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Updated: 4 years 29 weeks ago
Delta to retire Boeing 777 aircraft fleet
Delta Air Lines said on Thursday it would retire Boeing Co's wide-body 777 aircraft from its fleet and remove them from service by the end of 2020.
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Nvidia turns to driver-assistance market as robo-taxis stall
Nvidia Corp, whose semiconductors power data centers, autonomous cars and robots, said on Thursday it plans to enter the market for technology that helps cars with automated lane-keeping, cruise control and other driver-assistance features.
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Renault to discontinue iconic models as carmaker cuts costs: sources
Renault is preparing to substantially trim down its vehicle range, withdrawing well-known but ailing models like the Espace minivans, as part of looming cost cutting plans, four sources in the industry and close to the French carmaker said.
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Stocks drop for third day as recovery hopes falter
World stock markets fell for a third day running on Thursday after a sobering warning from the World Health Organization that the coronavirus may never go away and signals that top central banks may have hit the bottom with interest rates.
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Futures fall on fears of prolonged economic downturn
Wall Street's main indexes were set to extend declines on Thursday, following two prior sessions of losses, as investors worried the current economic downturn might be here for longer than initially presumed.
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Zoom to expand in U.S. with engineering centers in Phoenix, Pittsburgh
Zoom Video Communications Inc said Thursday it plans to hire 500 software engineers for research and development locations in Phoenix and Pittsburgh over the next two years, expanding its engineering workforce by about 60%.
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Deutsche Boerse says acquisitions to play major role in strategy
Acquisitions will play a "major role" in Deutsche Boerse's strategy update later this year, the chief of the stock exchange said.
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Millions more Americans file for jobless benefits as coronavirus layoffs widen
The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans, including white collar workers, filing for unemployment benefits last week as the hit from the pandemic spills over into a broader swath of the economy.
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How Tesla tapped a tiny Canadian lab for battery breakthroughs
Tesla Inc is a leader in electric vehicle battery technology, but the company doesn't do all its own research.
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Coronavirus crisis a window of opportunity for bankers to the rich
When markets slumped in March as the spread of coronavirus gathered pace, wealth managers' trading volumes soared as ultra rich clients reshuffled their portfolios.
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Thyssenkrupp, union call for further consolidation in warship sector
Thyssenkrupp and Germany's largest union IG Metall on Thursday called for further consolidation of the country's warship sector, saying a tie-up of rivals Luerssen and German Naval Yards (GNYK) did not go far enough.
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Fiat Chrysler/Peugeot deal in spotlight after Exor setbacks
Fiat Chrysler's decision to scrap its dividend marks another setback for plans by the Agnelli family's Exor arm to raise cash after a $9 billion sale of its reinsurer unit PartnerRe collapsed this week.
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IAG's Walsh says Britain is throttling a travel recovery
Britain's quarantine plans and a minister's comment that big foreign holidays were unlikely this year are seriously hindering any travel recovery, said Willie Walsh the boss of British Airways parent company IAG .
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Temperature checks, masks the new normal for air travel, says Dubai airport CEO
Temperature screening and face masks will become common sights at airports to mitigate the spread of the new coronavirus but physical distancing could make flying more expensive, the head of Dubai airport said.
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Futures dip on fears of prolonged economic downturn
U.S. stock index futures edged lower on Thursday following two sessions of sharp declines, as investors worried that the current economic downturn maybe be here for longer than initially presumed.
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Trump says he's very disappointed in China-Fox Business Network
U.S. President Donald Trump on Thursday said he was very disappointed in China after the novel coronavirus broke out soon after the two countries agreed on a Phase 1 trade deal.
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Tesla starts building Long Range Model 3 cars at China plant
U.S. electric vehicle maker Tesla Inc said on Thursday it had started producing Long Range Model 3 vehicles in its Shanghai factory and aimed to deliver them to customers soon.
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BMW CEO sees 'very slow' U.S. recovery after corona rebound in China
BMW on Thursday said China sales of luxury passenger cars rebounded in April but the German premium car and motorbike manufacturer cautioned that other markets including the United States will be "very slow" to recover from the corona pandemic.
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U.S. weekly jobless benefits to stay elevated as coronavirus layoffs widen
The global novel coronavirus crisis continues to batter the U.S. labor market, with millions more Americans, including white collar workers, expected to have filed for unemployment benefits last week as the hit from the pandemic spills over into a broader swath of the economy.
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Merck KGaA says profit could slip as fertility treatments shunned
Merck KGaA said a slight decline in operating earnings was on the cards this year as the coronavirus pandemic weighs on demand for chemicals in TV screens and is putting couples off seeking the German group's fertility treatments.
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