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Thursday, 13 August 2020

Toyota, Mazda joint venture Alabama plant will now cost $2.3 billion

Toyota, Mazda joint venture Alabama plant will now cost $2.3 billion

Toyota Motor Corp and Mazda Motor Corp said on Thursday they will invest $2.3 billion in a new joint venture factory in Alabama, $830 million more than announced in their original plan in 2018.

Fortnite maker sues Apple after removal of game from App Store

Apple Inc on Thursday removed popular video game "Fortnite" from its App Store for violating the company's in-app payment guidelines, prompting developer Epic Games to file a lawsuit against the iPhone maker seeking to end its in-app payment practices.

U.S. downloads of WeChat, Signal apps spike after Trump threatens ban

More users in the United States downloaded chat app WeChat and its encrypted alternative Signal, after President Donald Trump threatened to ban WeChat, owned by Chinese company Tencent, according to Sensor Tower data shared with Reuters on Thursday. 

Impossible Foods raises $200 million in fresh funding

Plant-based burger maker Impossible Foods said on Thursday it secured $200 million in funding, less than six months after it raised the largest investment ever for a food tech startup, bringing total funds raised since its founding in 2011 to $1.5 billion.

S&P 500 ends down slightly after flirting with record levels again

The S&P 500 ended slightly lower on Thursday after briefly trading above its record closing high level for a second day, and the Dow also fell in the wake of a disappointing forecast from Cisco Systems Inc .

Two Republican senators ask U.S. FTC to investigate TikTok's data collection practices

Two U.S. Republican senators on Thursday asked the Federal Trade Commission for an investigation of video-sharing app TikTok's consumer data collection and processing practices.

Stocks and oil fall with eyes on U.S. stimulus

Stocks ticked down from 6-month highs on Thursday on concern over a stalled U.S. economic relief deal, while oil fell and the euro edged up against the U.S. dollar.

Exclusive: ByteDance censored anti-China content in Indonesia until mid-2020 - sources

Chinese tech giant ByteDance censored content it perceived as critical of the Chinese government on its news aggregator app in Indonesia from 2018 to mid-2020, six people with direct knowledge of the matter told Reuters.

Judge rejects Uber, Lyft bids to delay California driver injunction

A California judge on Thursday refused to give Uber Technologies Inc and Lyft Inc more time to appeal his decision forcing them to classify drivers in that state as employees, which they have said would necessitate restructuring their businesses.

Oil slips after IEA lowers 2020 demand forecast

Oil prices eased on Thursday after the International Energy Agency lowered its 2020 oil demand forecast due to unprecedented travel restrictions to fight the coronavirus, but resilience in equities markets and a weak dollar limited losses.

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