Date
26 June 2019

BUSINESS

  • FedEx posted quarterly profit that topped market expectations, but warned that US-China trade tensions and non-renewal of an Amazon contract will hurt its fiscal 2020 performance, Reuters reports. “Our fiscal 2020 performance is being negatively affected...
  • A SpaceX Falcon Heavy rocket blasted off from Kennedy Space Center in Florida on Tuesday, putting 24 experimental satellites into orbit after what Elon Musk’s rocket company called one of its “most difficult” launches ever, Reuters...
  • Chinese electric-vehicle maker BYD has announced that it opened its first plant in Canada, which will initially focus on assembling buses for the Toronto public transport agency, Reuters reports. The 45,000-square-foot facility, based in Ontario, will...
  • Facebook has agreed to hand over the identification data of French users suspected of hate speech on its platform to judges, Reuters reports, citing France’s minister for digital affairs Cedric O. The decision by the social...
  • Drugmaker AbbVie Inc. said it is acquiring Allergan Plc for about US$63 billion, giving AbbVie control over the lucrative wrinkle treatment Botox and buying time to seek new growth before its blockbuster arthritis treatment Humira loses...
  • Micron Technology Inc. said it has resumed some microchip shipments to Huawei Technologies Co. Ltd. and still expects demand for its chips to recover later this year, sending shares up as much as 10 percent late...
  • Hackers broke into the systems of more than a dozen global telecom firms and stole huge amounts of data in a seven-year spying campaign, researchers from a cyber security company said, identifying links to previous Chinese...
  • The United States hopes to re-launch trade talks with China after President Donald Trump and President Xi Jinping meet in Japan on Saturday but Washington will not accept any conditions on tariffs, Reuters reports, citing a...
  • Federal Reserve officials pushed back on market expectations and presidential pressure for the central bank to deliver a significant US interest rate cut of half a percentage point as soon as its next meeting. Chairman Jerome...
  • Both Uber and Lyft are well below their IPO prices, with their slide stoking concerns that the tech stock boom is coming to an end. But the fact is there have been quite a few star...

WORLD

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