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Latest Articles in Companies Markets

Adidas' China Business Activity Falls 85% Due To Coronavirus

Adidas said it had seen lower traffic, mainly in Japan and South Korea, but added that it had not yet registered any major business impact beyond Greater China.

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General Motors To Lay Off All 1,500 Plant Workers In Thailand Following Sale

China's biggest sport-utility vehicle makers, said it will sell cars from the Thai base as part of its plans to go global and tap the Southeast Asian automotive industry.

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Vodafone, Telecom Italia Offer Rivals Access To Some Sites To Ease EU Concerns

The companies announced the deal in July last year which will see Vodafone transfer its Italian mobile masts to INWIT, TIM’s 60%-owned subsidiary.

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Spacex Announces Partnership To Send Four Tourists Into Deep Orbit

SpaceX's offering is far more ambitious and powered by the same reusable Falcon 9 rocket that puts satellites into space and send astronauts to the ISS.

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Unilever, 3M On List Of Firms Eligible For China Loans To Ease Coronavirus Crisis

China has issued more than 1,600 force majeure certificates to shield companies from legal damages arising from the coronavirus outbreak, state news agency Xinhua.

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HCL Technologies To Launch Centre In Connecticut

HCL reported consolidated revenue of 9.7 billion dollars in calendar 2019 and 1.49 lakh employees operating out of 45 countries.

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Deutsche Telekom Sees Slower Core Earnings Growth This Year

Fourth-quarter revenues rose by 5.4% to 21.361 billion euros, ahead of analyst expectations, while adjusted EBITDA AL was up 8.2% to 6.030, also just ahead of consensus.

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SoftBank-Backed South Korean Ride-Hailer Tada Gets Rare Win Amid Crackdown

SoftBank Ventures, private equity and venture capital firms have backed the company to the tune of about 161 billion won ($135.3 million) since 2018.

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Weak Sentiment To Curb Automakers' Sales Despite Better Q3: Fitch Ratings

Automakers could also face production disruptions if the COVID-19 novel coronavirus spread in China leads to a prolonged halt in the supply of required auto components.

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Equities Reverse Four Days Of Losses, Bharti Infratel Gains By 7%

The BSE S&P Sensex edged higher by 248 points or 0.61 per cent to 41,138 while the Nifty 50 rose by 69 points at 12,062.

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Uber Says It Is Closing Office In Downtown Los Angeles

The move was reported earlier by the LA Times newspaper, which also added that the step will result in the elimination of about 80 jobs.

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Gold Holds Above $1,600 On Fears Over Economic Impact Of Virus

Spot gold was little changed at $1,601.77 per ounce by 0244 GMT. In the previous session, bullion prices surged 1.3% to their highest since Jan. 8 at $1,605.10.

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U.S. Judge Rejects Huawei Challenge To Federal Law Restricting Its Business

Huawei had challenged Section 889 of the National Defense Authorization Act, signed into law by U.S. President Donald Trump.

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