Thursday, 16 July 2020

Amazon India demands product listings have country of origin by August 10

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Amazon India demands product listings have country of origin by August 10

Amazon.com Inc's India unit has told sellers they must provide country of origin information on product listings by August 10, according to an email sent by the e-commerce giant to sellers, against a backdrop of brewing anti-China sentiment.

ECB takes policy pause even as pandemic worries rise

The European Central Bank kept policy unchanged as expected on Thursday, taking a pause after a string of extraordinary moves that pushed out the boundaries of monetary policy and helped the euro zone stay afloat during a pandemic-induced recession.

Morgan Stanley profit jumps 45% on trading boom

Morgan Stanley posted a better-than-expected surge in quarterly profit on Thursday, driven by strong trading gains as the coronavirus pandemic drove record swings in global financial markets.

Exclusive: Nissan plans 30% cut in car output to Dec as virus hits demand - sources

Nissan Motor Co is planning a 30% year-on-year cut in global vehicle production through December as falling demand due to the COVID-19 pandemic complicates its turnaround efforts, two sources with knowledge of the matter told Reuters.

Amid virus crisis, U.S. bars imports of Malaysia's Top Glove over labour issues

U.S. Customs placed a detention order on imports of products made by subsidiaries of the world's largest medical glove maker, Malaysia's Top Glove Corp Bhd , an action taken against firms suspected of using forced labour.

Domino's U.S. sales surge on pizza demand during pandemic

Domino's Pizza Inc on Thursday comfortably beat Wall Street estimates for quarterly same-restaurant sales, as diners ordered in more pies since dine-in options remain limited due to lockdowns triggered by the COVID-19 pandemic.

European shares knocked lower by China concerns, ECB in focus

European shares fell on Thursday after deteriorating U.S.-China relations and worse-than-expected Chinese domestic consumption data hurt Asian stocks and global risk appetite.

Top EU court ditches transatlantic data transfer deal

Europe's highest court ruled on Thursday that a transatlantic data transfer deal is invalid because of concerns about U.S. surveillance in a decision that could disrupt thousands of companies that rely on the agreement.

EU justice chief says will boost data transfers tool after court setback

The European Commission will closely study a top EU court ruling striking down an EU-U.S. data transfer pact and consider how to boost such transfers with its U.S. counterpart, EU Justice Chief Didier Reynders said on Thursday.

Factbox: Reaction after EU court strikes down transatlantic data transfer deal

Europe's top court on Thursday quashed a transatlantic data transfer deal for the second time because of U.S. surveillance concerns in a ruling that could disrupt thousands of companies that rely on the pact.

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