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Wirecard collapse leads to call for German parliamentary inquiry BERLIN/MANILA (Reuters) - Germany's opposition called on Monday for a parliamentary inquiry into the collapse of payments firm Wirecard after a global fraud that left a gaping hole in its books went undiscovered by auditors and regulators for years.
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Wirecard scandal hits UK consumers as online banking apps freeze accounts The Financial Conduct Authority ordered Wirecard's U.K. unit stop carrying out regulated activities. That regulatory action impacted several fintech apps, including Curve, Anna, Pockit and U Account. Experts say the debacle could lessen the public's trust in the ...
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Google brings free product listings to its main Google Search results Earlier this year, Google made a significant change to its Shopping search tab in the U.S. to allow the service to primarily feature free product listings selected by Google's algorithms, instead of paid ads. Building on that change, Google is today introducing a ...
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Bank of England tells banks to push on with climate risk analysis LONDON (Reuters) - The Bank of England (BoE) has told banks and insurers to press ahead with analysing the impact of climate change on their operations, saying that guidance published on Monday would be followed by targets next year. FILE PHOTO: A ...
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Gold futures climb, but silver declines as investors eye impact of COVID-19's rapid spread Gold futures on Monday headed higher as evidence of a rapid spread in coronavirus cases supported buying the haven metal to start the week, but investor worries over industrial demand for silver pressured prices for the white metal. "Lingering risks across ...
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European markets close higher despite surge in coronavirus cases Global markets are reacting to the news that the coronavirus has now killed more than 500,000 people around the world, according to data compiled by Johns Hopkins University. The number of confirmed infections has now exceeded 10 million. In corporate ...
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UPDATE 1-US FDA again declines to approve Heron Therapeutics' non-opioid painkiller (Adds details of FDA's response, background, shares). June 29 (Reuters) - Heron Therapeutics said on Monday the U.S. Food and Drug Administration has once again declined to approve its non-opioid painkiller for post-operative pain and sought more data, ...
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Small businesses seeking coronavirus relief have until June 30 to apply for PPP loan Small businesses hurting from the coronavirus pandemic and economic lockdown have one more day to apply for a forgivable loan through the government-backed Paycheck Protection Program. Continue Reading Below. June 30 is the deadline for small ...
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Nokia secures 5G deal with Taiwan Mobile Nokia has been selected by Taiwan Mobile as the sole supplier of its 5G network in a three-year framework deal worth approximately 400 million euros ($451 million). The initial phase of the deal, which includes 5G RAN, 5G core and 5G IMS, begins this ...
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US pending home sales see record-breaking rebound in May SILVER SPRING, Md. — The number of Americans signing contracts to buy homes rebounded a record 44.3% in May after a record-breaking decline the previous month, as the impact of the coronavirus pandemic sidelined both buyers and sellers.
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Dutch government begins auction of 5G frequencies The Dutch government has started an auction of 5G frequencies with telecom companies bidding so they can provide customers with the faster mobile communication networks. By. The Associated Press. June 29, 2020, 3:03 AM. 1 min read. 1 min read.
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Little Caesars hands customer pizza with pepperoni swastika made as 'insensitive joke' BROOK PARK, Ohio -- An Ohio couple was shocked to find a message of hate designed in pepperoni on their pizza dinner. Jason Laska said he picked up a pepperoni pizza from Little Caesars in his neighborhood on Saturday night while running errands for ...
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Golden Nugget Online Gaming to go public in deal with Fertitta's Landcadia blank-check co. Local billionaire Tilman Fertitta's latest blank-check company has reached a deal to take another Fertitta-owned company public. Landcadia Holdings II Inc. (Nasdaq: LCA), a special purpose acquisition company, will acquire Golden Nugget Online Gaming ...
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Microsoft to close its physical stores Microsoft announced Friday that it will close all of its physical Microsoft Store locations and focus on e-commerce operations. The closures are expected to result in a charge to the company of $450 million. Retail employees will assist customers remotely, and ...
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Nikola Opens $5000 Reservations for Badger ETruck Nikola (NKLA) - Get Report shares on Monday rose amid the opening of $5,000 reservations for the electric-vehicle maker's pickup truck. Prototypes for the Badger haven't been offered yet. Nikola said in a March filing that it didn't expect to form plans for the ...
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Amazon Acquires Self-Driving Tech Firm NEW YORK (AP) — Amazon said Friday that it is buying self-driving technology company Zoox, which is developing an autonomous vehicle for a ride-hailing service that people would request on their phones. Seattle-based Amazon did not disclose how ...
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Supreme Court Backs President's Power to Fire CFPB Director A divided U.S. Supreme Court said the president must have broad power to fire the director of the Consumer Financial Protection Bureau, ruling that Congress went too far in trying to insulate the agency from political pressure. The justices on Monday largely ...
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Goldman sees longer recovery for air traffic to return to normal, upgrades Southwest to buy Goldman Sachs had expected airline traffic to rebound in the U.S. at a similar pace to China's post-coronavirus recovery. However, with the resurgence in cases and 14-day travel quarantines imposed in places like New York, the investment bank is pushing ...
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Merck Animal Health invests $100 million in DeSoto facility expansion Merck Animal Health has announced an investment of $100 million in facility expansion and enhancement efforts in its U.S. manufacturing site in DeSoto, Kan. Investments to the site include a technological expansion of the vaccine production facility, which ...
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Amex encourages cardholders to shop at small businesses with a $5 credit when you spend $10 or more The ongoing coronavirus pandemic continues to affect how Americans shop, with small business owners bearing the brunt of the impact of consumers' changing spending habits. In fact, 62% of U.S. small businesses reported that they need to see consumer ...
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Starting July 1, some American Airlines flights will be booked to capacity CHARLOTTE, N.C. — American Airlines confirmed that starting July 1, flights will be allowed to be booked to capacity. "American will continue to notify customers and allow them to move to more open flights when available, all without incurring any cost," an ...
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Elon Musk beat the short sellers and Tesla gained new types of investors along the way, Credit Suisse says (This story is for CNBC Pro subscribers only.) Electric automaker Tesla proved the short sellers wrong this year and welcomed a flood of retail investors cashing in on the stock's huge rally in 2020, according to Credit Suisse. The Wall Street firm — which has a ...
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Accenture, AMD, Facebook and Nvidia sign up to advance 'Confidential Computing' An industry group called the Confidential Computing Consortium, which aims to standardize the way that data is encrypted while in use, said today it's adding 10 more members to its community. The Linux Foundation-backed project said it's welcoming a raft ...
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500 Inspiring Individuals Around the World Receive IT Training & Certification Scholarships from The Linux Foundation SAN FRANCISCO, June 29, 2020 /PRNewswire/ -- The Linux Foundation, the nonprofit organization enabling mass innovation through open source, has announced the recipients of the 2020 Linux Foundation Training (LiFT) Scholarships. LiFT aims to ...
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Starbucks barista gets over $90000 in tips after refusing to serve customer not wearing mask (CNN) - A Starbucks barista who was publically shamed by a customer who refused to wear a face mask has gotten over $90,000 in virtual tips. Lenin Guitierrez, 24, was working a shift at a Starbucks in San Diego Monday morning when Amber Gilles, who ...
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BlackRock sees risks for US stocks in the second half from virus and politics BlackRock Investment Institute is neutral on U.S. equities, or benchmark weight, going into the second half, after the U.S. market's outperformance since late March. In its second-half outlook, BlackRock said it is overweight credit and it expects European ...
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China Boosts Subsidy-Eligible Solar Projects by 13% in 2020 China, the world's biggest solar market, plans to subsidize 434 photovoltaic power projects with a combined capacity of almost 26 gigawatts of this year. Shares of solar equipment manufacturers gained as the announcement from the National Energy ...
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Auto components makers fear delay in imports clearance may impact production Auto component industry body ACMA on Monday sought timely clearance of imports from China, saying that delay in clearing such items could lead to disruption in vehicle manufacturing across the country. According to the Automotive Component ...
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Kiniksa preps BLA as Regeneron drug cruises to a PhIII win — shares soar Kiniksa made a modest $5 million cash bet on Regeneron's Arcalyst (rilonacept) back in 2017. The startup forged a pact to use the drug, which targets IL-1α and IL-1β, and see how it works against recurrent pericarditis, agreeing to split any profits to come ...
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British Airways 'to sack 350 pilots' as Ryanair tells staff to accept 20% pay cut British Airways is reportedly close to axing 350 pilots and placing a further 300 in a 'pool for re-hire', as part of wider restructuring plans that it previously warned could result in up to 12,000 job cuts. The claims - which come just a week before flights are set to ...
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Boss warns restaurant chains are 'hurting' Restaurants chains are 'hurting' due to pandemic, warns Deliveroo boss. The boss of Deliveroo has warned that restaurant brands are "hurting" due to the impact of the coronavirus pandemic. Will Shu, chief executive of the food delivery business, also ...
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Piramal Enterprises shares gain over 3% after stake sale to Carlyle Group MUMBAI : Shares of Piramal Enterprises rose as much as 4.3% on Monday after US-based global investment firm Carlyle Group Inc said it will buy 20% stake in Piramal Pharma for around $490 million ( ₹3,700 crore). After touching an intraday high of ...
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Israeli digital music catalog co Artlist raises $48m The kibbutz-based provides high-quality, royalty-free licensed music, stock video clips, and sound effects for digital creative industries. Israeli digital music catalog company Artlist has raised $48 million in a financing round led by KKR and with the ...
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Payday lender Sunny enters administration - what to do if you have an outstanding loan Payday lender Sunny has entered administration, in a move that could affect thousands of customers across the UK. The UK branch of Elevate Credit, which trades as Sunny, appointed administrators from KPMG on Monday, and will stop trading with ...
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All Eyes on Grain Stocks, Acreage Report This Week Farmers, businesses and traders will have their eyes on the markets this week because USDA will release its updated Crop Progress report on Monday. USDA says corn planting is mostly done and 72% of the crop is reported good to excellent, up 1% from ...
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Hang Seng falls 1% on concerns over virus spike, Beijing's security law Hong Kong's stock benchmark fell 1% on Monday, as sharp spikes in new COVID-19 infections globally and China's impending national security law on the city curbed risk appetite. ** The Hang Seng index closed 1.0% lower at 24,306.09. The China ...
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BlueRed Partners leads US$18m round in cyber security startup Cynet SINGAPORE-BASED BlueRed Partners has led a US$18-million, extended Series B fundraising in US-based cyber security startup Cynet, the venture firm announced in a statement on Tuesday. The round was joined by German telecommunications firm ...
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Rupee closes 7 paise higher at 75.58 against US$ on easing crude prices The rupee settled 7 paise higher at 75.58 (provisional) against the US dollar on Monday supported by weak American currency and easing crude prices even as the equity market was trading in the negative territory. Forex traders said weak domestic equities, ...
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Three Delaware GNC stores on closing list Nutritional supplement giant GNC will close three stores in Delaware, according to a list provided by AI.com. The listed stores are as follows: Dover Mall, 1365 N. Dupont Highway, Dover; Gateway West Shopping Center, 1030 Forest Ave, Dover; Rockford ...
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Japan's Takeda expects $200 million operating loss related to Novartis' Xiidra withdrawal TOKYO (Reuters) - Takeda Pharmaceutical Co Ltd <4502.T> said on Monday it anticipates an operating loss of about $200 million related to Novartis AG's decision to withdraw a marketing application for the dry-eye drug Xiidra. The drug was one of the ...
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