 | | | | U.S. Secretary of State Mike Pompeo on Thursday urged the European Union to exclude "high-risk" suppliers from all parts of 5G networks. | | | | | | Canadian Imperial Bank of Commerce will lay off employees in the months ahead to cut costs, a memo obtained by Reuters showed. | | | | | | Italian prosecutors have investigated UBS Europe for possible money laundering and obstructing the work of regulators as part of a fraud inquiry into small asset manager Sofia SGR, two sources with direct knowledge of the matter said. | | | | | | Oil prices fell more than 2% on Thursday to the lowest in three months on concerns over the potential economic impact of the coronavirus that continues to spread worldwide, while the market also considered the possibility of an early OPEC meeting. | | | | | | Global equity markets tumbled on Thursday as the death toll from China's coronavirus outbreak hit 170, pummeling oil prices and inverting a closely watched bond as investors worried about the world's second-largest economy. | | | | | | U.S. stocks dropped on Thursday as the coronavirus outbreak raised concerns about damage to the global economy, with what is shaping up to be a lackluster earnings season contributing to the decline. | | | | | | Fresh battle lines are being drawn that could lead to farm trade restrictions between the United States and Mexico, a letter from a top Mexican trade official seen by Reuters shows, despite the goodwill generated by the newly signed North American trade pact. | | | | | | Facebook Inc has reached a $550 million settlement of claims it collected and stored millions of users' biometric data without their consent, as Chief Executive Mark Zuckerberg pledged better protections for users to address privacy concerns that have dogged the social media company. | | | | | | For some shopkeepers in Paris, home to prestigious stores where Chinese tourists love to splurge, an abrupt drop-off in visitors as China tries to contain a fast-spreading coronavirus health crisis is hitting hard. | | | | | | U.S. refineries and petrochemical plants are cutting back on insurance because several years of severe accidents have driven up the cost of coverage, industry and insurance sources said. | | | | | |
