James Murdoch quits News Corp board after schism

James Murdoch quits News Corp board after schism

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James Murdoch has quit the board of News Corp, in the latest fracture in the relationship between Rupert Murdoch’s youngest son and the family media empire.  In a letter to the company dated July 31, the younger Mr Murdoch wrote that his resignation was “due to disagreements over certain editorial content published by [News Corp]’s […]

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Trump to order China’s ByteDance to sell its share of TikTok

Trump to order China’s ByteDance to sell its share of TikTok

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President Trump plans to announce a decision ordering China’s ByteDance Ltd. to divest its ownership of the popular U.S.-based music-video app TikTok, according to people familiar with the matter. The U.S. has been investigating potential national security risks due to the company’s control of the app, and Trump’s decision could be announced as soon as […]

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Fauci says failure to follow guidelines behind US coronavirus surge

Fauci says failure to follow guidelines behind US coronavirus surge

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Anthony Fauci, a high-profile member of the White House coronavirus task force, told Congress that the surge in Covid-19 cases in the US was due to states not following official guidance, in a tacit rejection of Donald Trump’s insistence that it was the result of widespread testing. States in America’s “sunbelt” region, which includes parts […]

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US sinks another $2.1 billion into possible COVID-19 vaccine

US sinks another $2.1 billion into possible COVID-19 vaccine

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Pharma giants GlaxoSmithKline and Sanofi Pasteur have announced that they will supply 100 million doses of their experimental COVID-19 vaccine to the U.S. as governments around the world buy up supplies of potential vaccines in hopes something will work. The U.S. will pay up to $2.1 billion “for development including clinical trials, manufacturing, scale-up and […]

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Apple smashes revenue estimates in record third quarter

Apple smashes revenue estimates in record third quarter

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Apple Inc. reported quarterly revenue that crushed Wall Street forecasts after locked down consumers snapped up new iPhones, iPads and Mac computers to stay connected during the pandemic. The stock jumped as much as 6.3% in extended trading. The world’s largest technology company also announced a four-for-one stock split after its shares surged more than […]

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Amazon reports profit, sales surge amid COVID-19 spending

Amazon reports profit, sales surge amid COVID-19 spending

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Amazon.com Inc. reported profit that far exceeded analysts’ estimates, showing that the e-commerce giant can make money despite spending heavily to keep operating through the COVID-19 pandemic. Second-quarter revenue jumped 40% from a year earlier to $88.9 billion. Earnings were $10.30 a share, beating analysts’ average projection of $1.51 a share on sales of $81.2 […]

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