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Air France-KLM in talks on US$7 billion cash raise: Le Monde

Air France-KLM is discussing plans to raise another 6 billion euros (US$7.1 billion) from its two government shareholders and other investors, French newspaper Le Monde reported on Tuesday.

Markets

Twitter launches disappearing ‘fleets’ worldwide

Twitter Inc said on Tuesday it was globally launching tweets that disappear after 24 hours, similar to the stories feature that is popular on Snapchat and Facebook's photo-sharing app Instagram.

Markets

Tesla value jumps US$40 billion as S&P 500 beckons

Shares of Tesla Inc rose 11per cent before the bell on Tuesday, adding around US$40 billion to the value of the electric carmaker and giving another boost to the fortune of billionaire Chief Executive Officer Elon Musk.

Markets

US retail sales slow as pandemic, lack of fiscal stimulus weigh

U.S. retail sales increased less than expected in October and could slow further, restrained by spiraling new COVID-19 infections and declining household income as millions of unemployed Americans lose government financial support.

Markets

Thieves steal US$6.6 million of Apple products in UK truck heist

LONDON: British police are hunting for thieves who made off with £5 million (US$6.6 million) worth of Apple products from iPhones to watches after tying up a driver and security guard during a truck heist in central England. The thieves targeted the truck on a slip road to the...

Markets

Geneva watch fair cancelled in 2021 due to COVID-19, replaced by online event

The Swiss Watches & Wonders show, which hoped to bring together brands like Rolex, Patek Philippe and Cartier on location in Geneva in April, will be cancelled and replaced by a purely digital event, organisers said on Tuesday.

Markets

US retail sales grew a slower-than-expected 0.3% in October

NEW YORK: Retail sales in the United States grew a slower-than-expected 0.3 per cent in October, even as retailers offered early holiday discounts online and in stores. Analysts had expected the number to rise 0.5 per cent. October's growth was much smaller than in September, when it rose 1.6...

Markets

Daimler to develop next-generation engines with China’s Geely

German carmaker Daimler will cooperate with China's Geely to build a next-generation combustion engine for use in hybrid vehicles, it said on Tuesday.

Markets

US manufacturing output picks up in October

U.S. manufacturing production accelerated in October, though exploding new COVID-19 infections across the country could cause disruptions at factories and leave the recovery in jeopardy.

Markets

S&P, Dow futures retreat as coronavirus cases spike

Futures tied to the S&P 500 and the Dow paused on Tuesday, a day after the indexes notched record closing highs, while Nasdaq 100 futures were boosted by a jump in Tesla on the prospect of the electric-car maker's shares joining the S&P 500.

Markets

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