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Facebook surges on user growth in pandemic, sees murky outlook

Facebook on Wednesday reported a sharp jump in usage as the global pandemic unfolded, in a quarterly update that sparked a rally in shares...
International Business

Google parent Alphabet sees growth despite pandemic

Google parent Alphabet on Tuesday outshined dim earnings expectations, showing higher revenue and profits despite a coronavirus-induced slowdown in its core digital advertising operations...
International Business

US imposes new restrictions on exports to China

The United States on Monday posted rule changes that impose new restrictions on exports to China, including aircraft components and many items related to...
International Business

Worst UK slump in `centuries’ looms as lockdown slams business

Britain may be in the grip of its worst economic slump in centuries, a Bank of England official warned, as the coronavirus lockdown pounded businesses...
International Business

Oil plunges again as virus ravages energy markets

Brent crude plunged more than 12 percent to below $17 a barrel Wednesday while US oil erased early gains and fell, as the coronavirus...
International Business

‘Resilient’ luxury giant LVMH sees 15 percent drop in sales

French luxury giant LVMH vaunted its ability to weather bad times on Thursday as it said revenue slid 15 percent in the first three...
International Business

Global economy on track for sharpest downturn since Great Depression: IMF

The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn...
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