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Samsung likely to post 35% surge in Q3 profit as smartphone sales recover

Last year Samsung's chip business accounted for roughly half of its profit

Oil prices slide as Trump cancels aid talks, US crude stocks expand

US West Texas Intermediate crude oil futures fell 87 cents, or 2.1%, to $39.80 a barrel by 0104 GMT while Brent crude futures fell by 74 cents, or 1.7%, to $41.91 a barrel

Tesla's quarterly report could land Elon Musk another $3 billion

Each tranche gives Musk the option to buy 8.44 million Tesla shares at $70 each, about a sixth of their current price

Covid and no-deal Brexit could cost UK $174 billion a year: Baker McKenzie

Prime Minister Boris Johnson has set Oct. 15 as a deadline for clinching a post-Brexit trade deal which would kick in when the United Kingdom leaves informal EU membership at the end of this year

EU health regulator reviewing Pfizer-BioNTech Covid-19 vaccine in real time

The announcement by the European Medicines Agency (EMA) could speed up the process of approving a successful vaccine in the bloc

Afghan-Taliban peace deal: Mediators set rules to safeguard talks

The breakthrough was achieved with the help of US officials, as the two sides drew up 19 ground rules that their negotiators should observe during talks, the sources said

Donald Trump calls off US coronavirus relief talks with Democrats

In recent days, financial markets were hopeful progress toward a Covid-19 vaccine and another round of economic stimulus from Congress would boost the US economy

Wall Street ends lower after Trump calls off coronavirus relief talks

Stocks were higher before the remarks, but reversed course after Trump made the comments on Twitter

Daimler to cut fixed costs, capex over 20% by 2025; take Mercedes upmarket

The move will see Mercedes-Benz, currently the world's top selling premium car brand, turn its back on a decades-old strategy of chasing sales volume to focus on the industry's most profitable segment

Boeing slashes 20-year forecast for jet demand due to coronavirus

Boeing, also for the first time, lifted the lid on the first half of the 20-year period, showing steep declines for the coming decade on the heels of the COVID-19 crisis

Apple announces 'speed' event on October 13, new iPhones expected

Apple hinted at new, faster networking capabilities in the invitation for the event, which read: "Hi, Speed."

Warner Bros delays 'Dune', 'The Batman' movies amid Covid-19 pandemic

Movie studios have delayed releasing tentpole projects even after restrictions were eased, as people remain wary of stepping into cinema halls and many theaters still remain closed

Penrose, Genzel and Ghez win Nobel Physics Prize for black hole research

Penrose, professor at the University of Oxford, won half the prize for his work using mathematics to prove that black holes are a direct consequence of the general theory of relativity

US job openings decline in August, fewer workers quit, shows data

The number of people voluntarily quitting their jobs fell by 139,000 to 2.79 million.

Covid-19 crisis: Canada's exports, imports fall 1% in August, shows data

Statscan revised July's trade deficit to C$2.53 billion from an initial C$2.45 billion.

Spain sees worse-than-feared economic dip in 2020 amid Covid-19 pandemic

Spain is experiencing a second wave of Covid-19 infections, with the highest caseload in Western Europe.

Covid-19: S&P Global sees US, European corporate default rates doubling

S&P predicted U.S. corporate default rates would rise to 12.5% from 6.2% and saw Europe's rate going to 8.5% from 3.8%.

Covid-19 vaccine may be ready by year-end, says WHO's Tedros Adhanom

We will need vaccines and there is hope that by the end of this year we may have a vaccine. There is hope, said WHO Director-General

US trade deficit jumps to largest in 14 years in August as imports grow

The US trade deficit surged in August to the largest in 14 years with imports climbing again, suggesting that trade could be a drag on economic growth in the third quarter

AMC Entertainment to keep most theaters open as movies line up for Oct, Nov

AMC Entertainment said on Tuesday most of its theaters in the United States and Europe would remain open, with several movie releases lined up for October and November.