Bloomberg
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Mercedes to be ready for car markets going electric-only with $47-bn push
The manufacturer plans to launch three new all-electric vehicle platforms in 2025 and set up eight additional battery factories with partners, it said in a strategy update
 "Mercedes to be ready for car markets going electric-only with $47-bn push")
US weekly jobless claims unexpectedly increased last week to 419,000
Initial jobless claims in regular state programs totaled 419,000 in the week ended July 17, up 51,000 from the prior week, Labor Department data showed Thursday
 "US weekly jobless claims unexpectedly increased last week to 419,000")
EY accused of concealing US health firm's audit fraud from investors
Indian entrepreneur files lawsuit, naming accounting giant as a co-conspirator in the fraud alongside former executives.
 "EY accused of concealing US health firm's audit fraud from investors")
Work from home future fades in Asia as companies seek more office space
The firm surveyed 109 companies across the region from industries including real estate, technology and finance between May and June
 "Work from home future fades in Asia as companies seek more office space")
Taliban now controls half of Afghan districts: US Joint Chief of Staff
He said Taliban insurgents have control of more than 200 district centers -- about half of 419 in the country -- and is putting military pressure on the country's provincial capitals
 "Taliban now controls half of Afghan districts: US Joint Chief of Staff")
US life expectancy in 2020 drops by 1.5 years due to Covid-19 pandemic
The first year of the pandemic delivered a bigger blow to American life expectancy than any year of Vietnam War, AIDS crisis or "deaths of despair" that nudged down life expectancies in mid-2010s
 "US life expectancy in 2020 drops by 1.5 years due to Covid-19 pandemic")
China's 'iPhone city' relocates over 100,000 as floods kill 25
Military blasts dam to divert water threatening heavily populated provinces
 "China's 'iPhone city' relocates over 100,000 as floods kill 25")
Bitcoin extends gain after retaking closely watched $30,000 mark
The largest digital currency rose as much as 3.4 per cent and was holding at about $30,800
 "Bitcoin extends gain after retaking closely watched $30,000 mark")
China's 'iPhone city' relocates 100,000 people after record rain, flood
Zhengzhou, home to the largest iPhone-making plant, 457.5 millimeters of rain fall in the 24 hours through 5 pm on Tuesday, the highest since records began for the city of more than 10 million people
 "China's 'iPhone city' relocates 100,000 people after record rain, flood")
JPMorgan entices CEO Jamie Dimon to stick around with surprise stock award
At 65, Dimon is the only sitting bank CEO who led a major firm through the financial crisis
 "JPMorgan entices CEO Jamie Dimon to stick around with surprise stock award")
Joe Biden Names Tech Foe Jonathan Kanter as DOJ Antitrust Chief
Kanter is the favored candidate of a faction of lawmakers and antitrust experts who say the U.S. economy is plagued by monopoly power across industries
 "Joe Biden Names Tech Foe Jonathan Kanter as DOJ Antitrust Chief")
Adani Group stocks fall for second day on Sebi probe over compliance
Shares of all six listed Adani group companies slipped in early trading Tuesday
 "Adani Group stocks fall for second day on Sebi probe over compliance")
Apple delays office return by at least a month as Covid-19 spikes in US
The iPhone maker becomes one of the first US tech giants to delay plans for a return to normality
 "Apple delays office return by at least a month as Covid-19 spikes in US")
Taiwan to open first Europe office in its name, angers China
The government in Taipei will open its office in the Baltic nation of Lithuania, Taiwan's Foreign Minister Joseph Wu said at a briefing.
 "Taiwan to open first Europe office in its name, angers China")
The world's road fuel demand to peak years earlier than expected
The accelerated time frame comes as global automakers shift toward less-polluting vehicles
 "The world's road fuel demand to peak years earlier than expected")
Oil holds near eight-week low after selloff on delta variant concern
Signs of delta's continued impact on energy abound.
 "Oil holds near eight-week low after selloff on delta variant concern")
Jeff Bezos, crew pull off Blue Origin's first spaceflight with people
The mission caps a landmark month for space-tourism ventures, following by nine days a trip to the heavens by UK billionaire Richard Branson on a special plane made by Virgin Galactic Holdings Inc
 "Jeff Bezos, crew pull off Blue Origin's first spaceflight with people")
Patchy monsoon rain raises growth and inflation worries for India
The monsoon has now revived, but the delay and poor precipitation will hurt the sowing of crops such as rice, cotton and soybeans.
 "Patchy monsoon rain raises growth and inflation worries for India")
Bitcoin slides below $30,000 level for the first time in a month
Some traders had viewed $30,000 as a key support that might open the way to more losses if breached
 "Bitcoin slides below $30,000 level for the first time in a month")
Apple delays office return by at least a month as Covid-19 spikes in US
The iPhone maker becomes one of the first US tech giants to delay plans for a return to normality as Covid-19 persists around the world and cases involving a highly transmissible variant increase
