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OAG: The Recovery In Air Travel Demand From Covid-19 — If It Ever Existed - Appears To Be Fizzling Out Continued steady erosion of what the airline industry's leaders thought in May and June was the beginning of a rebound in passenger demand not only is disrupting the travel industry's hopes for the balance of this year but also is signaling increased ...
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Power demand pushes UAE August oil output above OPEC+ quota: sources DUBAI (Reuters) - The United Arab Emirates pumped 2.693 million barrels per day in August, in breach of its OPEC+ quota, after hot weather and people holidaying at home drove associated gas demand for power generation, two sources familiar with the ...
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Dollar set to extend decline as policy outlook favours euro: PIMCO LONDON (Reuters) - The U.S. dollar "is set to decline further" as the Federal Reserve keeps interest rates very low for years, with policy responses now favouring the euro, money managers at PIMCO said on Tuesday. PIMCO's Gene Frieda, Global Strategist, ...
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GLOBAL ECONOMY-Factories shaking off COVID-19 gloom but outlook shaky ... * Euro zone factories remained on a recovery path last month -PMI. * British factory output recovered some ground. * China's private PMI expands at fastest clip in nearly a decade. * Resurgence in COVID infections weigh on outlook, business mood (Adds ...
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US dollar's woes are only beginning, some bears say NEW YORK (Reuters) - There are dollar bears, and then there's Ulf Lindahl. FILE PHOTO: U.S. Dollar and Euro notes are seen in this June 22, 2017 illustration photo. REUTERS/Thomas White/File Photo. The chief investment officer of currency manager A.G. ...
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UPDATE 1-Europe's inflation plunge to raise red flags at ECB ... * Euro zone annual inflation -0.2% in August. * First negative reading since May 2016. * Fall in underlying inflation could prompt more ECB stimulus (Adds detail). By Jan Strupczewski and Balazs Koranyi. BRUSSELS/FRANKFURT, Sept 1 (Reuters) - Euro ...
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Ike Announces First Fleets in Automated Trucking Customer Program SAN FRANCISCO, Sept. 1, 2020 /PRNewswire/ -- Ike, a developer of automated trucking technology (also referred to as "self-driving" or "autonomous" trucking), today announced its "Powered by Ike" customer program, including partnerships with leading ...
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2 Cheap Robinhood Stocks Poised for a Bull Run The stock market has fully recovered its losses from the pandemic, with the S&P 500 up 8% year to date. But despite the wider market gains, several companies in the tourism and food-service industries continue to trade at a discount because of the ...
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India's top court gives telecoms firms 10 years to pay dues to government NEW DELHI (Reuters) - India's top court on Tuesday gave mobile carriers 10 years to pay back dues owed to the federal government, offering some respite for heavily indebted Vodafone Idea Ltd (VODA.NS) whose business has been hit by cut-throat ...
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All Raise Visionary Voices Ensures That Women Are Seen And Heard At Tech Events And In The Media Mountains of research confirms that unlocking innovation requires diversity of thought and diversity of people. Why then, is the progress of female founders still painstakingly slow? Women's insight and experience are not valued, yet women often see market ...
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Siemens Energy plans deeper cost cuts to boost margins FRANKFURT (Reuters) - Siemens Energy, which will be spun off from parent Siemens later this month, raised its savings target on Tuesday in a bid to boost profit margins. The group, which will be listed as a separate entity, is aiming for an adjusted margin on ...
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Geely Auto seeks Shanghai STAR Market listing: filing SHANGHAI (Reuters) - Geely Automobile Holdings Ltd (0175.HK) has applied for a public share sale on Shanghai's Nasdaq-style STAR Market, exchange filings published on Tuesday showed. FILE PHOTO: The logo of Chinese carmaker Geely Auto is ...
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Robinhood Reportedly Under Investigation By SEC, FINRA For March Outage Consumer protection agencies received more than 400 complaints against Robinhood in the first half of 2020, according to records obtained by Bloomberg. Comparatively, the FTC received 126 reports for Charles Schwab, 111 for E-Trade and 69 for Fidelity ...
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Maersk to Cut Jobs in Major Reorganisation COPENHAGEN — Maersk will cut jobs in a major shake-up that will affect a third of the shipping giant's staff as it seeks to integrate its seaborne container and in-land logistics businesses, it said on Tuesday. Maersk, which handles about one in five containers ...
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Germany sees V-shaped recovery from coronavirus shock BERLIN, Sept 1 (Reuters) - The German government sees the economy rebounding quickly from the coronavirus shock, Economy Minister Peter Altmaier said on Tuesday, adding that he did not expect authorities to impose another round of lockdown ...
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Seabourn Cancels More Voyages, Delays Delivery of Newbuild Luxury cruise line Seabourn has canceled more voyages for three cruise ships, with two tentatively set to return to service in January and one on May 11. Seabourn also announced a new delivery date for its purpose-built expedition ship, Seabourn Venture, ...
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Sanofi Says Kevzara Drug Fails as Possible COVID-19 Treatment PARIS — The rheumatoid arthritis drug Kevzara has failed as a COVID-19 treatment, French drugmaker Sanofi said on Tuesday following a similar flop of a Roche product. Sanofi said Kevzara - which it produces with partner Regeneron - had failed as a ...
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What Congress got wrong about calculating the unemployment insurance benefit Jay Zagorsky is a senior lecturer at the Questrom School of Business at Boston University. The opinions expressed in this commentary are his own. Perspectives jay Zagorsky. During the Covid-19 pandemic, Congress gave unemployment insurance ...
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Bayer to Buy Vitamin Company Care/Of for $225 Million Bayer AG agreed to buy online vitamin and health supplement company Care/of as the German drugmaker aims to expand its nutrition business. Bayer is acquiring 70% of the four-year-old business in a transaction that values the company at $225 million, ...
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Does Reliance-Future Group union pose a threat to Avenue Supermarts? MUMBAI: Does the coming together of Reliance Retail and Future Group pose a threat to Avenue Supermarts Ltd? Avenue runs the DMart supermarket chain of stores. The company has proven its execution capabilities and has an enviable financial track ...
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Long term matters: Tales of a chance ESG investor I didn't intend to get a permanent job in 'responsible investment': my pitch for a consulting contract got misfiled in a recruitment folder and the rest really is history. Having held two good jobs in the sector, at USS and Axa Investment Management, I appreciate ...
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OnePlus CEO Pete Lau joins Oppo as senior VP and chief product experience offer: Report OnePlus CEO Pete Lau. (File Photo) NEW DELHI: Pete Lau, CEO and co-founder of Chinese smartphione brand OnePlus has joined Oppo as senior vice president and head of product experience team, GizmoChina reported citing Chinese newspaper ...
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Air cargo traffic stabilises in July as capacity reductions push up utilisation Air cargo traffic was stable in July but demand continues to be constrained by the lack of bellyhold capacity, according to the latest monthly report from IATA. Figures from the airline association show that demand in cargo tonne km terms fell by 13.5% year on ...
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FOREX-Dollar dumped on rate outlook, Aussie looks to RBA ... * Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E. * Dollar continues to suffer on Fed policy shift. * Aussie awaits RBA meeting. * New prime minister in frame for the yen. By Stanley White. TOKYO, Sept 1 (Reuters) - The dollar fell toward multi-year lows ...
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Osamu Masuko, former Mitsubishi Motors chief executive, dies at 71 Osamu Masuko, the former Mitsubishi Motors chief executive who engineered the Japanese automaker's alliance with Nissan, died Aug. 27. He was 71. Mitsubishi Motors Corp. announced that he died of heart ailments. Other details were not immediately ...
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GlaxoSmithKline, Vir Biotechnology begin late-stage testing of experimental Covid-19 therapy GlaxoSmithKline said Monday the first patient was dosed in a late-stage study of a potential Covid-19 therapy it is developing in partnership with San Francisco-based Vir Biotechnology. The new drug candidate, known as VIR-7831, is being developed for the ...
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Rolex goes back to basics with its new Submariner The last time Rolex launched a new Submariner – the storied Swiss marque's classically masculine take on a diving watch – was in 2008, as the world stood on the precipice of that year's financial crisis. Fast forward 12 years and we find ourselves in the midst ...
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Krispy Kreme Is Unleashing 4 Different Pumpkin Spice Donuts for Fall Now that it's officially September, the trickle of premature pumpkin spice-flavored foods and drinks that started in August is about to turn into a bright orange tidal wave. Pumpkin spice lattes, pumpkin spice ice creams, pumpkin beers -- they're all competing to ...
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Airline Pilots Landing At LAX Report "A Guy In Jetpack" Flying Alongside Them On As if 2020 couldn't get any weirder, airline pilots landing at Los Angeles International Airport (LAX) on Sunday, August 30th, reported seeing "a guy in a jetpack" flying about 300 yards off their wing while on final approach to the bustling airport. What makes ...
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Maruti Suzuki reports 21.7% YoY growth in wholesale dispatches for August NEW DELHI: Aided by a quick recovery in demand for entry-level cars, hatchbacks and utility vehicles, Maruti Suzuki India Ltd on Tuesday reported a 21.7% year-on-year (YoY) growth in domestic wholesales for August to 1,15,325 units. The country's largest ...
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American Cruise Lines takes delivery of the Jazz American Cruise Lines has taken delivery of its newest riverboat, the American Jazz, following successful sea trials last week with the U.S. Coast Guard, the company announced Monday. The 190-passenger American Jazz is the third in the company's ...
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Scam warning: Fake puppy sellers are scamming people online What comes to mind when you think of scams? Most people conjure up images of sketchy emails asking for large bank deposits or scam phone calls requesting personal information under the guise of official government business. Scams are just a part of life.
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