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What you need to know about COVID-19: August 13, 2020
Invesco cuts fees for gold ETF as low-costers gain market share
U.S. weekly jobless claims fall below one million; labor market pain far from over
Pompeo says 5G declaration protects Slovenia against authoritarian threats
Pandemic delivers first crisis lessons to Southeast Asia's Grab
Spain says U.S. should waive tariffs on EU goods as wine, olives hit
Lockdown lands domestic abuse on British financial sector radar
Thermo Fisher's Qiagen bid fails after target gets COVID testing boost
(Reuters) - Thermo Fisher has walked away from its takeover deal with Qiagen after the German genetic testing specialist's earnings were boosted by coronavirus diagnostics, leaving its shareholders reluctant to cash out. The U.S. lab equipment ...
Asian shares to pause ahead of China data, U.S. 'altitude sickness'
By Lawrence Delevingne BOSTON (Reuters) - Asian shares were set for a largely flat start on Friday as markets weighed a pause in Wall Street's multi-month stock rebound and awaited the release of Chinese economic data later in the session. Australian ...
Hardened Lebanese merchants battered by Beirut blast
By Michael Georgy BEIRUT (Reuters) - Sleep Comfort survived Lebanon's 15-year civil war. But nothing could have prepared the high-end family furniture business for the Beirut port blast that destroyed swathes of the capital. Employees barely escaped ...
Exclusive: ByteDance censored anti-China content in Indonesia until mid-2020 - sources
By Fanny Potkin SINGAPORE (Reuters) - Chinese tech giant ByteDance censored content it perceived as critical of the Chinese government on its news aggregator app in Indonesia from 2018 to mid-2020, six people with direct knowledge of the matter told ...
TSX edges lower as energy stocks weigh
(Reuters) - Canada's main stock index fell on Thursday, weighed down by energy stocks as crude prices weakened after the International Energy Agency (IEA) cut its 2020 forecast for oil demand due to coronavirus-led travel restrictions.* IEA warned ...
Airlines cut European recovery outlook as pandemic drags on
PARIS (Reuters) - Airlines further lowered their European traffic outlook on Thursday, as persistent travel restrictions and concerns about a second wave of COVID-19 dent recovery prospects for the sector. The warning from the International Air ...
Ex-Hertz CEO settles U.S. SEC charges over incentive pay, restatement
By Jonathan Stempel (Reuters) - A former chief executive of Hertz Global Holdings will pay $2.18 million to settle U.S. Securities and Exchange Commission charges he failed to reimburse incentive-based pay to the rental car company following a ...
London Metal Exchange plans low carbon aluminum platform
By Pratima Desai and Zandi Shabalala LONDON (Reuters) - The London Metal Exchange on Thursday outlined plans to support sustainable metal production with a spot trading platform for low carbon aluminum and a register where producers can voluntarily ...
How a Texas shale supplier's founders made fortunes as the firm failed
By Liz Hampton (Reuters) - On July 7, the board of directors at Texas fracking sand supplier Hi-Crush granted nearly $3 million in bonuses to four top executives, including $1.35 million for CEO and founder Robert Rasmus. Five days later, the company ...
Extend loan repayment freezes until 2021, UK consumer group Which? says
LONDON (Reuters) - Consumer group Which? has called on Britain's Financial Conduct Authority to extend loan repayment holidays and interest-free overdrafts until Jan. 31 to shield millions of households from severe financial distress when the reliefs ...