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Italy working to create single broadband champion independent of TIM: Source

Italy's government is studying a plan to create a single ultra-fast broadband network that could initially be majority-owned by phone incumbent Telecom Italia (TIM) but would grant equal access to all market players, a person close to the matter told Reuters.

Markets

Facebook sues EU antitrust regulator for excessive data requests

Facebook Inc has taken the European Union to court for invading the privacy of its employees, the Financial Times reported on Monday citing two people with direct knowledge of the matter.

Markets

California probing Amazon worker treatment during pandemic, court says

California Attorney General Xavier Becerra has opened an investigation into steps that Amazon.com Inc has taken to protect its workers from the new coronavirus, according to a court filing on Monday.

Markets

US consumers received US$9.8 billion in Volkswagen diesel settlements: FTC

The US Federal Trade Commission (FTC) said on Monday that buyers of polluting Volkswagen AG vehicles received more than US$9.8 billion in settlements.

Markets

US drugmaker earnings heat up this week with spotlight on COVID-19 vaccine news

Several major US drugmakers will report second-quarter results this week, with investors eager for fresh details from Pfizer Inc, Merck & Co and others on their efforts to develop vaccines and therapies against the novel coronavirus.

Markets

Target to close on Thanksgiving, offer holiday deals in October

Target Corp will shutter stores across the United States on Thanksgiving this year to ensure public health during the coronavirus pandemic, the retailer said on Monday.

Markets

US drugmaker earnings heat up this week with spotlight on vaccine news

Several major U.S. drugmakers will report second-quarter results this week, with investors eager for fresh details from Pfizer Inc , Merck & Co and others on their efforts to develop vaccines and therapies against the novel coronavirus.

Markets

Facebook takes EU to court for invading privacy: FT

Facebook Inc has taken the European Union to court for invading the privacy of its employees, the Financial Times reported on Monday citing two people with direct knowledge of the matter.

Markets

Exclusive: Goldman revamps employee reviews, opening door to greater job cuts

U.S. investment bank Goldman Sachs Group Inc is adopting a performance review system that will grade up to 10per cent of its 39,000 employees as under-performers this year, according to an internal memo sent on Monday, potentially leading to more job cuts in 2021 than the bank has made...

Markets

HSBC aims to double number of senior Black staff by 2025: Memo

HSBC aims to double the number of Black staff in senior roles by 2025, Chief Executive Noel Quinn said in an internal memo, as the bank attempts to take action against discrimination and create opportunities for advancement in the wake of the wider Black Lives Matter movement.

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