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| Nokia wins 5G contract over Huawei in Belgium |
10/13/2020 |
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The moves are among the first by commercial operators in Europe to drop Huawei from next-generation networks and come after months of diplomatic pressure from Washington, which alleges Huawei equipment could be used by Beijing for spying.
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| AMD aims at acquiring Xilinx |
10/13/2020 |
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The WSJ reported that AMD’s stock grew 89% this year, and the company now has a valuation over $100 billion. Xilinx, meanwhile, has had to contend with the vicissitudes of President Donald Trump’s trade war with China; it tried and failed to secure a dispensation to keep supplying Huawei.
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| Global economic watchdog proposed an overhaul of international tax rules |
10/13/2020 |
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The Paris-based Organization for Economic Cooperation and Development, which advises the world's top economies, said its global tax overhaul framework will be presented to Group of 20 finance ministers meeting this week and could be implemented by mid-2021 if an agreement is reached. The group estimated the measures could raise an extra $100 billion in corporate tax revenues annually.
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| Lockheed Martin joins the rank into Military hypersonic-specific technology developments |
10/12/2020 |
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Lockheed Martin today announced the signing of a definitive agreement to acquire a portion of Integration Innovation Inc. (i3), a software and systems engineering company based in Huntsville, Alabama. The portfolio alignment between i3 and Lockheed Martin provides the opportunity to design and deliver hypersonic-specific technology solutions that benefit the warfighter.
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| Trump now looking to salvage part of stimulus bill |
10/9/2020 |
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He called on Congress to send him a “Stand Alone Bill for Stimulus Checks ($1,200)” — a reference to a preelection batch of direct payments to most Americans that had been a central piece of negotiations between Pelosi and the White House.
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| IMF predicts long recovery |
10/8/2020 |
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“We continue to project a partial and uneven recovery in 2021,” Georgieva said in a speech previewing next week’s fall meetings of the 189-nation IMF and its sister lending agency the World Bank where the IMF will release its updated economic outlook.
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| Fed Chairman: Recovery will be slow without further stimulus |
10/8/2020 |
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Powell asserted that economic support from the government — including expanded unemployment insurance payments, direct payments to most U.S. households and financial support for small businesses — has so far prevented a recessionary “downward spiral” in which job losses would reduce spending, forcing businesses to cut even more jobs.
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| U.S. reach highest trade deficit in 14 years |
10/7/2020 |
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the gap between the goods and services the United States sells and what it buys abroad climbed 5.9% in August to $67.1 billion, highest since August 2006. Exports rose 2.2% to $171.9 billion on a surge in shipments of soybeans, but imports rose more.
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| Modern great bullion relocations |
10/6/2020 |
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The Netherlands' central bank transported its Dutch-based stock of gold — 14,000 bars and about 1,000 boxes of gold coins — from its headquarters in Amsterdam to a safe in the nearby city of Haarlem in a meticulously and closely guarded operation.
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| Microsoft seeks to build three data center sites in Greece |
10/6/2020 |
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Greece recently emerged from a years-long financial crisis but its economy has been hard hit by the pandemic, suffering a 15.2% drop in output on the year in the second quarter. Unemployment in June climbed to 18.3% from 16.4% at the start of the year.
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