Monday 24 August 2020

U.S. judge overseeing criminal case against Halkbank will not recuse himself

U.S. judge overseeing criminal case against Halkbank will not recuse himself

Turkish state lender Halkbank has lost a bid to have the U.S. judge overseeing a criminal case accusing it of helping Iran evade American sanctions recuse himself.

Facebook blocks group of one million critical of Thai monarchy amid government pressure

Facebook on Monday blocked access within Thailand to a group with 1 million members that discusses the country's king, after the Thai government threatened legal action over failure to take down content deemed defamatory to the monarchy.

S&P, Nasdaq close at new highs as Wall Street rides bull momentum

The S&P 500 and the Nasdaq reached new record closing highs on Monday as optimism over potential medical advances in the war against the coronavirus pandemic pushed all three major U.S. stock indexes higher.

Global stocks advance on coronavirus treatment hopes, dollar gains

A gauge of global equity markets raced toward a record high on Monday in a rally that lifted the S&P 500 and Nasdaq to all-time peaks and buoyed the dollar as hopes for coronavirus treatments bolstered risk appetite.

Apple to reopen some U.S. stores closed due to COVID-19 spikes: Bloomberg News

Apple Inc plans to start reopening U.S. retail stores that had been closed over the past several weeks due a resurgence in COVID-19 cases, Bloomberg News reported on Monday, citing people with knowledge of the matter.

Tesla, automakers urge FTC to seek appeal after defeat in Qualcomm case

A group of tech companies and automakers, including Tesla Inc , Ford Motor Co , Honda Motor Co Ltd and Daimler AG , on Monday urged the U.S. Federal Trade Commission to seek an appeal after its loss in a case against chip supplier Qualcomm Inc .

LVMH and Tiffany push back deal deadline by three months: source

French luxury goods giant LVMH and U.S. jewellery chain Tiffany will give themselves another three months to complete their $16.2 billion tie-up after the deal did not close on the Aug. 24 date set out in deal documents, a source familiar with the discussions said.

TikTok sues Trump administration over U.S. ban, calls it an election ploy

TikTok on Monday sued U.S. President Donald Trump's administration over his executive order banning transactions in the United States with the popular short-form video-sharing app, calling it a pretext to fuel anti-China rhetoric as he seeks reelection.

Uncertain future keeps California citrus grower awake at night

The potential loss of his life's work has kept Vince Bernard up at night, worried about whether he would be able to save his citrus farm.

Germany investigates Porsche over suspected petrol engine manipulation

Germany's motor vehicle authority KBA is investigating Volkswagen's luxury sports vehicles unit Porsche AG over the suspected manipulation of petrol engines to achieve improved emissions data.

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