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Oil giant BP plunges into $16.8b quarterly loss
Aug 04, 2020
LONDON — BP plunged into a quarterly net loss of almost $16.85 billion as the coronavirus pandemic ravaged oil demand and prices, triggering huge asset writedowns, the British energy company said on Tuesday.The company responded by cutting its dividend for the first time since the Deepwater Horizon oil rig disaster in 2010 that damaged BP's finance ...
Gold prices hit $2,000 an ounce for the first time
Aug 04, 2020
NEW YORK/ LONDON — Gold prices hit $2,000 an ounce for the first time on Tuesday, the ...
EasyJet upbeat on recovery, encouraged by recent customer demand
Aug 04, 2020
LONDON — EasyJet flew into an expected loss during its third quarter as the coronavir ...
General Motors reports $758m Q2 loss
Jul 29, 2020
NEW YORK — General Motors reported a smaller-than-expected loss on Wednesday as strong pricing for some newer auto models partially mitigate ...
Facebook says EU antitrust probe invades employee privacy
Jul 28, 2020
SAN FRANCISCO — Facebook on Monday said it is asking European Union (EU) courts to review "exceptionally broad" requests by antitrust regula ...
Gazans get first taste of coffee-to-your-door
Jul 27, 2020
RAFAH, Palestinian Territories — With a practiced hand, a courier balances a tray of steaming cups and with the other grips his bicycle hand ...
Gold forges record high as investors seek safety
Jul 27, 2020
LONDON — Gold soared to a record high on Monday as investors rushed into the safe-haven commodity on concerns about heightened China-US tens ...
Ukraine's snail farmers fear collapse over EU lockdowns
Jul 26, 2020
VOYNIVKA, Ukraine — When the first snail farm in Ukraine opened five years ago, local villagers could not hide their curiosity.Residents of ...
Stocks retreat as US-China tensions rise
Jul 25, 2020
NEW YORK — Global equities took a beating on Friday as China-US tensions intensified, while stalled stimulus talks in Washington fuelled fea ...
Twitter gains users, but revenue hit by US unrest
Jul 23, 2020
WASHINGTON — Twitter on Thursday reported soaring user growth in the past quarter even as ad revenues took a hit amid civil unrest in the Un ...
Jobless and desperate: the post-lockdown reality for many
Jul 23, 2020
PARIS — Many workers' lives have been abruptly upended by the coronavirus pandemic, as job losses in tourism, air travel, food and drink or ...
Italian prosecutors seek 8-year prison term for Eni CEO
Jul 22, 2020
ROME — Italian prosecutors said on Tuesday they are seeking an eight-year prison term against the head of oil company Eni, Claudio Descalzi, ...
US existing home sales jump record 20.7% in June
Jul 22, 2020
WASHINGTON — Sales of existing homes jumped a record 20.7 per cent in June, ending three months of coronavirus-driven declines as buyers ret ...

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