Apple on cusp of $2 trillion milestone, defying pandemic

Apple on cusp of $2 trillion milestone, defying pandemic

(ATF) Apple is on the verge of becoming the first $2 trillion American company following a gravity-defying surge that has highlighted the value of its iPhone ecosystem during the global pandemic. Shares in Apple have roughly doubled from March lows, an astonishing performance which has lifted chief executive Tim Cook's ...

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TikTok ban could cut it off from app stores, advertisers - White House document 

TikTok ban could cut it off from app stores, advertisers

New York/Washington (Reuters): President Donald Trump's executive order banning China's TikTok could prevent U.S. app stores from offering the popular short-video app and make advertising on the platform illegal, according to a White House document seen by Reuters. Trump signed an order last week prohibiting transactions with TikTok if its ...

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PetroChina nabs three Venezuela oil tankers

PetroChina nabs three Venezuela oil tankers

New York/Singapore (Reuters) - A shipping joint venture between Venezuela and China has fallen apart in the wake of U.S. sanctions, resulting in the South American nation losing three supertankers at a time when foreign shippers are reluctant to carry its oil, court documents show. PetroChina Co Ltd <601857.SS>, which ...

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Trump’s coronavirus orders 'too little, too late' 

Trump’s COVID orders too little, too late to help U.S. economy, experts say

President Donald Trump's weekend attempt to sidestep stalled congressional negotiations over the next coronavirus aid package will do little to boost the economy, experts said. Trump's executive order and presidential memoranda , introduced on Saturday, would temporarily extend enhanced unemployment benefits at a reduced amount of $400 a week, defer ...

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US producer prices rebound in July

U.S. producer prices rebound in July; trend remains weak amid fragile demand

WASHINGTON: US producer prices increased by the most in more than 1-1/2 years in July, but the overall trend in producer inflation remained subdued amid signs the economy's recovery from the coronavirus recession was faltering. The jump in producer prices reported by the Labor Department on Tuesday, however, further diminished ...

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US says IMF economic outlook too pessimistic

US says IMF economic outlook too pessimistic

Washington, United States: The International Monetary Fund (IMF) is too gloomy in its outlook for US growth and oversteps its mandate in calling for Washington to reshape the American economy, a US official said Monday. In its annual review of the US economy, the fund said Washington has the financial ...

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Microsoft faces complex technical challenges in TikTok carve-out

Microsoft faces complex technical challenges in TikTok carveout

Microsoft Corp's bid to carve out parts of TikTok from its Chinese owner ByteDance will be a technically complex endeavour that could test the patience of President Donald Trump's administration, according to sources familiar with the setup. Trump has given Microsoft until Sept. 15 to put together a blueprint for ...

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