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US stocks open lower, erasing recent gains and plunging shares deeper into bear territory

The rollercoaster ride of equity markets continues as all of the major stock indexes opened sharply lower one day after President Donald Trump announced the intention to push through a sweeping aid pa

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Zimbabwe inflation soars to 540% in February

A man poses with Zimbabwe’s new two-dollar banknotes as customers queue outside a bank in Harare./Reuters Zimbabwe has suspended the transfer of local shares in dual-listed companies to foreig

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China's property investment down 16.3 pct in first two months

China's investment in property development fell 16.3 percent year on year in the first two months of 2020, the National Bureau of Statistics (NBS) said Monday. The tot

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Gulf shares slump after OPEC disagrees on virus response

VCG Shares in the energy-dependent Gulf plunged to multi-year lows Sunday after OPEC and its allies failed to clinch a deal on production cuts to support prices that have been hit by the novel

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GM reveals an EV for (almost) every purse and purpose

General Motors’ EV day didn’t just mark the launch of a new flexible battery architecture and an ambitious plan to deploy this underlying foundation across all of the automaker’s bra

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Permira plots $10bn joint bid for eBay ads unit

The owner of Dr Martens is in talks with Carsales.com about a joint offer for eBay’s classifieds unit, Sky News learns.

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Major China-ASEAN expo to focus on innovative cooperation

The 17th China-ASEAN Expo, a major event for boosting trade and economic ties between both sides, is scheduled for Sept. 18 to 21, 2020, with innovative cooperation as its focus, expo organizer said

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China receives 25.7 bln yuan of donations for epidemic control

A total of 25.7 billion yuan (around 3.68 billion U.S. dollars) of charitable donations across China for coronavirus epidemic prevention and control had been received

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China helps sole traders fight economic impacts of COVID-19

VCG China has rolled out a series of plans to help individually-owned businesses get through the setback caused by the novel coronavirus outbreak, officials said at a press conference on Thurs

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SparkLabs Group launches Connex, an accelerator program for smart city technology

SparkLabs Group announced today that it has launched SparkLabs Connex, the latest program in its network of startup accelerators and venture funds. Focused on real estate technology (proptech) and the

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Most foreign-funded enterprises resume work in Chinese manufacturing hub

About 91 percent of the top 300 foreign-funded import and export enterprises in the southern Chinese city of Dongguan, the country's manufacturing hub, had resumed wor

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How much should a startup spend on security?

One of the questions I frequently ask startup founders is how much they’re spending on security. Unsurprisingly, everyone has a different answer.Startups and small companies are invariably faced

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What the $13B E-Trade deal says about Robinhood’s valuation

Hello and welcome back to our regular morning look at private companies, public markets and the gray space in between.Today we’re living up to the introduction of this daily column by digging in

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Canadian online pharmacy, PocketPills has raised $7.35 million as it expands into Quebec

PocketPills, which bills itself as the sole online pharmacy operating in Canada, has raised $7.35 million in new financing as it expands across the country.Through partnerships with insurers like Paci

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ASEAN defense minister meeting stresses unity, cooperation against COVID-19 outbreak

The Association of Southeast Asian Nations (ASEAN) Defense Ministers' Meeting Retreat was held here on Wednesday, with a joint statement on defense cooperation against

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Blue Apron is considering selling itself

Meal kit company Blue Apron has long been on the struggle bus — whether it’s been its lackluster debut on the public market, employee lawsuits or layoffs. So, it should come as no surpris

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China issues over 1,600 force majeure slips to coronavirus-hit companies

China has issued more than 1,600 force majeure certificates to shield companies from legal damages arising from the novel coronavirus disease (COVID-19) outbreak. The China Council for the Promotion