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Updated: 4 years 29 weeks ago
Exclusive: U.S. drafts rule to allow Huawei and U.S. firms to work together on 5G standards - sources
The U.S. Department of Commerce is close to signing off on a new rule that would allow U.S. companies to work with China's Huawei Technologies on setting standards for next generation 5G networks, people familiar with the matter said.
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Tesla aims to restart Fremont plant on Friday
Tesla Inc is aiming to restart production in its U.S. car plant in Fremont, California on Friday afternoon, according to an email sent by Chief Executive Officer Elon Musk to staff.
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U.S. joblessness slams Latinos, less educated with brutal force
The U.S. economy's record run of job growth and historically low unemployment has been stopped in its tracks by the fight against the coronavirus pandemic: joblessness hit 14.7% in April, and even if it starts to fall in coming weeks there will be scars.
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Instant view: Coronavirus ravaged U.S. payrolls in April, 20.5 mln jobs lost
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
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Coronavirus deals U.S. job losses of 20.5 million, historic unemployment rate in April
The U.S. economy lost a staggering 20.5 million jobs in April, the steepest plunge in payrolls since the Great Depression and the starkest sign yet of how the novel coronavirus pandemic is battering the world's biggest economy.
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Wall Street gains on easing U.S.-China tensions, jobs report
U.S. stocks jumped at the open on Friday as an easing in U.S.-China friction added to optimism from data showing the U.S. economy lost fewer jobs in April than feared due to the coronavirus crisis.
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Take Five: Trade War II
China's exports rebound has been quickly overshadowed by dire predictions of Trade War II between the world's two biggest economies.
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Turkey charges seven people over Ghosn escape: lawyer
Turkish prosecutors have prepared an indictment charging seven people, including four pilots, over former Nissan boss Carlos Ghosn's escape via Istanbul to Lebanon after fleeing Japan, a lawyer for one of the suspects said on Friday.
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Lufthansa to start flying 80 more aircraft in June to meet travel demand
German flagship carrier Lufthansa on Friday said it would start flying 80 more of its aircraft again in June, including to serve tourism destinations after the company grounded much of its vast fleet due to the coronavirus pandemic.
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Futures climb as U.S.-China tensions ease
U.S. stock index futures jumped about 1% on Friday as signs of an easing in U.S.-China friction boosted sentiment ahead of a closely watched jobs report that is likely to show the steepest plunge in payrolls since the Great Depression.
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U.S. Post Office board meets as COVID takes its toll and funding dries up
The U.S. Postal Service's Board of Governors meets on Friday at a critical juncture as it faces accusations from the White House that it charges package shippers such as Amazon.com too little and as the new coronavirus cuts its revenue by about $13 billion.
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Stocks boosted to weekly highs as risk appetite improves; U.S. jobs data looms
Global shares rallied on Friday, hitting weekly highs, on signs of improving Sino-American relations and the prospect of more governments gradually reopening their economies.
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Tesla aims to restart Fremont plant as soon as Friday: Bloomberg News
Tesla Inc plans to reopen its sole U.S. car plant in Fremont, California as soon as Friday, Bloomberg reported on Friday, citing an email from the company to its staff.
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Green hydrogen's time has come, say advocates eying post-pandemic world
Hydrogen has long been touted as a clean alternative to fossil fuels. Now, as major economies prepare green investments to kickstart growth, advocates spy a golden chance to drag the niche energy into the mainstream of a post-pandemic world.
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Futures climb as Sino-U.S. tensions ease
U.S. stock index futures rose on Friday as signs of improving relations between the United States and China boosted sentiment ahead of a key jobs report that is likely to show a historic surge in unemployment due to coronavirus-induced lockdowns.
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Siemens surges as cuts costs and presses on with energy IPO
Siemens stock surged on Friday after the German engineering company said it was speeding up cost savings to tackle the coronavirus downturn and the flotation of its energy business remained on track.
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Explainer: Why Friday's U.S. jobless figures won't capture the true state of the coronavirus economy
The U.S. economy is expected to have shed 22 million jobs in April, tripling the nationwide unemployment rate to 16%, when new government data is published Friday morning.
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Rupert Murdoch gives up bonus after News Corp post $1 billion loss
News Corp Executive Chairman Rupert Murdoch is forgoing his cash bonus for the year after the media company posted a $1 billion quarterly loss due to a write-down in the value of its Australian pay TV unit and the impact of the COVID-19 pandemic on its businesses.
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Germany's BaFin investigating Wirecard communication ahead of audit publication
Germany's financial market watchdog BaFin is investigating Wirecard's communication with investors directly ahead of the publication of a critical audit by KPMG, a spokeswoman for the regulator said on Friday.
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Investors exit stocks at fastest rate since March, 'tech fatigue' sets in: BOFA
Investors pulled $16.2 billion from stocks in the past week in the largest weekly redemption since the March stock market slump, according to the Bank of America's weekly flows data.
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