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WeWork gets new $1.1 billion commitment from SoftBank, cuts cash burn rate

Revenue in the quarter reached $882 million, a 9% increase from a year earlier

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

Amazon to launch online drug sales in Bengaluru to enhance reach

Amazon.com Inc said on Friday it will launch an online pharmacy in India that will serve the city of Bengaluru, the latest move by the e-commerce giant to widen its reach in a key growth market

China pushes First Capital merger in drive to take on Wall Street: Reports

China wants to level the playing field as it opens up its financial markets to foreign players including Goldman Sachs and Morgan Stanley

India-US tensions to hurt China, US and the world: Bureau of Statistics

China will be able to maintain steady economic growth this year although the tensions between China and the United States will negatively impact the two countries and the world

ByteDance censored anti-China content in Indonesia until mid-2020 -sources

BaBe said it disagreed with the claims and that it moderates content according to its community guidelines and in line with Indonesia's local laws

Oil prices head for second weekly gain amid hopes for fuel demand recovery

Brent crude was up 14 cents, or 0.3%, at $45.10, heading for a gain of about 1.6% this week

TikTok deal must benefit US and ensure 'total security,' says Trump

Trump made the remarks after issuing an executive order banning transactions with TikTok's Chinese parent Bytedance

22% of Nepal workforce lost jobs during pandemic, senior banker says

Nepal imposed a nationwide lockdown in March after reporting two confirmed cases of the novel coronavirus

Taiwan to increase defence spending as China details combat drills

China has stepped up its military activity near Taiwan, which it regards as a breakaway province

French unemployment rate hits 37-year low in Q2 2020 as lockdown bites

The jobless rate fell to 7.1%, from 7.8% in the first quarter, dropping to its lowest since the second quarter of 1983, when it stood at 7.0%

Gems, jewellery exports slump 38% to $1.36 bn in July as Covid-19 bites

India's cut and polished diamond exports in July fell 39% from a year ago to $918.4 million, the Gems and Jewellery Export Promotion Council (GJEPC) said in a statement

World needs to spend at least $100 bn on new tools to fight Covid-19: WHO

More than 20.69 million people have been reported to be infected by the novel coronavirus globally and almost 750,000 have died, according to a Reuters tally

US weekly jobless claims fall below 1 mn for the first time in Covid-19 era

President Donald Trump on Saturday signed an executive order, including extending the supplement, though he reduced the weekly payout to $400

High retail inflation in July on food price hike dims chances of rate cut

India's economy is expected to contract more than 4.5% in the current fiscal year, but some analysts do not expect the central bank to cut rates further this year

ByteDance news app censored 'anti-China' content in Indonesia: Report

Articles from partner media outlets that were perceived as critical of the Chinese government would either not be republished on the BaBe app or would be taken down from the app