AFP
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Saudi Aramco Market Value Tops $2 Trillion
Aramco's stock sale is the cornerstone of Prince Mohammed's ambitious strategy to overhaul the oil-reliant economy by raising funds to pour into mega projects and non-energy industries such as tourism and entertainment.
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Boeing CEO Muilenburg Steps Down, Chairman David Calhoun Named Chief Executive
The company pledged to "operate with a renewed commitment to full transparency, including effective and proactive communication with the FAA, other global regulators and its customers." The aerospace giant's financial picture remains clouded following the global grounding of the MAX in March after two deadly crashes.
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Pandemic Recovery Will Require More, Coordinated Stimulus, Says IMF
Governments will have to provide even more cash infusions to help the global economy rebound, IMF said
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Chinese Economy Contracts For First Time In Decades Due To Coronavirus Crisis: Report
The world's second-largest economy tanked in the first three months of the year as factories closed, consumers were compelled to stay home and the virus spread to other countries.
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Apple Revenues Rise In March Quarter, But Profits Take A Hit Due to Covid-19
Profit dipped to $11.2 billion on sales of $58.3 billion in the fiscal second quarter, compared to net income of $11.7 billion on revenue of $58 billion in the same period a year earlier.
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Latam Airlines Files For Bankruptcy In United States
Latin America's largest airline LATAM filed for bankruptcy in the USA on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.
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European Union Warns Of WTO Challenge If China-US Deal Creates ''Distortions''
In our opinion, quantitative targets are not WTO-compatible if they lead to trade distortions," Mr Chapuis said. "If it were to be the case, we will go to the WTO to settle this matter." He said that during a meeting at the Chinese foreign ministry, he was given "formal assurances that in absolutely no way would European businesses be affected by ...
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Airlines Need Up To $200 Billion In Emergency Aid, Says IATA
Up to $200 billion is needed to rescue the world''s airlines during the coronavirus crisis, the global aviation association said Thursday, appealing especially to African and Middle Eastern countries to provide emergency assistance.
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Latam Airlines Files For Bankruptcy In United States
Latin America's largest airline LATAM filed for bankruptcy in the USA on Tuesday, the company said in a statement, following a drastic slump in business caused by the coronavirus pandemic.
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Apple Revenues Rise In March Quarter, But Profits Take A Hit Due to Covid-19
Profit dipped to $11.2 billion on sales of $58.3 billion in the fiscal second quarter, compared to net income of $11.7 billion on revenue of $58 billion in the same period a year earlier.
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Chinese Economy Contracts For First Time In Decades Due To Coronavirus Crisis: Report
The world's second-largest economy tanked in the first three months of the year as factories closed, consumers were compelled to stay home and the virus spread to other countries.
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Pandemic Recovery Will Require More, Coordinated Stimulus, Says IMF
Governments will have to provide even more cash infusions to help the global economy rebound, IMF said
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Airlines Need Up To $200 Billion In Emergency Aid, Says IATA
Up to $200 billion is needed to rescue the world''s airlines during the coronavirus crisis, the global aviation association said Thursday, appealing especially to African and Middle Eastern countries to provide emergency assistance.
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Five-Time Grand Slam Champion Maria Sharapova Retires From Tennis At 32
She became world number one in 2005 and won the U.S. Open the next year.
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World Bank Chief Economist Announces Resignation
Pinelopi Koujianou Goldberg on Wednesday announced she will be leaving the institution.
