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Huawei cuts India revenue target by up to 50%, laying off staff: Report

Huawei is now targeting $350-$500 million in revenue for 2020, compared with roughly $700-800 million it was aiming earlier

What's at stake in the battle over US unemployment benefits in Congress?

Unemployment benefits to help laid-off Americans cover their bills as they look for work. They typically cover only a fraction of a worker's prior earnings

US Republicans unveil coronavirus aid plan, face opposition on both sides

Senate Majority Leader Mitch McConnell calls the proposal a 'tailored and targeted' plan focused on getting children back to school and employees back to work

Moderna Covid-19 vaccine could be ready for use by end of year, says US

The trial is the first such late-stage study under the Trump administration's program to speed development of measures against the novel coronavirus

Australian regulator sues Google for misleading about personal data use

Regulator says practice allowed Alphabet Inc unit to link the names and other ways to identify consumers with their behaviour elsewhere on the internet

Moody's downgrades Rolls-Royce's credit rating to junk; outlook negative

Shares in Rolls-Royce, which have already lost almost two-thirds of their value during the pandemic, dropped 5.7% to trade at 253 pence at 0827 GMT, after Moody's statement

China's economy to grow at 2.2% in 2020; weak demand cloud outlook: Reuters

China's economy expanded 3.2% in the second quarter from a year earlier

Europe's retail sector sees major shift as shoppers buy local due to Covid

Half of Britons in a YouGov survey of 1,032 people said they would now feel uncomfortable visiting an enclosed retail space like a shopping mall

China industrial profits rise 11.5% in June, signal economic recovery

After a record slump early in the year, China's economy rebounded more than expected in the second quarter

Huawei to ByteDance: Big tech firms in a spot as China riles US, India

ByteDance could be forced to sell TikTok as Washington considers following India in banning the short video app, which analysts say is worth at least $20 billion.

Moderna gets further $472 mn US award for Covid-19 vaccine development

The drug maker said the additional funding will support its late-stage clinical development including the expanded Phase 3 study of Moderna's vaccine candidate

Alibaba, Jack Ma summoned by Gurugram court on former employee's complaint

The judge seeks written responses from the company and its executives within 30 days

HSBC denies 'framing' Huawei, says it didn't participate in US legal probe

People's Daily, China's state-run newspaper, says HSBC has been 'setting traps' for the company since 2012

Verizon beats estimates on lockdown boost to phone, internet services

Revenue in Verizon's media unit, which includes Yahoo, HuffPost and TechCrunch, declined 24.5% in the second quarter

South Texas calls for evacuations as storm Hanna heads for weekend landfall

Hanna could bring a life-threatening storm surge and flash flooding

Boeing to delay 777X up to a year as demand drops for big jets: Report

Boeing hopes to bring the jet to market as passenger travel rebounds after a downturn caused by the pandemic

Moderna says patent ruling not to affect Covid-19 vaccine development

Moderna shares were up slightly in extended trading, while Arbutus shares closed down 20% on Friday

Donald Trump may nominate his top aide Christopher Liddell to head OECD

The New Zealand-born former businessman handles policy coordination at the White House

Wall Street slides as Intel leads sell-off, earnings and pandemic weigh

For the second day in a row, the tech sector weighed heaviest on all three major US stock averages

Biggest single-day jump of over 284,000 global cases in last 24 hours

Deaths rose by 9,753, the biggest one-day increase since a record high of 9,797 deaths on April 30.