Business news in the world

Business news in the world.

The dollar recovered overnight losses and European stocks rose on Friday, even as coronavirus cases increased in some countries, as markets reassessed expectations for an economic recovery before a key European Union meeting.

Exclusive: Chief of Malaysia’s Petronas quit over payment to state, sources say.

The chief of Malaysian energy giant Petronas quit this month after disagreement with the prime minister over giving more oil money to one of the country’s states run by a government ally, sources close to the government and the company said.

Trump renews threat to cut ties with Beijing, a day after high-level U.S.-China talks.

President Donald Trump on Thursday renewed his threat to cut ties with China, a day after his top diplomats held talks with Beijing and his trade representative said he did not consider decoupling the U.S. and Chinese economies a viable option.

Deutsche Telekom targets U.S. top spot.

Deutsche Telekom boss Tim Hoettges has his sights on becoming market leader in the United States, setting a high bar for U.S. unit T-Mobile after its $23 billion takeover of Sprint.

Japan shoppers queue, crash website for Uniqlo’s washable masks.

Japanese shoppers queued at Uniqlo stores and crashed its website on Friday as the clothing chain began selling face masks with breathable fabric used in the brand’s popular underwear, preparing for the coronavirus outbreak lasting through summer.

Oil rises above $42 as OPEC+ laggards say to make more cuts.

Oil rose to above $42 a barrel on Friday, adding to gains in the previous session, after OPEC producers and allies promised to meet supply cuts and signs of demand, hit by the coronavirus crisis, recovering.

South Korea’s wealthy, passed over by pandemic pain, splurge on Porsches and BMWs.

Hwang Min-yong, a 37-year-old South Korean businessman, recently received his black Porsche Cayenne coupe with red leather seats after a seven-month wait and took it out for a spin on a scenic road overlooking a river near Seoul.

Colgate reviewing Chinese toothpaste brand Darlie amid debate on racial inequality.

Colgate-Palmolive on Thursday said it was working to review and evolve its Chinese toothpaste brand, Darlie, the latest in a string of brand reassessments amid a U.S. debate on racial inequality.

Wirecard slumps 40% as search for missing billions turns to Philippines.

Wirecard shares fell by more than 40% as two Philippine banks said the German payments company, which is scrambling to find $2.1 billion missing from its accounts, was not a client and alleged that documents had been falsified.

Dollar set for weekly gains as geopolitical tensions simmer.

Mounting geopolitical tensions and fears that a second wave of COVID-19 cases could stymie a swift economic recovery set the dollar on track for its best weekly gain in a month on Friday.

Politics Video.

Oklahoma governor ‘so excited’ to have Trump rally.

Two days before U.S. President Donald Trump’s planned campaign rally in Tulsa, Oklahoma, Governor Kevin Stitt told Trump his state is ready for his visit. “It’s going to be safe and we are really, really excited,” Stitt said.

Facebook pulls Trump ad over ‘hate’ policy breach.

Trump fans gather in Tulsa as virus cases rise.

Politics News.

U.S. Supreme Court thwarts Trump plan to end ‘Dreamers’ immigrant program.

The U.S. Supreme Court on Thursday dealt President Donald Trump a major setback on his hardline immigration policies, blocking his bid to end a program that protects from deportation hundreds of thousands of immigrants – often called “Dreamers” – who entered the United States illegally as children.

Trump administration’s ‘sloppy’ work has led to Supreme Court losses.

Twitter labels Trump’s tweet as ‘manipulated media’

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