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Olympus Exits the Camera Business

The camera business, in general, has been shrinking over the past decade, making up 5.5% of revenue for the fiscal year that ended in March and posting operatin...

Donald Trump says China deal 'fully intact' despite Peter Navarro

During a Monday evening appearance on Fox News' The Story with Martha MacCallum, the Trump trade adviser said that China would be a major issue in the 2020 ...

Brazil suspends WhatsApp's new payments system

Brazil central bank issued a statement ordering Visa and Mastercard to suspend a joint project with Whatsapp to roll out digital payments in the app, claimi...

Bayer to pay up to US$10.9 billion to settle Monsanto case

Bayer says a settlement worth more than $10 billion will resolve most of the roughly 125,000 claims the company now faces over its Roundup product. 'It reso...

Japan’s Fugaku tops world’s fastest supercomputer list

ARM processors are simpler and more power-efficient than other types, which is why they're often used in mobile devices where heat and power draw needs to be mi...

‘Historic low’: International Monetary Fund projects India’s economy to contract by 4.5% this year

The IMF issued its bleaker forecasts Wednesday in an update to the World Economic Outlook it released in April . With the gradual pickup in domestic demand...

Trump says China trade deal still on after adviser's remarks

Some media interpreted the comment as meaning the agreement would be scrapped. Based on that alleged misconduct and deception on the part of Beijing, MacCallu...

Oil prices steady amid signs of demand coming back after coronavirus

Brent crude fell 11 cents, or 0.3 per cent, to $42.03 (Sh4,455) a barrel in early trading, while USA crude was at $39.69 (Sh4,207) a barrel, down 14 cents, or ...

US halts test of Trump-touted hydroxychloroquine for COVID-19 patients - International

The U.S. Food and Drug Administration also revoked the emergency use authorization (EUA) that allowed for chloroquine phosphate and hydroxychloroquine used ...

Ambani beats zero net-debt deadline with US$15b Jio flows

Cumulatively until now, Jio Platforms has been able to raise Rs 1,15,693.95 crore from the leading global investors such as Facebook , Silver Lake , Vista ...

Fuel prices are at their lowest since 2016

Petrol price in Delhi reached 79.23 per litre, up from Rs 78.88 on Saturday, while diesel rates rose to Rs 78.27 a litre from Rs 77.67, according to the Indian...

Wirecard's missing billions not in the Philippines, central bank says

On Thursday, Wirecard warned that loans of roughly 2 billion euros ($2.24 billion) could be terminated if its annual report is not published on Friday and it ha...

Treasury, SBA to disclose identities of large PPP borrowers

SBA Administrator Jovita Carranza said in a tweet that the agencies "agreed with bipartisan leaders" of the Senate Committee on Small Business & Entrepreneurs...

PM Modi launches ‘Garib Kalyan Rojgar Abhiyan’

Prime Minister Narendra Modi will launch " Garib Kalyan Rojgar Abhiyaan " today at 11:00 am, aimed to boost livelihood opportunities in rural India. The schoo...

Carnival posts $4.4 bln loss; choppy seas ahead

CLIA member cruise lines will continually evaluate the evolving situation and make a determination as to whether a further extension is necessary. The CLIA ...

Why Is Apple Closing Some Of Its Stores Mere Weeks After Reopening?

Eleven stores in Florida, Arizona, North Carolina and SC have been shut after health officials reported an increase in cases in each state. Apple had plan...

More than 200 new cases of COVID-19, recoveries reported in Ontario

Among the total cases, 79 (10%) have been residents or patients associated with a confirmed institutional outbreak, and among the total deaths, 12 (48%) have be...

Tesla Plans To Build a Second Plant In The U.S.

Tesla Inc is zeroing in on an area in southeast Austin , Texas, for the electric-vehicle maker's second USA auto factory and first pickup plant. They are cons...

Wirecard trouble continues - 1,9 bn Cash missing - CEO steps down immediately

James Freis has been appointed interim CEO, Wirecard said in a short statement Friday. The papers lost on the Friday morning, again nearly half of its value a...

Dow futures fall 300 points after a mixed day on Wall Street

The Nasdaq Composite Index fell 20.57 points, or 0.21 percent, to 9,889.96. All three major averages posted modest weekly gains. For the week the S&P 500 inde...

Ford Bronco July 9 Debut Date Is O.J. Simpson's Birthday

The revival of the iconic crossover series is complete, and it seems like the company will be showing it to the world on July 9, 2020. McElroy said, "I'll mak...

Next-gen Kia Carnival teased ahead of world premiere

Plus, it's expected to be longer, roomier & wider than its predecessor. For the upcoming iteration, the people mover is dubbed as a "Grand Utility Vehicle" by ...

Hertz Seeks Bankruptcy Loan After Scrapping Stock Sale

The unusual green light was given by a bankruptcy court in the U.S. state of DE, which "held a hearing and approved the Motion", according to documents filed ...

American Airlines passenger booted off two flights for refusing to wear mask

Requests for comment were sent to Straka and have yet to be answered. "American Airlines thoroughly reviewed an incident on June 17 involving one of our custo...

Taco Bell Employee Is Fired For ‘Black Lives Matter’ Protective Mask

The woman who is not pictured in the video can be heard saying that he could not enter his place of employment because his mask was "bringing politics into the ...

VW's production ID.4 sports a subtle design in 'leaked' photos

The first of Volkswagen's new generation of ID-badged electric cars destined for sale in the United States has been revealed early. The ID.4 was supposed to b...

3rd-gen Mazda BT-50 pickup goes live

Mazda abandoned the pickup truck partnership with Ford after more than three decades and has turned to Isuzu for the latest-generation BT-50 . "Mazda develop...

Province allowing local school boards to choose model for reopening schools

More regions of Ontario are moving into the second stage of the province's reopening plan today, including parts of the Greater Toronto Area. Still, Ms. Ministe...

USA stock futures fall after a mixed day on Wall Street

Treasury yields were lower ahead of the speeches, with the yield on the benchmark 10-year Treasury note at 1.4917% and the yield on the 30-year Treasury bond al...

COVID-19 crisis hard to cope with, says Buhari

The AU chair on Wednesday addressed the virtual AU meeting with the Forum on China-Africa Cooperation (FOCAC). Uphold multilateralism Stressing that solidari...

Unemployment climbs in virus-hit economy

Mr Morrison said he had never dealt with a more complex policy issue than the question of whether it was better to keep people attached via wage subsidies to em...

Trump threatens protesters as Tulsa braces for rally

The comments come as Mr Trump serves as president for a nation whose population continues to protest police violence and systematic racism after George Floyd...

Germany advises European Union to prepare for potential no-deal Brexit

According to reports, President of the European Commission Ursula Von Der Leyen could be set to convince her counterparts in Brussels, to accept a so-called b...

Oil tops $42 as OPEC+ laggards pledge better compliance

Brent crude futures were down 8 cents, or 0.25%, at $40.60 a barrel. Short-term Brent swaps in the North Sea market, contracts for differences, have also move...

More stimulus expected as United Kingdom inflation drops to 4-year low

It's hoped the bailout package will help the economy recover from the devastating effects of nearly three months in lockdown due to the coronavirus pandemic. "T...