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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.

Covid-19: Boris Johnson accepts he could have done things differently

He has pledged to hold an inquiry into his handling of the coronavirus crisis but not yet.

Bank NPAs could hit nearly 15% by March 2021 in worst-case scenario: Report

Indian banks have been battling rising bad loans for years but managed to get gross NPAs down to 8.5% in March, compared to 9.3% in September 2019

Cipla gets DCGI approval to sell Covid-19 drug favipiravir in India

Cipla said it would launch favipiravir as "Ciplenza" in the first week of August, priced at 68 Indian rupees (91 cents) per 200 mg tablet

BPCL plans to restart 200,000 bpd Kochi refinery unit by end-July

The shutdown of the crude unit and some secondary units at Kochi started earlier this month

American Express profit tumbles 85% as pandemic-related defaults loom

Shares were down about 1% before the bell, even as the group managed to eke out a small profit rather than report a loss as expected by analysts

China's Covid-19 vaccine candidate shows some promise in animal tests

It is the second potential Covid-19 vaccine that China's military-backed research unit has moved into clinical trials

Oil edges higher on weaker dollar, but demand threats from US China tension

Brent crude rose by 6 cents, or 0.1 per cent, to $43.37 a barrel by 0634 GMT, and US West Texas Intermediate (WTI) crude rose by 1 cent to $41.08

Gold poised for best week in over 3 months on soft dollar, stimulus bets

Prices have risen more than 4% this week, putting gold on course for its longest winning streak since late 2011

China shares lead Asian retreat on Sino-US tensions, euro holds near highs

For once, currencies had dominated trading as a deal on a European Union recovery plan shot the euro to its highest since late 2018

Americans want more federal relief for businesses impacted by Covid: Poll

The poll, conducted between July 15-21, comes as Congress is working toward another round of relief to support an economy thrown into its deepest recession

US weekly jobless claims unexpectedly rise as labour market takes step back

Initial claims for state unemployment benefits increased 109,000 to a seasonally adjusted 1.416 million for the week ended July 18.

Twitter shares rise 4% on highest-ever yearly growth in daily users

Twitter's average monetisable daily active users (mDAU) increased 34 per cent year over year to 186 million

Amazon in talks to pick up 9.9% stake in Reliance retail arm: Report

Amazon wants a preferred, strategic stake in Reliance Retail for JioMart