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NEW YORK: Wall Street ended higher after a choppy session on Tuesday, lifted by Apple and energy stocks but limited by declines in AIG and Microsoft while investors awaited more U.S. government stimulus to fight economic fallout from the COVID-19 pandemic.
PETALING JAYA: A fresh wave of coronavirus (Covid-19) cases could see prolonged low crude oil prices as demand for fuel is plunging due to longer movement restriction globally.
LONDON: BP cut its dividend for the first time in a decade after a record US$6.7bil second-quarter loss, when the coronavirus crisis hammered fuel demand, and it sought to win over investors by speeding up its reinvention as a lower carbon company.
Shanghai Zhizhen Intelligent Network Technology has been locked in a legal battle with Apple over the Siri voice assistant system since 2012. The Chinese AI company claims Apple has infringed a patent it owns, but Apple says Siri does not contain features included in the patent.
MELBOURNE/SINGAPORE, Aug 4 (Reuters): Oil prices eased on Tuesday amid concerns that a fresh wave of Covid-19 infections around the world will see a pickup in fuel demand stalling amid tighter lockdowns - just as major producers ramp up output.
LONDON: European shares fell after opening higher, following a mixed bag of earnings results, while the dollar's rebound stalled as investors waited for progress in talks on government aid in the United States.
LONDON: BP cut its dividend for the first time in a decade after a record $6.7 billion second quarter loss when the coronavirus crisis hammered fuel demand and it sought to win over investors by speeding up its reinvention as a lower carbon company.
KUALA LUMPUR: Bursa Malaysia started Tuesday on a cautious note with the FBM KLCI slipping into the red, extending the battering by foreign funds the previous day while overall trading volume surged to 2.3 billion shares.
Air travel has tumbled to a fraction of normal levels due to the Covid-19 pandemic, grounding about two thirds of the world’s fleet and stretching Europe’s largest aircraft storage company.
Space tourism company Virgin Galactic on Aug 3 announced a partnership with engine-maker Rolls-Royce to build a supersonic commercial airplane that flies at three times the speed of sound.