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Facebook, Twitter CEOs will testify before US Senate committee on Oct 28

Twitter Chief Executive Jack Dorsey has agreed to testify before the Senate Commerce Committee on Oct. 28, the company said Friday.

Markets

At 7.9per cent, US jobless rate spells trouble for Trump

The U.S. unemployment rate fell to 7.9per cent in September, from 8.4per cent in August, a big drop that in normal times would be welcome news for a presidential incumbent seeking reelection in just over a month.

Markets

Geely’s EV maker Polestar recalls all new Polestar 2 sedans -Swedish daily DI

Electric vehicle maker Polestar, owned by Volvo Cars and its parent China's Geely, is recalling all new Polestar 2 cars due to a software glitch, business daily Dagens Industri (DI) said on Friday.

Markets

CPF members to get higher sum assured, increased coverage for DPS

FROM next April, Central Provident Fund (CPF) members aged below 55 under the Dependants' Protection Scheme (DPS) will pay lower premiums in return for a higher sum assured.

Markets

Disneyland reopening on hold as California delays theme park guidelines

California's health secretary on Friday agreed to hear more input from theme park operators before issuing reopening guidelines, a step that further delays Walt Disney Co's plans to welcome visitors back to Disneyland.

Markets

US government appeals judge’s ruling to block WeChat app store ban

The U.S. Justice Department on Friday said it was appealing a judge's decision to block the government from barring Apple Inc and Alphabet Inc's Google from offering Chinese-owned messaging app WeChat for download in U.S. app stores.

Markets

Banks, investors pivot towards Biden win after Trump tests positive for COVID

Global banks and investors said they were stepping up their preparations for a victory by Democratic presidential candidate Joe Biden after his rival Republican President Donald Trump revealed he had tested positive for COVID-19 early on Friday.

Markets

Exclusive: Airbnb targets roughly US$3 billion raise in IPO – sources

Home rental company Airbnb Inc is aiming to raise around US$3 billion in its upcoming initial public offering (IPO), people familiar with the matter said on Friday, taking advantage of the unexpectedly sharp recovery in its business after the COVID-19 pandemic roiled the travel industry.

Markets

US appeals court revives Glaxo US$235.5 million verdict against Teva

A federal appeals court on Friday reinstated a 2017 jury verdict that required Teva Pharmaceutical Industries Ltd to pay GlaxoSmithKline Plc more than US$235 million for infringing a patent for its blood pressure drug Coreg.

Markets

Headwinds for Google as rivals, customers criticise Fitbit concessions

Google's bid to win EU approval for its US$2.1 billion purchase of Fitbit faces headwinds as rivals and customers argue concessions to EU antitrust regulators do not go far enough, two people familiar with the matter said on Friday.

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