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Chinese electric vehicle maker Li Auto files for U.S. listing

A man with a face mask walks by television screens outside the Nasdaq Market Site, after further cases of coronavirus were confirmed in New York, at Times Square in New York, U.S., March 9, 2020. REUTERS/Shannon Stapleton BEIJING (Reuters) – Chinese electric vehicle (EV) maker Li Auto Inc, backed by food delivery giant Meituan Dianping...

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Amazon.com bans, then un-bans TikTok app from employee mobile devices

(Reuters) – In the span of a few hours on Friday, Amazon.com Inc banned and then unbanned the TikTok video sharing app from employee mobile devices, calling the move a mistake. FILE PHOTO: A TikTok logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration The news generated widespread attention...

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U.S. slaps French goods with 25% duties in digital tax row, but delays effective date

FILE PHOTO: U.S. Trade Representative Robert Lighthizer during a meeting in the Oval Office of the White House in Washington, U.S., September 16, 2019. REUTERS/Al Drago WASHINGTON (Reuters) – The Trump administration on Friday announced additional duties of 25% on French cosmetics, handbags and other imports valued at $1.3 billion in response to France’s digital...

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Take Five: A bull with underlying health conditions

FILE PHOTO: Traders wear masks as they work on the floor of the New York Stock Exchange as the outbreak of the coronavirus disease (COVID-19) continues in the Manhattan borough of New York, U.S., May 27, 2020. REUTERS/Lucas Jackson 1/EUROPE: FINAL COUNTDOWN Southern European bonds and the euro have rallied hard in the two months...

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Amazon begins rolling out bigger UPS and FedEx-style delivery trucks

LOS ANGELES/CHICAGO (Reuters) – Amazon.com (AMZN.O) is launching a new fleet of bigger, boxier trucks like those favored by rival package carriers United Parcel Service Inc (UPS.N) and FedEx Corp (FDX.N), as it fights to fix widespread pandemic-fueled delivery delays that sent customers into the arms of competitors like Walmart Inc (WMT.N). A new Amazon...

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Wall Street Week Ahead: Investors await BlackRock earnings after blistering second quarter market rally

NEW YORK (Reuters) – Investors will watch next week’s earnings from BlackRock, the world’s largest asset manager, for a snapshot of how the industry performed during the second quarter’s dramatic rebound in global financial markets. FILE PHOTO: The Fearless Girl statue is seen outside the New York Stock Exchange (NYSE) in New York City, New...

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Trump adviser says next coronavirus relief bill to be more focused

FILE PHOTO: White House National Economic Council Director Larry Kudlow speaks during a “small business relief update” video conference call event with banking executives to discuss the U.S. government’s rescue program for businesses hurt by the coronavirus pandemic, in the Roosevelt Room at the White House in Washington, U.S., April 7, 2020. REUTERS/Kevin Lamarque WASHINGTON...

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Boeing in scramble to shore up 737 MAX financing

(Reuters) – Boeing is scrambling to shore up financing for the 737 MAX as it awaits regulatory approval for design changes after the plane was grounded following two fatal crashes, industry sources said. FILE PHOTO: A Boeing 737 MAX airplane lands after a test flight at Boeing Field in Seattle, Washington, U.S. June 29, 2020....

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Exclusive: Lonza expects EPA approval ‘very soon’ to make COVID-killing claims for surface disinfectants

(Reuters) – Lonza Group AG is in the “last step” of discussions with U.S. regulators for approval to claim that its formulation is effective in killing the novel Coronavirus on surfaces, an executive at the pharmaceutical and chemical giant told Reuters. FILE PHOTO: A Metropolitan Transportation Authority (MTA) staff uses a Lysol to clean a...

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Fed adds Apple, Anheuser-Busch, Expedia to its bond holdings

FILE PHOTO: Federal Reserve Board building on Constitution Avenue is pictured in Washington, U.S., March 19, 2019. REUTERS/Leah Millis/File Photo (Reuters) – The U.S. Federal Reserve added $1.33 billion in bonds of individual companies from June 22 to June 30, including iPhone maker Apple Inc(AAPL.O), beer-producer Anheuser-Busch (ABI.BR)and travel booker Expedia Group(EXPE.O). The bond purchases,...

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Buffett’s Berkshire Hathaway reduces share count, suggesting possible buybacks

FILE PHOTO: Berkshire Hathaway Chairman Warren Buffett seen at the annual Berkshire shareholder shopping day in Omaha, Nebraska, U.S., May 3, 2019. REUTERS/Scott Morgan (Reuters) – Berkshire Hathaway Inc (BRKa.N) has reduced its share count by 1.2% since April 23, a regulatory filing shows, suggesting that Chairman Warren Buffett might have become more aggressive in...

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Death of Macau’s casino king comes as gambling hub faces new era

HONG KONG (Reuters) – Hong Kong’s highest-profile officials and business people paid their respects on Friday to Macau’s gambling king, Stanley Ho, who built a business empire from scratch in the former Portuguese colony and became one of Asia’s richest men. A photo of Macau gambling tycoon Stanley Ho is seen at his funeral reception,...