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Jeff Bezos sells 1 mn Amazon shares worth $3.1 bn after fortune surges

The disposals, disclosed Wednesday in Securities and Exchange Commission filings, adds to a $4.1 billion sale earlier this year

As UK eases lockdown, services activity expands at fastest pace in 5 years

IHS Markit's Purchasing Managers' Index rose to 56.5 last month, up from 47.1 in June

Tencent driving talks to create $10 billion streaming giant in China

The Chinese social media titan -- which owns a 37 per cent stake in Huya and 38 per cent of DouYu -- has been discussing such a merger with the duo over the past few months

Probe into Google-Fitbit $2.1 bn deal shows EU wising up to data value

The EU authority will investigate how Google could bolster its 'data advantage' in online advertising with information it collects from Fitbit fitness

Richard Branson's Virgin Atlantic Airways faces crunch vote in 3 weeks

Meetings of four creditor groups will be held on August 25 after the company began a legal process in the UK seeking to stop any holdouts from blocking the package

China's growing assertiveness has become a concern for its partners, too

Russia doesn't feel threatened itself, because right now China can ill-afford to alienate a neighbour that's an important military and resource power in its own right

McDonald's revenue falls 30% as Covid-19 lockdown limits operations

Restaurants across the world were shut because of the pandemic, limiting operati­ons to only drive-thru and delivery

Google's new subsea cable to link US, United Kingdom and Spain

The cable, named Grace Hopper after the computer scientist, will also connect to Spain, becoming the first Google fiber line to land there, the company said in a statement

MFs may witness first monthly net outflows in more than four years

The contraction in fund flows are a cautionary tale for stock market that's looked past some dire economic projections and climbing virus numbers to jump more than 40% from its March low

GOP rolls out $1-trillion relief plan amid coronavirus pandemic

The package was pulled together after days of negotiations between Senate Republicans and President Donald Trump's emissaries that didn't completely settle differences within the GOP

Former Malaysian PM Najib Razak gets 12-year jail term in 1MDB case

Najib Razak was found guilty of corruption, money laundering; fined $50 million

Pfizer and BioNTech start late-stage study of lead Covid-19 shot

The move pushes the New York-based pharmaceutical giant and its German partner closer to bringing a vaccine to market, and places them alongside frontrunners like Moderna Inc

AstraZeneca agrees to pay Japan's Daiichi $6 bn for new cancer drug

The UK drugmaker will pay Japan's Daiichi $1 billion upfront to jointly develop and bring to market a cancer therapy in early clinical tests called DS-1062, the companies said

American flag lowered at US consulate in Chengdu as relations deteriorate

Earlier, US government forced their Chinese counterparts out of their mission in Houston

Muthoot Finance may get added to MSCI India Index soon: Analysts

Shares of India's largest cash-for-gold lender have surged 71 per cent this year, the third-biggest gain on a gauge of the nation's top 200 firms

China orders closure of US consulate in Chengdu, retaliating for Houston

The Chinese Ministry of Foreign Affairs said on Friday that the consulate's closure was a "legitimate and necessary response to the unjustified act by the US

'Home-run quarter' for Tesla; stock extends gains, gets upgraded

The company reinstated its original delivery target of 500,000 units in financial year 2020 and reported its fourth consecutive profit.

RBI seeks internal car loan investigation details from HDFC bank

The RBI is also seeking information on steps taken by HDFC Bank to remedy any issues identified during the investigation, the people added, asking not to be named.

Jeff Bezos adds record $13 billion in single day to his fortune

Amazon.com. shares surged 7.9 per cent, the most since December 2018 on rising optimism about web shopping trends, and are now up 73 per cent this year.

Covid-19 crisis: Russian elite got access to experimental vaccine

The Gamaleya vaccine, financed by the state-run Russian Direct Investment Fund and backed by the Defense Ministry, last week completed a phase 1 trial involving military personnel.