Cash-strapped New Jersey to borrow up to US$9.9 billion under deal

New Jersey, one of the states hardest hit by the coronavirus outbreak, would borrow up to US$9.9 billion from sources that could include the US Federal Reserve to deal with massive revenue losses from the economic shutdown, under an agreement announced on Friday between the governor and ...Want to know more on Cash-strapped New Jersey to borrow up to US$9.9 billion under deal click here go to market...

Facebook mulls ban on political ads ahead of US elections – Bloomberg News

Facebook Inc is considering imposing a ban on political ads on its social network ahead of elections in the US in November, Bloomberg News reported on Friday, citing people familiar with the company's thinking.Want to know more on Facebook mulls ban on political ads ahead of US elections - Bloomberg News click here go to market news source. Market news summary from Channel News Asia Business News.Author:

Fiat Chrysler recalls more than 900,000 US vehicles due to faulty air bag covers

Fiat Chrysler Automobiles NV said on Friday it would recall about 925,239 of its older model vehicles in the US to replace air bag covers on their steering wheels after 14 potentially related injuries.Want to know more on Fiat Chrysler recalls more than 900,000 US vehicles due to faulty air bag covers click here go to market news source. Market news summary from Channel News Asia Business...

US producer prices unexpectedly fall; underlying inflation stabilizing

US producer prices unexpectedly fell in June as rising costs for energy goods were offset by weakness in services, pointing to subdued inflation that should allow the Federal Reserve to keep pumping money into the economy to arrest a downward spiral.Want to know more on US producer prices unexpectedly fall; underlying inflation stabilizing click here go to market news source. Market news summary from Channel News Asia Business...

AliExpress Russia eyes US$10 billion turnover by 2022-2023, up an estimated 66per cent

AliExpress Russia, an e-commerce venture between Chinese online shopping giant Alibaba and Russian partners, said it was aiming for annual turnover of US$10 billion by 2022-2023, up from what analysts estimate is about US$6 billion now.Want to know more on AliExpress Russia eyes US$10 billion turnover by 2022-2023, up an estimated 66per cent click here go to market news source. Market news summary from Channel News Asia Business...

Australia approves Gilead’s remdesivir for COVID-19 treatment

Australia has granted provisional approval to Gilead Sciences Inc's remdesivir as the first treatment option for COVID-19 in the country, the Therapeutic Goods Administration (TGA) said on Friday.Want to know more on Australia approves Gilead's remdesivir for COVID-19 treatment click here go to market news source. Market news summary from Channel News Asia Business News.Author:

UK cyber security centre continuing work on Huawei, says PM’s spokesman

LONDON: UK's National Cyber Security Centre is continuing its work looking into Huawei, a spokesman for Prime Minister Boris Johnson said on Friday, responding to reports that culture minister Oliver Dowden would make a statement on Tuesday. "It's an ongoing process, the NCSC continue their ...Want to know more on UK cyber security centre continuing work on Huawei, says PM's spokesman click here go to market news source....

Exclusive: India panel proposes new regulator for non-personal data – draft report

India should set up a data regulator and require companies to disclose how they collect and store data devoid of personal details or which has been anonymised, a panel tasked to draw up such regulations has said in a draft report seen by Reuters.Want to know more on Exclusive: India panel proposes new regulator for non-personal data - draft report click here go to market news source. Market...

Honda to buy stake in China’s CATL, firms to jointly develop EV batteries

China's electric vehicle (EV) battery maker Contemporary Amperex Technology (CATL) said on Friday that Japanese automaker Honda will buy Stock Market in the company to hold a 1per cent stake and the firms will jointly develop EV batteries.Want to know more on Honda to buy stake in China's CATL, firms to jointly develop EV batteries click here go to market news source. Market news summary from Channel News...

Muji’s US business seeks bankruptcy protection over COVID-19

TOKYO: Minimalist lifestyle brand Muji's US subsidiary has filed for Chapter 11 bankruptcy protection, its Japanese owner Ryohin Keikaku said on Friday (Jul 10), joining the list of casualties from the coronavirus pandemic. Ryohin Keikaku said Muji aims to close unprofitable stores and renegotiate ...Want to know more on Muji's US business seeks bankruptcy protection over COVID-19 click here go to market news source. Market news summary from Channel...

‘Fortnite’ creator Epic Games gets US$250 million investment from Sony

REUTERS: Epic Games, the creator of the popular video game "Fortnite", said on Thursday it had received a US$250 million investment from Japan's Sony Corp for a minority stake in the company. Last month, Bloomberg reported that Epic was close to raising a US$750 million round of funding, from ...Want to know more on 'Fortnite' creator Epic Games gets US$250 million investment from Sony click here go to...
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