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MIDEAST STOCKS-Major Gulf markets mixed; Aramco's Q2 profit declines - Reuters

MIDEAST STOCKS-Major Gulf markets mixed; Aramco's Q2 profit declines - Reuters:Dubai’s stock market traded lower early on Sunday, hurt by losses at financials and property shares, while other major bourses in the Gulf were little changed.Saudi Arabia’s benchmark index rose 0.3%, with Al Rajhi Bank gaining 0.7%, while oil giant Saudi Aramco was up 0.3% despite reporting a fall in second-quarter profit.Aramco’s net profit fell to 24.6 billion riyals ($6.56 billion) for the quarter to June 30 from ...
Tags: Travel, Saudi Arabia, Dubai, Gulf, Reuters, Aramco, Saudi Aramco, Emaar Properties, Rupert Neil Bumfrey, Al Rajhi Bank, Emirates NBD Bank, COVID


U.S. sanctions branded 'clowning actions' as Hong Kong vows not to be intimidated

The Hong Kong government called the sanctions "shameless and despicable" and said the city would not be intimidated by them.
Tags: Hong Kong, Finance, Article, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/china, Fox-business/politics/china-tariffs, Fox-business/tech, Fox-business/markets/hong-kong, E6c3128e-ce4c-5632-9591-324867c160ff


Coronavirus live news: UK deaths rise by 55 to 46,566 as Indian health workers strike

Ten of thousands demand better pay and protection as cases rise in the Philippines, Greece and ItalyTrump poised to intervene in relief plans after talks break down‘We’re still so tired’: European doctors brace for second wave‘Very dead’: army and police patrol the deserted streets of coronavirus-stricken Melbourne 6.18pm BST President Donald Trump on Saturday intends to sign an executive order intended to provide economic relief to Americans hurt by the coronavirus pandemic after the White ...
Tags: UK, Science, White House, World news, Medical Research, Ireland, Infectious Diseases, Melbourne, Donald Trump, Reuters, Philippines Greece, Coronavirus outbreak, Congress a White House


Backstory: Covering the Beirut blast, bruised and bloodied

Reuters senior television producer Ayat Basma provided the world with some of the first images of the damage caused when 2,750 tonnes of ammonium nitrate, stored at the Beirut port, ignited and caused a blast that would end up killing at least 150 people and destroying a swathe of the city. "I was lying on the ground, and all I could hear was the sirens of the car alarms," said Basma, who had taken a day off work on Tuesday. Bleeding from a gash in her head, with wet hair and hastily dressed, ...
Tags: News, Beirut, Reuters, Basma, Ayat Basma


Yara expects $1 billion #Qatar sales proceeds by end-August - Reuters

Yara expects $1 billion Qatar sales proceeds by end-August - Reuters:Yara (YAR.OL), one of the world’s largest fertiliser-makers, expects to finalise its long-awaited sale of a stake in Qatar Fertiliser Company later this month, a senior executive at the Norwegian firm said on Friday.In its earnings report for the second quarter, released on July 17, Yara had said it expected to complete the $1 billion transaction “within 2-3 weeks”, followed by a share buyback program, leading some analysts to ...
Tags: Travel, Qatar, Reuters, Yara, Rupert Neil Bumfrey, Qatar Petroleum, QAFCO, Qatar Fertiliser Company, Thor Giaever


Facebook Removes QAnon Conspiracy Group With 200,000 Members

An anonymous reader quotes a report from the BBC: Facebook has deleted a large group dedicated to sharing and discussing QAnon conspiracy theories. QAnon is a wide-ranging, unfounded conspiracy theory that a "deep state" network of powerful government, business and media figures are waging a secret war against Donald Trump. A Facebook spokeswoman said the group was removed for "repeatedly posting content that violated our policies." The deleted Facebook group, called Official Q/Qanon, had nearly...
Tags: Facebook, Tech, Bbc, Donald Trump, Reuters, Facebook Removes QAnon Conspiracy Group


Oil slips below $45/bbl on demand concerns but posts weekly rise - Reuters

Oil slips below $45/bbl on demand concerns but posts weekly rise - Reuters:Oil prices fell nearly 2% on Friday, limiting their weekly gain due to concerns the global recovery could falter from a resurgence of coronavirus cases.The rise in infections remains the dominant issue for the fuel demand outlook. Cases in the United States are still rising in a number of states, while India recently reported a record daily jump in infections. More than 700,000 people have died in the worldwide pandemic.B...
Tags: Travel, India, United States, Wti, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


Tencent and its hyper-popular messaging app WeChat have become Trump's latest target. Here's how the company became a $69 billion behemoth that has a stake in everything from 'Fortnite' to Hollywood blockbusters. (TCEHY)

An executive order issued Thursday night by President Donald Trump bars US companies and individuals from making any transaction with WeChat, a social media app owned by Chinese giant Tencent.  Tencent isn't a household name in the US, but it's one of the most valuable companies in the world and has a stake in everything from blockbuster films to gaming.  In fact, Tencent is the biggest video game company in the world. It owns US game studio Riot Game and has a substantial stake in Epic Games,...
Tags: Facebook, Asia, Hollywood, China, Softbank, US, Los Angeles, Trends, Bloomberg, Ben Thompson, Facebook Messenger, Tencent, WeChat, Nba, Berkshire Hathaway, National Basketball Association


A great interactive visualization of the weird ways that we perceive time

Reuters published this interactive article Why time feels so weird in 2020 in early July. That was about a month ago, as of this writing; it was also about halfway through the bizarro time vortex hell year known as 2020. Between social media and quarantine, our shared temporal existence has become increasingly warped and disproportionate, but I'm pretty sure that's how the timeline works, anyway. Or at least, for now. And that confusion is precisely the focus of the article: The global coronavir...
Tags: Psychology, Post, News, Time, Reuters, Quarantine, Coronavirus, 2020 Is Weird, Temporal Anomalies, Feilding Cage Reuters


Exclusive: Lebanon navigates food challenge with no grain silo and few stocks

Lebanon's government holds no strategic stockpile of grains and Tuesday's blast destroyed the privately held stocks at its only large grain silo, the economy minister, a U.N. official and a regional grain expert told Reuters. The destruction of the 120,000-tonne capacity structure and of the port, the main entry point for food imports, means buyers will have to rely on smaller private storage facilities for their wheat purchases with no government reserves to fall back on, exacerbating fears of...
Tags: News, Lebanon, Reuters


Facebook extends coronavirus work from home policy until July 2021

Facebook has joined Google in saying it will allow employees to work from home until the middle of next year as a result of the coronavirus pandemic. “Based on guidance from health and government experts, as well as decisions drawn from our internal discussions about these matters, we are allowing employees to continue voluntarily working from home until July 2021,” a spokeswoman told the Reuters news agency. Facebook also said it will provide employees with an additional $1,000 to spend on “...
Tags: Apple, Google, Social, Work From Home, Facebook, Mark Zuckerberg, Twitter, UK, New York, London, Office, Tech, Remote Work, Atlanta, Reuters, Denver Dallas


Oil slips to $45 on demand concerns, set for weekly rise - Reuters

Oil slips to $45 on demand concerns, set for weekly rise - Reuters:Oil dipped to around $45 a barrel on Friday on worries that a demand recovery would slow due to a resurgence of coronavirus cases, although a pledge from OPEC member Iraq to cut oil output further in August lent support.The resurgence of infections remains a key issue for the market and demand outlook. Tallies show cases in the United States are rising in a number of states. India reported on Friday a record daily jump in infecti...
Tags: Travel, Iraq, India, Opec, United States, Donald Trump, Reuters, U S Congress, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


China accuses Trump and Pompeo of 'madness' over tech purge

The Trump administration's plan to ban various Chinese technologies, and doing business with various Chinese tech entities, is a clear sign of “madness” in U.S. Secretary of State Mike Pompeo, wrote China’s state-run tabloid Global Times in an editorial on Thursday. From Reuters: “Pompeo has uttered anti-China remarks almost every day, and constantly played tricks to intensify conflicts between China and the U.S., and display Trump administration’s toughness toward China,” the editorial read....
Tags: Post, Technology, News, China, United States, Trump, Reuters, State, U S State Department, Global Times, Pompeo, Mike Pompeo, Clean Network


Trump PAC banned by Facebook from advertising because of repeated false posts

Facebook is banning the pro-Trump Republican PAC “The Committee to Defend the President” from advertising, after the PAC repeatedly posted content identified as false by third-party fact-checkers. “As a result of the Committee to Defend the President’s repeated sharing of content determined by third-party fact-checkers to be false, they will not be permitted to advertise for a period of time on our platform,” said Facebook spokesman Andy Stone Thursday. From Reuters: The company declined to ...
Tags: Facebook, Post, Technology, News, Tech News, PAC, Committee, Reuters, Trump PAC, The Committee, Andy Stone, Trump Republican PAC


Doing business with TikTok's Chinese owner is banned under new Trump order

Donald Trump on Thursday issued an executive order that bans doing business with ByteDance, the China-based company that owns TikTok. The ban takes effect in 45 days. From Reuters: The app may be used for disinformation campaigns that benefit the Chinese Communist Party and the United States “must take aggressive action against the owners of TikTok to protect our national security,” Trump said in the order. More at Reuters.
Tags: Post, Business, Politics, Technology, News, China, US news, United States, Chinese communist party, Donald Trump, Trump, Reuters, Bytedance, Tiktok


Twitter to label Russian and other state-run media accounts as foreign controlled

Twitter will label the accounts of state-controlled media entities, as well as their senior staff and government officials, said the company in a blog post Thursday. There are no U.S. media outlets on the list. From the Twitter blog post: Twitter provides an unmatched way to connect with, and directly speak to public officials and representatives. This direct line of communication with leaders and officials has helped to democratize political discourse and increase transparency and accountabi...
Tags: Twitter, Post, Business, Technology, News, China, Russia, US news, Tech News, Reuters, Xinhua News, Sputnik RT, Disinformation, Twitter Today, Dmitry Polyanskiy


Oil settles below 5-month highs amid fuel demand worries - Reuters

Oil settles below 5-month highs amid fuel demand worries - Reuters:Oil prices hovered below five-month highs on Thursday, falling after a session in which bearish sentiment about fuel demand counteracted optimism about Iraq’s supply cuts, pushing the benchmarks in and out of positive territory. Concerns remain that demand is depressed by the economic slowdown due to the coronavirus pandemic, said Phil Flynn, senior analyst at Price Futures Group in Chicago.“Everyone is waiting for the coronaviru...
Tags: Travel, Iraq, Chicago, Reuters, Rupert Neil Bumfrey, Phil Flynn, Price Futures Group


US Senate Votes To Ban TikTok App On Government Devices

The U.S. Senate on Thursday unanimously voted to ban federal employees from using TikTok on government-issued devices. Reuters reports: The app has come under fire from U.S. lawmakers and the Trump administration over national security concerns because China's ByteDance owns the technology. The company currently faces a deadline of Sept. 15 to either sell its U.S. operations to Microsoft Corp or face an outright ban. "I'm encouraged by the bipartisan support we have seen in this body to hold the...
Tags: Senate, China, US, Tech, United States, House, House Of Representatives, Chinese communist party, Trump, Reuters, U S Senate, U S, Microsoft Corp, Ken Buck, Josh Hawley, Bytedance


Airbus shareholders in U.S. file fraud lawsuit over disclosures, corruption probes

The proposed class action was filed by shareholder Andrew Kornecki in the federal court in Newark, New Jersey.
Tags: Finance, Article, Airbus, Reuters, FBN, Fbn/markets, Fox-business/lifestyle/airplanes, Fox-business/money/legal, 12ef8546-f7ea-5219-9828-6539036f9dc5, Andrew Kornecki


US to Purge ‘Untrusted’ Apps in New Measures Against China

The U.S. government is stepping up efforts against Chinese technology companies as it prepares to purge App Stores of "untrusted" Chinese apps, reports Reuters. Secretary of State Mike Pompeo said the U.S. "Clean Network" program would focus on five areas and include steps to prevent various Chinese apps and telecoms companies from accessing the sensitive information of American citizens and businesses. One U.S. official said it was a push back against a "massive campaign to steal and weaponi...
Tags: Washington, China, US, United States, Federal Communications Commission, WeChat, App Stores, State Department, Donald Trump, Huawei, China Mobile, China Telecom, Reuters, Wang Yi, Ccp, State


Four more former Audi managers indicted in diesel case

Four more former Audi managers have been indicted on allegations of cheating on emission tests for diesel engines.
Tags: Finance, Article, Audi, Reuters, FBN, Fbn/markets, Fox-business/markets, Fox-business/markets/oil, Fox-business/industries/auto, Fox-business/industries/media-and-advertising, Audrey Conklin, C10b9b1d-2eb3-5096-8091-93a02ef52e6c


First Thing: Trump still claims Covid will 'go away', Fauci disagrees

Facebook removed a post containing false information about the coronavirus from the president’s page. Plus, a pill to cure lonelinessDon’t already get First Thing in your inbox? Sign up hereGood morning,Donald Trump claimed again on Wednesday that the coronavirus would “go away”, and “sooner rather than later”. That is not the view of his administration’s top infectious disease expert, Dr Anthony Fauci, who told Reuters it would take at least a year to bring the pandemic under control, saying it...
Tags: Facebook, Donald Trump, Anthony Fauci, Trump, Reuters, Fauci, COVID


Oil prices just under five-month highs, supported by weaker dollar - Reuters

Oil prices just under five-month highs, supported by weaker dollar - Reuters:Oil prices slipped just below five-month highs on Thursday, with support from a weak dollar .DXY and falling U.S. crude inventories undermined by bearish sentiment about fuel demand.Brent crude LCOc1 fell 7 cents to $45.10 a barrel by 0802 GMT, while U.S. crude CLc1 was down 25 cents at $41.94.The two benchmarks rose to their highest since March 6, completing a four-day rally, after the Energy Information Administration...
Tags: Travel, Energy Information Administration, Reuters, Rupert Neil Bumfrey


MIDEAST STOCKS-Major Gulf indexes rise as financial stocks gain - Reuters

MIDEAST STOCKS-Major Gulf indexes rise as financial stocks gain - Reuters:Major Gulf stock markets rose in early trade on Thursday, largely led by gains in financial shares, with many investors having returned from Eid Al-Adha holidays.Saudi Arabia’s benchmark index gained 0.5%, driven by a 1% increase in Al Rajhi Bank and a 2.4% rise in Samba Financial Group.Samba on Wednesday posted a 2% rise in quarterly net profit to 955 million riyals ($254.65 million), surviving a period marked by the coro...
Tags: Travel, Saudi Arabia, Dubai, Reuters, Aramex, Rupert Neil Bumfrey, Al Rajhi Bank, Major Gulf, Emirates NBD Bank, Samba Financial Group Samba


TikTok doubles down in Europe with new $500 million Irish data center as it faces being hounded out of the US

TikTok announced Thursday it's setting up a new €420 million ($498 million) data center in Ireland. The data center is slated to open in early 2022, and will house user data from TikTok's European users. This comes just as TikTok is having to brace itself against hiving off its US business. Visit Business Insider's homepage for more stories. As TikTok faces getting squeezed out of the US, the company appears to be shoring up its European operations. In a blog post on Thursday, TikTok's global...
Tags: Europe, UK, London, Microsoft, Singapore, US, Trends, Eu, Bbc, Ireland, New Zealand, Switzerland, Dublin, Trump, Reuters, Cloutier


#AbuDhabi's Etihad Airways loses $758 million in first half - Reuters

Abu Dhabi's Etihad Airways loses $758 million in first half - Reuters:Abu Dhabi’s Etihad Airways said its core operating loss deepened to $758 million in the first half of the year as passenger traffic fell by nearly 60% due to the coronavirus pandemic.The state carrier suspended regular, scheduled passenger flights in March due to the pandemic. Those services began to resume June.Its core operating loss was up nearly 30% from $586 million a year ago as the airline carried around 3.5 million pas...
Tags: Travel, Abu Dhabi, Reuters, Etihad Airways, Rupert Neil Bumfrey


Oil prices mixed as coronavirus concerns undercut support from lower U.S. crude stocks - Reuters

Oil prices mixed as coronavirus concerns undercut support from lower U.S. crude stocks - Reuters:Oil prices were mostly flat on Thursday, as a boost from lower-than-expected U.S. crude stocks that lifted the market to five-month highs in the previous session gave way to fuel demand concerns amid rising coronavirus infections.U.S. West Texas Intermediate (WTI) crude CLc1 futures eased 3 cents, or 0.1%, to $42.16 a barrel by 0436 GMT, while Brent crude LCOc1 futures rose 9 cents or nearly 0.2% to ...
Tags: Travel, Energy Information Administration, Reuters, U S West Texas Intermediate WTI, Rupert Neil Bumfrey


Dr. Fauci predicts drugmakers will likely produce 1 billion COVID-19 vaccines by the end of 2021

Fauci, the US's top infections disease official, told Reuters there will likely be tens of millions of doses available by early next year.
Tags: News, US, Reuters, Fauci


Trump's Justice Department tells court to block California net neutrality law

The U.S. Justice Department on Wednesday asked a federal judge to block California’s net neutrality law, arguing federal law preempts the state's statute. From Reuters: In October, a U.S. appeals court largely upheld the Federal Communications Commission (FCC) repeal of landmark U.S. net neutrality rules. In 2018, California agreed not to enforce its own state net neutrality law until a final court decision on the FCC repeal. The Trump FCC in 2017 voted 3-2 to toss out Obama-era rules prohi...
Tags: Post, Business, Technology, News, Fcc, Net Neutrality, Obama, California, Tech News, Justice Department, Reuters, U S Justice Department, Federal Communications Commission FCC, Trump FCC, Trump s Justice Department, Netneutrality


Twitter makes 'Team Trump' remove false coronavirus post, banned from tweeting until post was removed

Twitter told one of President Trump's accounts (the re-election campaign account 'Team Trump') to remove a tweet containing coronavirus misinformation, and the account was locked from tweeting until the post was removed. There were initially conflicting reports, which cleared up after an hour or so of an initial report. From @Twitter: “The @TeamTrump Tweet you referenced is in violation of the Twitter Rules on COVID-19 misinformation. The account owner will be required to remove the Tweet be...
Tags: Facebook, Twitter, Post, Politics, News, Washington Post, Social Media, US news, Fox News, Donald Trump, Trump, Reuters, Twitter Inc, Facebook Twitter, Sullivan, Vincent Lee