Business

China has banned imports of US chicken and close Pepsi factory to slow down the risk of new coronavirus cases

  • Jun 22, 2020

China has banned the imports of US chicken from a top US poultry producer and ordered a Beijing Pepsi factory to close on Sunday to slow down the risk of new coronavirus cases. Some authorities in China has clamped down on food production and dis

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U.S. stocks rise following prior session's heavy rout

  • Jun 15, 2020

U.S. stocks ended higher on Friday as Wall Street tried to recover from the prior session's steep sell-off. The Dow Jones Industrial Average jumped 477.37 points, or 1.90 percent, to 25,605.54. The S&P 500 was up 39.21 points, or 1.31 percent,

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Reebok ends its partnership with CrossFit in outrage over CEO's 'racist' tweet

  • Jun 08, 2020

Sports footwear giant Reebok has decided to end its partnership with CrossFit Inc. later this year following an insensitive comment by the fitness organization's chief executive concerning protests against racial injustice roiling the US. Reebok s

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American billionaires become significantly richer during the pandemic

  • Jun 07, 2020

The combined wealth of America's billionaires, including Amazon.com founder Jeff Bezos and Facebook CEO Mark Zuckerberg, jumped more than 19% or by half a trillion since the onset of the COVID-19 pandemic in the United States, according to a report published by the Institute for Policy Studies (IPS). Dur

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NASA resumes human spaceflight from US soil with historic SpaceX launch

  • May 31, 2020

A rocket ship built by Elon Musk's SpaceX company thundered away from Earth with two Americans on Saturday, ushering in a new era of commercial space travel and putting NASA back in the business of launching astronauts from US soil for the first time in nearly a decade.

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US weekly jobless claims drop, but economic recovery still elusive

  • May 29, 2020

The number of Americans seeking jobless benefits fell for an eighth straight week last week, likely as some people returned to work, but claims remained at astonishingly high levels, suggesting it could take the economy a while to rebound as businesses reopen.

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Hertz files for U.S. bankruptcy protection as car rentals evaporate amid COVID-19

  • May 24, 2020

The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much-needed relief. Hertz&rsq

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Trump gives more pressure on states to reopen for business despite coronavirus pandemic

  • May 22, 2020

U.S. President Donald Trump on Thursday gives more pressure on states to reopen for business despite concerning about the coronavirus pandemic. "I don't think people are going to stand for it" in states that do not resume normal activities q

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Apple and Google starts COVID-19 contact tracing and notifications system

  • May 21, 2020

Apple and Google companies have started testing their joint contact tracing system, which will help public health authorities track the spread of COVID-19, the disease caused by the novel coronavirus. The two companies are releasing an early version, and it's called COVID-19 Exposure

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