Oil prices fell about 1% on Tuesday after rising earlier in the session as hopes dimmed for a swift stimulus package to relieve the U.S. economy as coronavirus cases increased globally.
Polestar, the premium electric vehicle maker owned China's Geely and Volvo Cars, would like to eventually be publicly listed, but the immediate focus is on successfully launching the new Polestar 2 electric sedan, the startup's chief executive said on Tuesday.
Leaders from major U.S. companies, including banks and tech giants, have formed a group aimed at increasing the hiring of individuals from minority communities in New York.
Three Democratic members of the U.S. House of Representatives on Tuesday urged Facebook Inc to enact the policy recommendations of the company's oversight board, empowering the independent group of advisers, which the lawmakers said have limited responsibilities.
American Airlines told employees on Tuesday the company is extending the window to apply for voluntary exit packages or long-term voluntary leave of absences through Aug. 17.
President Donald Trump has threatened to ban the short-video app TikTok and messaging service WeChat by late September on grounds that the Chinese-owned apps pose a national security threat. It would mark the first time the United States has attempted to shut down widely used mobile internet apps.
Facebook Inc said on Tuesday it removed 7 million posts in the second quarter for sharing false information about the novel coronavirus, including content that promoted fake preventative measures and exaggerated cures.
U.S. oil refiners this quarter are expected to spend the most since at least 2018 to meet U.S. biofuels requirements, further pressuring margins hit by the collapse since March in global prices and demand.
The number of people in work in Britain has suffered the biggest drop since 2009 and signs are growing that the coronavirus will take a heavier toll on the labour market as the government winds down its huge job-protection scheme.
The scramble is on, with over 150 different efforts against the coronavirus in development. Robert Cyran explains some of the big questions around them – such as when a vaccine will be available, potential manufacturing problems, and how to ensure people get one.
Leaders from major U.S. companies, including banks and tech giants, have formed a group aimed at increasing the hiring of individuals from minority communities in New York. Fred Katayama reports.
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