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Asian stocks set to rise as focus swings to recovery prospects

Asian stocks were expected to rise on Thursday, as hopes of a robust economic recovery offset concerns over flare-ups in the coronavirus pandemic, and as investors looked ahead to earnings season.

Markets

Study suggests most Uber, Lyft drivers in Seattle not poorly paid

Most ride-hail workers in Seattle are part-time drivers whose earnings are roughly in line with the city's median, a study of data provided by Uber and Lyft showed, defying some perceptions of drivers working full-time for little pay.

Markets

Wirecard under criminal scrutiny by US authorities: Report

The U.S. Justice Department is examining whether German payment company Wirecard AG played a critical role in an alleged US$100 million bank-fraud conspiracy connected to an online marijuana marketplace, the Wall Street Journal reported on Wednesday.

Markets

Airbus first-half deliveries hit 16-year low despite June bounce

Airbus deliveries rose 50per cent in June compared with May and reached their highest level since the coronavirus crisis spread to Europe in March, but the accelerating recovery failed to prevent first-half deliveries from sliding to a 16-year low.

Markets

Commentary: 2020 is shaping up to be a rough year for Huawei

Huawei’s business has been hit by international sanctions, but the world needs Huawei more than it realises, says IMD Business School’s Mark Greeven.

Markets

Toyota launches financial services arm in Singapore

BUYERS of Toyota and Lexus cars now have another financing alternative for their car loans, with options to pay zero instalments for the first year as well as zero down payments.

Markets

Nonprofits urge Johnson & Johnson to halt sales of Baby Powder globally

More than 170 nonprofit groups on Wednesday called for Johnson & Johnson to stop selling its talc-based Johnson’s Baby Powder world-wide, citing concerns that it contains cancer-causing asbestos, according to a statement from advocacy group Black Women for Wellness.

Markets

Potential COVID-19 vaccine not ‘single solution’ to pandemic, Johnson & Johnson CEO says

U.S. drugmaker Johnson & Johnson aims to begin clinical testing of its COVID-19 vaccine in the coming weeks and produce billions of doses in 2021, chief executive officer Alex Gorsky said on Wednesday, but cautioned that it will take more than one vaccine to rein in the virus.

Markets

Facebook suspends disinformation network tied to staff of Brazil’s Bolsonaro

Facebook Inc on Wednesday suspended a network of social media accounts it said were used to spread divisive political messages online by employees of Brazilian President Jair Bolsonaro and two of his sons.

Markets

Furloughs at legacy airlines could help low-cost carriers like Southwest

U.S. legacy airlines with lackluster employee demand for early exit packages face large furloughs in the fall, signaling higher post-pandemic labor costs because union contracts require airlines to furlough in reverse order of seniority.

Markets

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