July 10, 2020 09:33 (IST)
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Amid COVID-19 cases spike, UP govt announces lockdown from Friday night till Monday morning | West Bengal's COVID-19 tally nears 26000-mark with highest single-day spike of 1088 cases | Cabinet passes extending PM Garib Kalyan Anna Yojana till November | West Bengal COVID-19 Lockdown: German Consulate says it will restrict office presence to the lowest | 'Communist China terrorist': Tibetan cycle rally against Beijing cheers for India

India gives companies $20.5 bln tax break

India's government slashed corporate taxes on Friday, giving a surprise $20.5 billion break aimed at reviving private investment and lifting growth from a six-year low. David Pollard reports.

Tensions in Middle East hoist oil prices to largest weekly gain for months

Oil prices were on track to jump more than 7% this week, their biggest weekly rise in months, as early trading on Friday saw gains extended on fresh Middle East tensions. David Pollard reports.

Chinese Apple fans wish for 5G

The new iPhone 11 series hit stores in China among worries from fans that Apple may lose China's market for missing out on 5G technology. Ryan Brooks reports.

Facebook CEO visits lawmakers amid regulation push

Facebook CEO Mark Zuckerberg is spending three days in Washington with lawmakers in an attempt to soothe ruffled feathers in the face of numerous government investigations.  Conway G. Gittens reports.

Britain's Burger King says bye-bye kids toys

Burger King will stop handing out plastic toys in its children's meals and said on Thursday it was launching an amnesty for customers to return any freebies in a bid to tackle the growing problem of plastic waste. Gavino Garay reports.

Wall Street ends mixed

Wall Street ended mixed Thursday, a day after the Federal Reserve cut interest rates as expected and left the door open for further monetary easing. Fred Katayama reports.

Buybacks not always a boon - Gabriel

Shares of Microsoft and Target rallied Thursday after announcing big buybacks, but Thomson Reuters' Terence Gabriel tells Reuters' Fred Katayama that shares of big companies active in buybacks have underperformed the broader market.

Pelosi unveils drug price plan

U.S. House Speaker Nancy Pelosi unveiled a plan that would allow the federal government to negotiate the prices of prescriptions drugs for Medicare beneficiaries and consumers. Fred Katayama reports.