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Asian shares, bond yields fall as deadly coronavirus spreads

Asian shares slipped again on Tuesday as China took more drastic steps to combat the coronavirus, while bond yields fell globally on expectations central banks would need to keep stimulus flowing to offset the likely economic drag.

Markets

Twitter says several NFL teams’ accounts hacked

Twitter Inc said on Monday accounts of several National Football League (NFL) teams, including the San Francisco 49ers and Kansas City Chiefs, were hacked, ahead of the Super Bowl on Sunday.

Markets

UK healthcare cost agency rejects J&J’s nasal spray for depression

Britain's healthcare cost agency on Tuesday recommended against including Johnson & Johnson's nasal spray for depression, Spravato, in the country's healthcare network, citing uncertainties over its clinical and cost effectiveness.

Markets

Sainsbury’s targets 2040 for net zero emissions, criticises UK goal

Sainsbury's committed itself on Tuesday to have net zero greenhouse gas emissions by 2040, a decade ahead of the British government's own target which it said "isn't soon enough".

Markets

Britain seeks Huawei ‘solution’ as US pressure mounts

Prime Minister Boris Johnson will meet senior ministers on Tuesday to decide whether to allow the use of equipment made by China's Huawei in Britain's future 5G mobile network.

Markets

Mexico’s America Movil fined by regulator; calls it ‘illegal and disproportionate’

America Movil, the telecoms giant controlled by the family of Mexican bilionaire Carlos Slim, said in a regulatory filing on Monday that it had been fined 1.3 billion pesos (US$69.53 million) by Mexico's telecom regulator.

Markets

Beer, wine, spirit makers pledge age-restriction labels on drinks

Twelve leading beer, wine and spirits companies have pledged to put clear age-restriction labels on their drinks and set tighter controls on access to their online content in a bid to reduce underage drinking.

Markets

New York, FTC sue ‘pharma bro’ Shkreli, others over Daraprim price hikes

Martin Shkreli, the "pharma bro" in prison for defrauding investors, faces a lawsuit filed by the Federal Trade Commission and New York Attorney General's office for a scheme to preserve his monopoly for the drug Daraprim, which saw its price increase by more than 4,000 per cent in one...

Markets

Commentary: The grand Chinese tech train is slowing down

The current phase of China’s slowdown arises from a structural change in the nation’s productivity, rather than a cyclical fluctuation, say two experts.

Markets

Renault board meeting Tuesday to seal De Meo’s CEO nomination: report

Renault's board is set to meet on Tuesday to approve naming Luca de Meo, formerly the head of Volkswagen's Seat brand, as its next chief executive, Le Figaro newspaper reported on Monday.

Markets

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