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Facebook says new law would prompt it to block Australian news sharing

Facebook Inc will block news sharing on its platforms in Australia if a proposal to force the U.S. tech giant to share revenue with local media outlets for featuring their content becomes law, the firm said in a statement published on Tuesday.

Markets

Maybank Singapore to offer 100 traineeships to fresh grads, mid-career workers

MAYBANK Singapore announced on Tuesday its new 12-month traineeship programme that will recruit at least 100 fresh graduates and mid-career candidates, as part of efforts to grow its talent pool.

Markets

Amazon’s surveillance can boost output and possibly limit unions – study

Amazon.com relies on extensive worker surveillance to boost employee output and potentially limit unionization efforts around the United States, says a research paper issued on Monday by the Open Markets Institute.

Markets

Asia’s factories shaking off COVID gloom, China shines

Asian factories continued to shake off the coronavirus-induced gloom in August as more bright signs in China raised hopes of a firmer recovery in global demand, reducing pressure on policymakers to take more radical steps to avert a deeper recession.

Markets

China’s August export orders shake off COVID gloom, fuelling factory expansion: Caixin PMI

China's factory activity expanded at the fastest clip in nearly a decade in August, bolstered by the first increase in new export orders this year as manufacturers ramped up production to meet rebounding demand, a private survey showed on Tuesday.

Markets

Oil rises in shift to risk assets as US dollar slides

MELBOURNE: Oil prices rose in early trade on Tuesday, reversing overnight losses, as investors shifted to risk assets and out of the safe-haven U.S. dollar, which slid to a more than two-year low. Brent crude futures climbed 27 cents, or 0.6per cent, to US$45.55 a barrel at 0055 GMT,...

Markets

US airlines drop change fees amid COVID-19 downturn

Delta Air Lines said on Monday it is permanently dropping domestic change fees, mirroring an announcement by rival United Airlines on Sunday in a push to woo back travelers.

Markets

Japan’s second-quarter capex sees biggest decline since 2010 on pandemic blow

Japanese firms cut spending on plant and equipment by the most in a decade in the second quarter, the government said on Tuesday, as the coronavirus pandemic delivered a heavy blow to business activity.

Markets

Asian stocks edge lower after Wall Street dips in month-end trade

Asian stocks were set to weaken on Tuesday following a softer Wall Street close while the dollar slipped as markets digested new Federal Reserve comments that suggested rates will stay low for an extended period.

Markets

US Senate’s McConnell eyes revamped coronavirus relief bill, Mnuchin tells Fox Business

The Trump administration and Senate Republicans have been in regular contact over possible coronavirus relief measures and the Senate's top Republican will "hopefully" unveil a new bill next week, Treasury Secretary Steven Mnuchin said on Monday.

Markets

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