAN, May 25 (Reuters) - Italian bank Intesa Sanpaolo is expected to give a preliminary green light at a board meeting on Tuesday to a state-backed 6.3 billion euro ($6.9 billion) three-year loan for Fiat Chrysler, ...
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German Court Ruling Clears the Way to Settle VW Diesel Cases KARLSRUHE, Germany — A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the current value of the car based on the mileage ...
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UPDATE 1-Air Canada, Transat deal faces intense EU antitrust scrutiny (Adds European Commission comments). By Foo Yun Chee. BRUSSELS, May 25 (Reuters) - Air Canada's bid for Canadian tour operator Transat AT Inc may result in higher prices and less choice for flights between Europe and Canada, EU antitrust ...
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Dow Jones Futures Jump On Memorial Day; Five Titans Near Buy Points In Coronavirus Stock Market Rally Dow Jones futures rose solidly Monday afternoon, along with S&P 500 futures and Nasdaq futures, with U.S. markets closed for Memorial Day. The coronavirus stock market rally powered ahead last week, with the Nasdaq composite nearing all-time highs.
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Mukesh Ambani's JioMart expands to 200 Indian cities in challenge to Amazon and Flipkart By Sherisse Pham, CNN Business An online grocery business backed by Asia's richest man is expanding to hundreds of cities across India — a move widely seen as a challenge to Amazon and Flipkart. Sunday, May 24th 2020, 9:52 PM HST. Updated:.
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Sanofi to sell stake in Regeneron (Reuters) - Sanofi SA said on Monday it would sell its stake in Regeneron Pharmaceuticals Inc, but would not change its ongoing collaboration. Sanofi, which owns about 23.2 million shares of Regeneron's common stock or about 20.6% stake, said ...
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India air travel restart hits chaos and cancellations NEW DELHI (Reuters) - Airlines' plans to resume air travel in India were in disarray on Monday after some states restricted the number of flights hours before departure, causing last-minute cancellations and leaving hundreds of passengers stranded.
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Tesco begins selling white eggs for the first time in 40 years following increased demand during lockdown White eggs are making a comeback at Tesco after more than 40 years to help keep up with consumer demand during the coronavirus lockdown. The reintroduction of the eggs follows a successful trial by the UK supermarket, which has reported a 30 per cent ...
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ADOL website issues cause confusion for thousands of Alabama unemployment claimants Several technical issues have caused confusion for thousands of people trying to claim unemployment benefits through the Alabama Department of Labor website, state officials said over the Memorial Day weekend. A technical website issue preventing ...
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Back to the future on class actions When the federal government made its move on litigation funders last week, it took business back to much happier times. In October 2009, the full Federal Court brought the burgeoning class actions industry to a halt. Every funded class action in Australia was ...
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MDHHS partners with Kroger Health for new COVID-19 testing site The Michigan Department of Health and Human Services partnered with Kroger Health in order to provide a free drive-through COVID-19 testing site. Testing started Monday, May 18, and will continue through the end of May. Held in the Ford Elementary ...
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Kotak Mahindra Bank slashes interest rate by 0.50 pc on savings deposits Mumbai: Private sector lender Kotak Mahindra BankNSE 0.87 % (KMB) on Monday slashed the interest rate on savings deposits by a further 0.50 per cent. The bank has cut rates twice last month on its deposit rate offering on the savings accounts.
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AngloGold Ashanti shuts South African mine after 164 workers test positive for COVID-19 AngloGold Ashanti Ltd. has reported 164 cases of the novel coronavirus among its workers at a gold mine in South Africa, raising new questions about how to prevent the virus from spreading in deep underground mines. The cases were discovered at ...
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It's wine o'clock: Virtual tasting sessions take the country by storm For brilliant recipes, the best of local produce, fresh ideas and insight, subscribe to our weekly Food and Drink Newsletter. Thank you for signing up to our Food and Drink Newsletter. Something went wrong - please try again later. Sign Up. A Scottish events ...
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Australian shares jump to 11-week high as travel stocks rebound from coronavirus Australian shares have jumped to their highest value in almost three months as optimistic investors focused on the COVID-19 economic recovery, rather than US-China tensions. Key points: The Australian share market has dropped 21.6pc since its February ...
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GBP/USD Struggles to Gain Downside Momentum After Failure at Key Resistance GBP/USD gained early last week but sellers dominated a critical resistance area and the exchange rate pared some gains in the second half of the week. There were important developments last week, and the reaction in the exchange rate points to ...
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Daimler forges ahead with its plans to make all-electric Mercedes S-Class sedan Daimler AG is pushing ahead with plans to produce an all-electric version of its flagship Mercedes S-Class sedan from next year even as it cuts back in other areas to weather a slump in demand across the industry. The company's main Mercedes-Benz cars ...
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Dull demand to weigh on JSW Steel, improving cash flows a challenge in FY21 MUMBAI: JSW Steel Ltd's Q4 figures were weak as demand remained subdued, and the 15 million tonne (mt) sales outlook for FY21, unchanged from last year, looks optimistic. "Sales volume guidance of 15 mt for FY21 might be a tall order now, which was ...
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Lockdown extensions economically disastrous: Anand Mahindra The Mahindra Group chairman on Monday said lockdown extensions are not just economically disastrous but also create another medical crisis. Share Via Email. Published: 25th May 2020 04:27 PM | Last Updated: 25th May 2020 04:27 PM | A+A A-.
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Apartment Buildings Rush to Improve Air Quality Ahead of a Summer Spent Indoors While apartment dwellers have spent the past two months socially distancing and minimizing time in common areas (or simply leaving town altogether), their building managers have hurried into action as well, instituting new policies including masks, cleaning ...
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Hey, You Wanna See Jay Leno and Elon Musk Tootle Around Town in a 2021 Tesla Cybertruck? Picture it now: Elon Musk and Jay Leno, rolling through Armageddon in their bullet-proof Cybertruck. It's everything you imagined 2021 would be. In a promo for CNBC's Jay Leno's Garage, the Tesla CEO lets the former late-night host take his company's latest ...
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Toyota to resume manufacturing operations from Tuesday New Delhi: Toyota Kirloskar Motor (TKM) on Monday said it will resume manufacturing operations at its Bidadi (Karnataka) plant from Tuesday. After weeks of lockdown and partial lifting of restrictions across the country, the company will re-start production at ...
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Strong Buying of WTI: Subdued Gold Interest Saxo Bank publishes two weekly Commitment of Traders reports (COT) covering leveraged fund positions in commodities, bonds and stock index futures. For IMM currency futures and the VIX, we use the broader measure called non-commercial. The below ...
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UPDATE 1-Russian rouble firms, cenbank cancels one-month repo auction (Adds detail, updates prices). MOSCOW, May 25 (Reuters) - The Russian rouble firmed slightly on Monday, pricing in Sino-U.S. tensions and higher oil prices, while the central bank cancelled a one-month repo auction in a sign that the situation on the money ...
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Korean firms brace to bounce back from pandemic SEOUL — Major South Korean companies have resumed operations at their overseas plants and are speeding up business normalization since suffering disruptions from the COVID-19 pandemic. This month, the nation's two tech giants, Samsung Electronics ...
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Amazon commits to five new utility-scale solar projects Amazon has committed to five new renewable energy projects in China, Australia and the U.S. that further support Amazon's commitment to reach 80% renewable energy by 2024 and 100% renewable energy by 2030 (and potentially as early as 2025), ...
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New double-contrast technique picks up small tumors on MRI Early detection of tumors is extremely important in treating cancer. A new technique developed by researchers at the University of California, Davis offers a significant advance in using magnetic resonance imaging to pick out even very small tumors from ...
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PA county opens game-changing COVID-19 antibody testing site, offers help to others CHESTER COUNTY — Not too far from home here in Central Pennsylvania there is something unique happening, something that could be a game-changer in the battle against COVID-19. Chester County is operating their own antibody testing site and they ...
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Strauss Group Delivers NIS 2.17 Billion in Revenue in the First Quarter of 2020, Reflecting 8.1% Growth Excluding ... PETAH TIKVA, Israel, May 25, 2020 /PRNewswire/ -- Group CEO, Giora Bardea: Strauss Group delivered strong performance in the quarter, growing sales and maintaining profit stability, while, like the rest of the world, having to cope with the effects of ...
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