Business

FILE PHOTO: Markus Duesmann, board member of German luxury carmaker BMW attends the company’s annual news conference in Munich, Germany, March 21, 2018. REUTERS/Michael Dalder MUNICH (Reuters) – Markus Duesmann, the head of Audi (NSUG.DE), will also head the research and development division at German carmaker Volkswagen’s (VOWG_p.DE) premium brand, two sources told Reuters on
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NEW YORK (Reuters) – The S&P 500 closed lower on Wednesday as news of spiking pandemic data and the prospect of a new round of economic lockdowns dampened investor optimism over signs of economic recovery. FILE PHOTO: Traders exit the 11 Wall St. door of the New York Stock Exchange (NYSE) in New York City,
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FILE PHOTO: A woman wearing a protective face mask walks past a logo of HSBC bank at the financial and business district of La Defense near Paris as France begun a gradual end to a nationwide lockdown due to the coronavirus disease (COVID-19), May 11, 2020. REUTERS/Gonzalo Fuentes LONDON (Reuters) – HSBC (HSBA.L) is resuming
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WASHINGTON (Reuters) – U.S. business inventories fell more than expected in April as the COVID-19 crisis depressed imports, suggesting inventory investment could again be a drag on economic output in the second quarter. FILE PHOTO: A cyclist rides through the nearly empty financial district amid the coronavirus disease (COVID-19) outbreak, in Boston, Massachusetts, U.S., May
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(Reuters) – State investigators in both California and Washington are examining Amazon’s business practices, two newspapers reported, citing people familiar with the matter. FILE PHOTO: The logo of Amazon is seen in Lauwin-Planque, northern France, April 22, 2020. REUTERS/Pascal Rossignol The inquiries focus at least in part on how Amazon treats sellers in its online
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WASHINGTON (Reuters) – The Federal Reserve completes its latest policy meeting on Wednesday with attention turning from its massive response to the coronavirus pandemic and toward its still-developing plans to strengthen and lengthen a nascent economic recovery. FILE PHOTO: U.S. Federal Reserve Chairman Jerome Powell speaks to reporters after the Federal Reserve cut interest rates in an
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LONDON/WASHINGTON (Reuters) – A little-known Indian IT firm offered its hacking services to help clients spy on more than 10,000 email accounts over a period of seven years. Sumit Gupta, owner and director of cybersecurity firm BellTroX InfoTech Services, walks outside his office in New Delhi, India, June 8, 2020. REUTERS/Alasdair Pal Delhi-based BellTroX InfoTech
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WASHINGTON (Reuters) – The U.S. units of China Telecom Corp’s (0728.HK) and China Unicom (0762.HK) urged the Federal Communications Commission (FCC) not to revoke the company’s nearly two-decade old authorization to provide international telecommunications services to and from the United States. FILE PHOTO: The Federal Communications Commission (FCC) logo is seen before the FCC Net
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FILE PHOTO: BP’s new Chief Executive Bernard Looney speaks during a Q&A in central London, Britain February 12, 2020. REUTERS/Toby Melville LONDON (Reuters) – BP (BP.L) plans to cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney’s plan to shift the oil and gas
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FILE PHOTO: Mexico’s Deputy Foreign Minister for North America, Jesus Sead reacts during the delivery of the United States-Mexico-Canada Agreement (USMCA) deal, at the Senate building in Mexico City, Mexico May 30, 2019. REUTERS/Henry Romero MEXICO CITY (Reuters) – Mexico is set to propose senior trade official Jesus Seade, who helped rework the North American
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