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Iraq pledges to deepen oil output cuts in Aug, Sept by 400,000 barrels/day

Iraq said on Friday it would cut its oil production by another 400,000 barrels per day in both August and September to compensate for its overproduction in the past three months.

Alibaba next? After TikTok, Trump looking at pressuring other Chinese firms

Trump has been piling pressure on Chinese-owned companies, such as by vowing to ban short-video app TikTok from the United States

UAE, Israel cos sign strategic commercial deal to work on Covid-related R&D

The deal 'is considered the first business to inaugurate trade, economy and effective partnerships between the Emirati and Israeli business sectors'

UPS, FedEx warn they cannot carry ballots like US Postal Service: Report

Trump opposed providing funds for the struggling Postal Service for mail voting, which is expected to surge to 50% as the coronavirus pandemic rages ahead of the Nov 3 presidential election

China ramps up US oil purchases ahead of trade deal review: Report

China had emerged as a top U.S. crude buyer, taking $5.42 billion worth in 2018 before trade tensions brought flows to a near halt

US seizes four Iranian fuel shipments to Venezuela, confiscates cargo

Tensions between Iran and the United States increased last year following a series of incidents involving shipping in and near the Middle East Gulf

US evidence 'unreliable' in Meng Wanzhou extradition case: Huawei lawyers

Meng, 48, was arrested in December 2018 on a warrant from the United States which alleges that she misled the bank HSBC about Huawei's business dealings in Iran

Trump orders ByteDance to divest interest in US TikTok ops within 90 days

Trump's latest move comes on top of an executive order he issued last week that would prohibit certain transactions with TikTok unless ByteDance divests it within 45 days

Fortnite creator sues Apple and Google after ban from app stores

Apple and Google cited a direct payment feature rolled out on the Fortnite app earlier on Thursday as the violation

US seizes four Iranian fuel cargoes bound for Venezuela; Tehran denies

Officials in Tehran maintained no Iranian ship or gasoline cargo has been seized

Blow to WHO? EU clinches first Covid-19 vaccine deal with AstraZeneca

The EU move could complicate efforts led by the WHO and GAVI, a global alliance for vaccines, to buy shots on behalf of rich and developing countries with a separate scheme

Britain lines up more potential Covid-19 vaccines with J&J, Novavax deals

Britain and the United States are in the lead with six vaccine deals with drugmakers each, as companies and governments worldwide work overtime to find a vaccine against the pandemic disease

Oil slips below $45 on rising supply, demand doubts due to Covid-19

Two prominent forecasters, the International Energy Agency and the Organization of the Petroleum Exporting Countries, trimmed their 2020 oil demand forecasts this week

Chinese firms feel the pinch of India's new import regulations: Report

The most serious border tension in decades between the two countries has already hurt their economic ties and Indian officials expect the damage to get worse

Airlines unhappy over UK reimposing quarantine on France, Netherlands

European airline shares tumbled on deepening concerns that the weaker than hoped travel recovery could yet stall or be reversed by new outbreaks and restrictions

Rent-to-riches: Chinese landlords now face the brunt of flailing economy

Amid the strain wrought on China's services and manufacturing sectors by the spread of Covid-19 earlier this year, first to be laid off were migrant labourers, prime takers of small rental apartments

Flipkart eyes alcohol delivery market with Diageo-backed startup: Report

West Bengal and Odisha governments have said that Flipkart can be associated as a technology service provider of Diageo -backed HipBar, an Indian alcohol home delivery mobile app

European Union, AstraZeneca agree bloc's first Covid-19 vaccine deal

The European Commission said on Friday it had reached a deal with British pharmaceutical firm AstraZeneca for the purchase of at least 300 million doses of its potential COVID-19 vaccine.

July palm oil imports rise to a 10-month high at 824,078 tonnes: Trade body

The country's soyoil imports in July surged 52 per cent from a year ago to 484,525 tonnes

Novavax to deliver 60 mn Covid-19 vaccine doses to UK for phase 3 trial

The trial will be a study in about 9,000 adults between 18 years and 85 years of age