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AirAsia shares plunge after Airbus bribery allegations

AirAsia shares plunge after Airbus bribery allegations

The low-priced carrier also highlighted that each aircraft purchase agreement was made after the collective decision of its board members, post taking into account technical specifications, aircraft f...

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First Treatment for Peanut Allergy Approved by FDA

First Treatment for Peanut Allergy Approved by FDA

While the drug wont cure the allergy, it will reduce the severity of an allergic reaction to peanuts. Physical symptoms can develop within seconds of exposure and may include skin reactions (e.g., h...

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Manufacturing PMI signals revival, hits 8-year high of 55.3 in January

Manufacturing PMI signals revival, hits 8-year high of 55.3 in January

The seasonally adjusted IHS Markit/CIPS UK Manufacturing Purchasing Managers' Index (PMI) was revised higher to 50.0 in January versus 49.8 expected and a nine-month high of 49.8 - January's first rea...

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DHS: Enhanced Screening for US Citizens Who've Been to China

American Airlines Inc said yesterday that United States passengers are encouraged to "arrive at the airport three hours earlier, as we believe this additional check will extend the normal check-in p...

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2829 new cases of coronavirus in China, 57 new deaths

Chinese data on the numbers of infections and deaths suggests the new coronavirus is less deadly than the 2002-03 outbreak of Severe Acute Respiratory Syndrome (SARS), which killed almost 800 pe...

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Tax relief in Budget a 'lollipop', says NCP's Majeed Memon

Tax relief in Budget a 'lollipop', says NCP's Majeed Memon

Mody said it was thought by the government that when the money is in the hands of taxpayers, they will be better judge as to what tax saving instrument would they like to put their money in rather tha...

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Daimler Officially Ends the Production of the Mercedes-Benz X-Class

Daimler Officially Ends the Production of the Mercedes-Benz X-Class

Mercedes-Benz has been exploring the idea of introducing a pickup in the United States, where they are more popular than anywhere, but the X-Class didn't fit the bill due to America's unique safety ...

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China to inject US$174 billion of liquidity as markets reopen

China to inject US$174 billion of liquidity as markets reopen

China's central bank said on Sunday it will inject 1.2 trillion yuan (about 174 billion USA dollars) in liquidity via reverse repo on February 3, in order to maintain ample liquidity amid the corona...

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Bitcoin (BTC) Emoji Introduced by Twitter - Another Major Public Acknowledgement?

Bitcoin (BTC) Emoji Introduced by Twitter - Another Major Public Acknowledgement?

Twitter co-founder and CEO Jack Dorsey tweeted the newly added Bitcoin ( BTC ) emoji on February 2 and tagged Unicode, the consortium managing the character standard, in an apparent suggestion to do t...

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Budget 2020: Non-taxpaying NRIs to be taxed in India, says FM

At present, if an Indian or a person of Indian origin managed his stay in India such that he remained a non-resident in perpetuity, he was not liable to pay tax on his global income in India. "Someb...

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Ola to start London operations from Feb 10

Ola to start London operations from Feb 10

The ride hailing app firm's application for a new London operating licence was rejected by TfL in November past year due to safety concerns. Uber's lisence was stripped off after authorities f...

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Bank of England halo leaves pound rising on Brexit day

Bank of England halo leaves pound rising on Brexit day

But Carney said earlier this month a case could be made for a precautionary cut. So it's an unusually uncertain rate decision. He added that survey data suggested United Kingdom growth will improve. W...

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WeWork to name real estate veteran Sandeep Mathrani its new CEO

WeWork to name real estate veteran Sandeep Mathrani its new CEO

Mathrani will join the company as the CEO from February 18, 2020 and will report to Marcelo Claure, who will remain as executive chairman, the company said in a statement. Mathrani will bring much-nee...

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Caterpillar's 2020 outlook adds more gloom to virus-shaken markets

Caterpillar's 2020 outlook adds more gloom to virus-shaken markets

Caterpillar Inc.'s 2020 profit outlook trailed analysts' estimates, with "further economic uncertainty" expected to pressure sales, adding further gloom to global markets already reeling from the cor...

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Seventh and eighth coronavirus cases confirmed in MA and California

Seventh and eighth coronavirus cases confirmed in MA and California

Mr Morrison said Australia's chief medical officers had recommended denying entry to Australia for people who have left or transited through mainland China from February 1. The patient, a man in his 2...

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LIC stake to be sold

LIC stake to be sold

She said that the deposit insurance cover will be hiked to Rs. 5 lakh from the current Rs. 1 lakh. This is a huge jump in the budget estimate for 2020/21 given the government has to revise downward it...

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Shell slows buybacks as low oil prices take a toll

Shell slows buybacks as low oil prices take a toll

The number of years of production left in Royal Dutch Shell's oil and gas reserves fell for the sixth year in a row in 2019 to below eight. USA energy giants Exxon Mobil Corp. Gearing levels are o...

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Norton Motorcycles bankrupt, needs new owner

Norton Motorcycles bankrupt, needs new owner

Things are not working for Norton for some time now, the last published set of accounts for the year-end March 31, 2018, revealed pre-tax profits of just £33,701 and liabilities to the tune of £3,384,...

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George Soros: Zuckerberg "should not be left in control of Facebook"

Lest one think he's merely referring to users who circulate viral hoaxes, the iron-fisted philanthropist made it clear he had set his sights on Section 230, the now-well-known United States law that p...

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'All-China flights ban may not be well-received by tourism players'

'All-China flights ban may not be well-received by tourism players'

China criticized the US controls, which it said contradicted the WHO's appeal to avoid travel bans, and "unfriendly comments" that Beijing was failing to cooperate. Vietnam suspended all flights fro...

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2.1% GDP Report Offers Support for Bulls and Bears Alike

2.1% GDP Report Offers Support for Bulls and Bears Alike

The government's snapshot of the economy toward the end of past year offers a glimpse of what's in store for 2020. Though growth in consumer spending, which accounts for more than two-thirds of US...

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CBA invests another $200m to fund Klarna's entry into Australia

CBA invests another $200m to fund Klarna's entry into Australia

In August past year, Klarna raised $460 million in an equity funding round, including a $100 million investment from CBA. CBA had previously invested $100 million in Klarna, and the new investment r...

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Brexit: Britain formally leaves European Union as clock chimes 11 p.m.

Brexit: Britain formally leaves European Union as clock chimes 11 p.m.

It will be the first country to ever leave the bloc. On Friday, he symbolically held a Cabinet meeting in the pro-Brexit town of Sunderland in northeast England, rather than in London. A binding refer...

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GMC Hummer EV truck coming with 11,500 pound-feet of torque

GMC Hummer EV truck coming with 11,500 pound-feet of torque

General Motors will make some noise in bringing it back, kicking the marketing campaign off with a 30-second Super Bowl ad entitled "Quiet Revolution", to air during the second quarter of the game on...

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Countdown to Brexit as United Kingdom set to part ways with EU

Thousands of enthusiastic Brexit supporters gathered outside Britain's Parliament to welcome the moment they'd longed for since Britain's 52 percent-48 percent vote in June 2016 to walk away from th...

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Exxon profit slips in the fourth quarter on weak margins

Exxon profit slips in the fourth quarter on weak margins

The shares were sold at an average price of $119.68, for a total value of $933,504.00. Shares of NYSE XOM opened at $64.74 on Tuesday. Exxon said the estimated recoverable resources offshore Guy...

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Wall Street opens in red as coronavirus headlines continue to dominate

Wall Street opens in red as coronavirus headlines continue to dominate

The broader S&P 500 index is on track for its second weekly loss and its biggest weekly decline since early August. KEEPING SCORE: The S&P 500 index fell 1.9% as of 3:27 p.m. The S&P 500 had been of...

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Lyft plans restructuring, job cuts

Lyft plans restructuring, job cuts

Lyft plans to hire more than 1,000 employees this year, the spokeswoman added, without providing further details. Lyft has been under pressure along with industry Uber to show a path to profitabil...

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Strong earnings reports send stocks higher on Wall Street

Strong earnings reports send stocks higher on Wall Street

It said it was not recommending limiting trade or travel to China. That set the market up for a pullback, and investors' jitters over the virus outbreak centred on the central Chinese city of Wuha...

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Brexit Day: Good or bad? I Inside Story

After four decades as a member of a powerful trading bloc, Britain is striking out on its own. He said his compatriots would never forget how much they owe Britain, adding that while British people wi...

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