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Switzerland inks pact with Moderna for early access to firm's Covid vaccine

Switzerland will get 4.5 million doses of the vaccine, enough to vaccinate 2.25 million people if as expected two doses are needed per patient

China says it firmly opposes Trump's orders against TikTok, WeChat

China will defend the legitimate rights and interests of Chinese businesses, foreign ministry spokesman Wang Wenbin said

China's July iron ore imports hit record high on robust demand; up 24%

China's iron ore imports in July surged to a record, up 24% from a year earlier, driven by shipments from miners and resilient demand as the economy bounced back after disruptions from pandemic

Facebook employees get $1,000 for home office, work from home until July

Facebook says the company will continue reopening offices in a restricted capacity where government guidance permits and where virus mitigation has taken place for about two months

BP poised to sell 'stranded assets' even if oil prices rally: Report

Major oil companies typically hold assets for the long term, even when crude prices plunge, with a view to start bringing more marginal production online when market conditions improve

Oil prices slip on uncertainty over US recovery, stimulus, rising Covid-19

WTI and Brent are both set for weekly gains of at least 4%, the most for the two benchmark contracts since the week ending July 3

'Rupture in digital world' as Trump orders ban on TikTok, WeChat in 45 days

Tiktok has come under fire from US lawmakers and the administration over national security concerning data collection

Uber rides take coronavirus hit but food-delivery business doubles

Ride-hailing trips, in the past responsible for nearly two-thirds of Uber's revenue, increased 5 percentage points from their low in April, but gross bookings remained down 75% from last year

Microsoft chasing deal to buy all of TikTok's global business: Report

One person close to ByteDance in India said there was a "deal in the works" with Microsoft for TikTok India but it fell through, according to the report

Covid-19 crisis: Britain pauses on rate, sees unemployment at 2.5 million

BoE says downturn less severe than feared, avoids 'last resort' negative rates

Toyota ekes out weakest Q1 profit in 9 years as pandemic halves car sales

Toyota's operating profit plunged 98 per cent to $131.73 million

Nintendo posts 5-fold profit jump as 'Animal Crossing' sales top 22 million

Nintendo has proved a winner of the pandemic as stuck-at-home gamers flock to titles like "Animal Crossing", which sold 10.6 million units in the first quarter

Global recovery to speed up if Covid-19 vaccine available to all: WHO chief

WHO emergencies director Michael Ryan, asked about a proposed Russian vaccine, told the panel that what was needed now was to ensure any vaccines are safe and effective

AXA CEO confident of XL business after loss in first half due to Covid

AXA bought Bermuda-based XL in 2018 in a $15 billion deal to broaden its range of businesses, but in February this year lowered its 2020 profit guidance

Wall Street opens slightly lower; markets await fresh stimulus package

The Dow Jones Industrial Average fell 30.70 points, or 0.11%, at the open to 27,170.82.

Bombardier reports earnings miss due to high rail costs, Covid-19 crisis

The maker of business jets and trains recorded a $435 million charge in its rail business during the second quarter, mainly related to costs for several late-stage projects in the UK and Germany

Donald Trump to sign 'Buy America' order on medicines, medical equipment

The order will include a "Buy America" provision governing federal purchases of medical supplies and equipment

Vodafone Idea's Q1 loss widens to Rs 25,460 cr on AGR provisioning

The country's third-largest telecom operator by subscribers reported its eighth consecutive quarterly loss of Rs 25,460 crore, compared with a loss of Rs 4,874 crore a year earlier

Nintendo reports five-fold profit jump as Animal Crossing sales top 22 mn

Nintendo sold 56% of its games digitally in the first quarter compared to 38% a year earlier, boosting profit margins

Covid-19: Loss-making Lufthansa forecasts no air travel take-off until 2024

Lufthansa plans to increase short and medium-haul capacity to 55% of prior-year capacity in the fourth quarter