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Apple says ‘Fortnite’ maker wanted ‘side letter’ to create own game store

Apple Inc on Friday alleged that Epic Games' chief executive had asked it for a "side letter" to create its own game store within the iPhone maker's App Store, which Apple said would have upended the store's commission-based business model.

Markets

What’s at stake in California’s November gig worker ballot measure

After a California appeals court on Thursday halted a law requiring the reclassification of ride-hail drivers of Uber Technologies Inc and Lyft Inc as employees, the decision over gig worker benefits and pay will likely be left to voters.

Markets

Apple asks judge to reject ‘Fortnite’ maker’s bid to be kept in App Store

Apple Inc on Friday asked a federal judge in California to deny a request by "Fortnite" maker Epic Games to be kept in the iPhone maker's App Store as a dispute between the two over Apple's in-app payment rules plays out.

Markets

Delta pilot union says 1,806 pilots taking early retirement

The union representing Delta Air Lines pilots said on Friday that 1,806 had agreed to early retirement programs, spurring talks with management to avoid furloughs as the airline continues to weather a downturn in demand due to the pandemic.

Markets

US, EU hatch mini-deal to cut lobster, other tariffs

The United States and the European Union have hatched a mini-deal to cut imports tariffs on a small range of products, including U.S. lobsters, in a sign of an easing of transatlantic trade tensions.

Markets

Chinese EV maker XPeng looks to raise up to US$1.11 billion in US IPO

Chinese electric vehicle (EV) manufacturer XPeng Inc said it hopes to raise up to US$1.11 billion in its initial public offering (IPO) in New York, seeking to ride the enthusiasm for EVs even as U.S.-China relations remain strained.

Markets

Signs of recovery? US business activity and home sales surge

In signs an economic recovery may be picking up speed, U.S. home sales rose at a record rate for a second straight month in July, and purchasing managers in both the manufacturing and services sectors report business activity has accelerated at a brisker-than-expected pace this month.

Markets

Qiagen chairman quits after Thermo Fisher’s takeover bid fails

Qiagen said its non-executive Chairman Hakan Bjoerklund had resigned with immediate effect after the genetic testing company's shareholders rejected an improved takeover offer from Thermo Fisher .

Markets

Facebook looking at ‘kill switch’ to curb misinformation after US elections

Facebook Inc's chief executive officer, Mark Zuckerberg, and some company executives have been discussing a "kill switch" to shut off political advertising after the election is over to curb misinformation, the New York Times reported on Friday, citing unnamed sources.

Markets

Exclusive: Mexico tacks on request to Sempra unit’s LNG export permit, say sources

Mexico's government wants the local unit of Sempra Energy to build another export facility to help sell off excess natural gas in return for granting the energy infrastructure company a historic export permit, according to three people familiar with the matter.

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