Category Archives: Business

Altria expands sales of heated-cigarette as revenue slides 

Marlboro-maker Altria said Tuesday that cigarette sales continue to decline as it pushes to expand sales of an alternative heated-tobacco product

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McDonald’s global sales suffer as coronavirus lockdowns limit operations 

McDonald’s Corp on Tuesday reported a bigger-than-expected drop in global same-store sales and missed profit expectations, as its restaurants were shut due to the COVID-19 pandemic, limiting operations to only drive-thru and delivery.

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Coronavirus pandemic | PM Modi to join brain-storming session with heads of banks, NBFCs on July 29 

According to an official statement, the prime minister will join stakeholders from banks and NBFCs on Wednesday to discuss and deliberate on vision and roadmap for the future.

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Barclays sexism trial opens UK banking’s can of worms 

Gender inequality and sexism have long been significant features of London’s financial district, the City. A high-profile case at the High Court in the capital highlights what’s at stake.

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1MDB scandal: Najib Razak handed 12-year jail sentence 

Ex-Malaysian PM convicted of all seven charges in first trial linked to multibillion dollar scandal1MDB scandal explained: a tale of Malaysia’s missing billionsMalaysia’s former prime minister Najib Razak has been found guilty of all seven charges in his first trial linked to the multibillion-dollar 1MDB scandal – a landmark conviction that means he now face […]

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Israeli Video Gives Glimpse Of ‘Spiderman’ Urban Assault Drone 

A video from the Israel Defense Forces shows an unusual new type of drone that can clamp on to the side of a building and attach a payload.

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Jaguar Land Rover names ousted Renault boss as CEO 

Jaguar Land Rover has picked ousted Renault boss Thierry Bollore as its next chief executive, with a mission to return Britain’s biggest carmaker to profit after a big hit from the COVID-19 pandemic. Bollore took over at Renault in January 2019 after the fall of Carlos Ghosn, but was always viewed a close to the French carmaker’s long-time boss and was pushe […]

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Pfizer’s October Goal in Vaccine Race Scrutinized by Street 

(Bloomberg) — Wall Street analysts and specialists are weighing the possibility that Pfizer Inc. and BioNTech SE may file their Covid-19 vaccine candidate with regulators by October after the pair said a late-stage Covid-19 vaccine study kicked off on Monday evening.Pfizer rose Tuesday on the announcement with its German partner, just hours after similar ne […]

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Democrats pan Republican plan to slash jobless benefits to $200 as ‘totally inadequate’ 

White House officials and top Democrats negotiating a new aid package as economy continues to reel from coronavirus crisisUnemployment assistance, eviction protections and other relief for millions of Americans struggling in an economy cratered by the coronavirus crisis were at stake as White House officials on Monday began fraught negotiations with top Demo […]

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Goodbye, jeans. The pandemic is ushering in an era of comfort. 

Denim sales have fallen sharply amid the coronavirus crisis, with brands like True Religion and Lucky filing for bankruptcy, and Levi’s revenue tanking.

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SP 500, Dow open lower as Sino-US ties worsen 

The Dow Jones Industrial Average fell 15.84 points, or 0.06 percent, at the open to 26,824.56.

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Stocks shake off US-China tensions, focus on coronavirus vaccine progress 

The U.S. government has reached a $1.95 billion deal with Pfizer and BioNTech for 100 million doses of their experimental COVID-19 vaccine after it receives regulatory approval from the Food and Drug Administration.

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Rich Americans’ homes generate 25% more greenhouse gasses than those less affluent 

An analysis of 93m US homes found that the most energy intensive dwellings are found in Maine, Vermont and WisconsinThe homes of wealthy Americans are major engines of the climate crisis, research has found, with the United States’ most affluent suburbs generating as much as 15 times the greenhouse gas emissions as nearby, poorer districts.An analysis of 93m […]

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Minnesota Reports First Child Death From COVID-19 

The 9-month-old infant was thought to have no underlying health conditions and was not hospitalized.

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Councils could face legal action for closing roads, says group 

The Alliance of British Drivers claims it is in consultation with lawyers regarding the legality of authorities shutting roads, widening cycle lanes and extending footpaths without public consultation.

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