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WASHINGTON: U.S. President Donald Trump acknowledged to a journalist early in the coronavirus pandemic that he played down the danger of the health crisis despite having evidence to the contrary, according to a new book.
NEW YORK: Global equity benchmarks rebounded and the dollar dipped on Wednesday following a sharp sell-off in U.S. tech stocks that had erased more than 10% from the Nasdaq Composite Index in three days.
NEW YORK: Oil futures on Wednesday clawed back some of the losses they sustained in the previous session, but a rebound in COVID-19 cases in some countries undermined hopes for a steady recovery in global demand.
TOKYO: Yoshihide Suga, on course to become Japan’s next prime minister, said he would maintain incumbent premier Shinzo Abe’s policy prioritising economic growth over efforts to fix the country’s tattered finances.
ZURICH (Reuters) - Nestle will do more acquisitions, also big ones, the food giant's chief financial officer said on Wednesday.
BENGALURU: Morgan Stanley expects Brent crude prices to climb to $50 per barrel by the second half of 2021 supported by a weaker dollar and higher inflation, it said in a note on Wednesday.
BEIJING/SHANGHAI: Chinese tech giant Baidu is in talks with investors to raise up to $2 billion over three years for a biotech startup, which will use AI technology to discover new drugs and diagnose diseases, a person with direct knowledge of the matter said.
LISTED on the ACE Market of Bursa Malaysia Securities Berhad, Kanger International Berhad (KANGER, 0170) is on target to become the world’s largest producer of bamboo products with the commencement of a new high-tech bamboo processing plant and R&D centre which was developed in collaboration with the local government of Jingzhou in Hunan Province, China.
IT was only last year when we were all extremely worried that artificial intelligence (AI) will destroy jobs.
BEIJING: Despite global economic uncertainties amid the Covid-19 pandemic, China’s foreign trade has maintained better-than-expected performance since the second quarter of this year, with trade in services, cross-border e-commerce and private sector transactions emerging as new growth engines, according to government officials and economic analysts.