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Tokyo stock price fall reflects virus threat to Olympics, say analysts

Nikkei 225 average drops 16 per cent over the week amid broad pandemic-linked sell-off




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Netflix is chilling in Iceland but the rest of the world is a problem

As global lockdowns boost streaming subscriptions, filming freezes spell trouble ahead




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Global stocks end higher on hopes of oil price war truce

Energy sector leads US S&P 500 to 2.3% gain   




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Cement price rise points to surge in China construction

Experts fear country is embarking on more white elephant projects




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Building sites start to close despite government advice

Move comes amid escalating political row with London’s mayor over coronavirus risks




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Von der Leyen tells China to price carbon

Commission president sets out Brussels’ plan for CO2 border adjustment mechanism




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Donald Trump’s erratic diplomacy has a price

The UK’s decision on Huawei should give the US cause for reflection as much as reproach




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Oil price crash threatens Texas university endowments

Turmoil in commodity market slashes state colleges’ revenues




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Thermal coal prices collapse after virus lockdowns sap demand

IEA expects global consumption will decline 8% this year in largest drop since second world war




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StanChart and HSBC face losses on loans to rice trader

Phoenix Commodities seeks debt restructuring after racking up $450m of currency hedge losses




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Deal of the week: Post Office Inflation Linked Bond

Timely relaunch allows savers to keep pace with the rising cost of living




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Gas suppliers follow EDF’s 5 per cent price cut

First big energy supplier to pass on lower wholesale costs




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Decarbonisation to drive ‘dramatic’ rise in cement prices, says Redburn

Production costs to rise by 61% when industry invests in carbon capture




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Crunch time for tycoon as Digicel bond clouds loom

Ireland’s richest man O’Brien faces struggle to refinance former cash cow’s debt pile




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Vale warns steel production cuts will hit iron ore prices

Chief expects weak demand from mills outside China to offset supply disruptions elsewhere




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Consumers pay big price after free cash machines close

Withdrawal fees soar to £104m and banks save £120m in ATM shake-up




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Ineos acquires French football club Nice

Jim Ratcliffe-led chemicals group adds top-flight team to growing sports portfolio




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Pinn’s illustration of the week: Thin ice

The world faces increasing temperatures




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5G devices were less than 1% of US smartphone purchases in 2019

No surprise, really, that 5G smartphone sales are on the way up. Frankly, there’s really no other way to go, according to the latest numbers from NPD’s Mobile Phone Tracking. The firm noted that 5G handsets accounted for less than 1% of total sales in the U.S. The hurdles are also what you’d expect: namely, […]




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Walmart is piloting a pricier 2-hour Express grocery delivery service

Record usage of grocery delivery services amid the COVID-19 pandemic has led to delayed orders, fewer open delivery windows and, on occasion, an inability to even book a delivery time slot. Walmart now hopes to capitalize on the increased demand for speedier delivery with the introduction of a new service that allows consumers to pay […]




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44 million US adults now use ‘borrowed’ accounts to access streaming services

Cutting the cord with cable or satellite TV used to mean a cost savings. But with the growing number of streaming services on the market, many consumers are finding that becoming a cord cutter is just as expensive, if not more so, as being a pay TV customer. As a result, many consumers continue to […]




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TiVo enters the streaming market with a $50 Android TV-powered device, TiVo Stream 4K

TiVo today is launching a new device, its would-be Fire TV Stick competitor known as the TiVo Stream 4K. First announced at the Consumer Electronics Show in January, this $50 Android TV-powered HDMI dongle is TiVo’s attempt to insert itself into the streaming media device market. The new dongle arrives at a time when TiVo […]




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Google launches ‘Read Along,’ a free app that helps young children practice reading

Google today is launching a new app, Read Along, that aims to help elementary school students practice their reading skills and stay educationally engaged amid school closures due to coronavirus. The new Android app is based on Google’s existing application, Bolo, which launched in India last year with a catalog of read-along stories in both […]




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Coronavirus cops: TV police shows for the crisis

With police enforcing the lockdown, it may mean new roles for some old telly favourites




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Apple Watch designer reveals the device’s origins on its fifth birthday

Update: We mistakenly noted in an earlier version that Chaudhri had been a part of Microsoft’s Hololens team. The story has been updated to remove the reference.  In his two decades at Apple, Imran Chaudhri worked on many of the company’s most iconic product lines, including the iPhone, iPad and Mac. The designer left the […]




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Tesla shares fall on Elon Musk ‘stock price too high’ tweet

Tesla CEO Elon Musk tweeted Friday that the company’s stock price was “too high” in his opinion, immediately sending shares into a free fall and in possible violation of an agreement reached with the U.S. Securities and Exchange Commission last year. Tesla shares fell nearly 12% in the half hour following his stock price tweets […]




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My Christmas book choices: fuel for the post-lunch argument 

From social mobility to how tax policy has shaped our history — and future




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FDA authorizes production of a new ventilator that costs up to 25x less than existing devices

The U.S. Food and Drug Administration (FDA) has authorized the manufacture of the Coventor ventilator, a new hardware design first developed by the University of Minnesota. The project sought to create a ventilator that could provide the same level of life-saving care as existing ventilator models, but with a much lower cost to help ramp […]




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Amazon, Flipkart, Ola and Uber begin to resume their services in India

E-commerce firms Amazon and Walmart’s Flipkart, and ride-hailing giants Ola and Uber are partially resuming their services in India after Prime Minister Narendra Modi’s government eased some restrictions late last week to revive economic activity that’s been stalled since the stringent stay-at-home orders were imposed across the nation in late March. The companies said in […]




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WorldGaze uses smartphone cameras to help voice AIs cut to the chase

If you find voice assistants frustratingly dumb, you’re hardly alone. The much-hyped promise of AI-driven vocal convenience very quickly falls through the cracks of robotic pedantry. A smart AI that has to come back again (and sometimes again) to ask for extra input to execute your request can seem especially dumb — when, for example, […]




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Apple Watch designer reveals the device’s origins on its fifth birthday

Update: We mistakenly noted in an earlier version that Chaudhri had been a part of Microsoft’s Hololens team. The story has been updated to remove the reference.  In his two decades at Apple, Imran Chaudhri worked on many of the company’s most iconic product lines, including the iPhone, iPad and Mac. The designer left the […]




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Google launches ‘Read Along,’ a free app that helps young children practice reading

Google today is launching a new app, Read Along, that aims to help elementary school students practice their reading skills and stay educationally engaged amid school closures due to coronavirus. The new Android app is based on Google’s existing application, Bolo, which launched in India last year with a catalog of read-along stories in both […]




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Saudi Arabia shows Asia focus with renewed oil price discounts

Kingdom offers crude to US at a premium but shows reluctance to lose Asian market share




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Argentina plans to set $45 oil price in push to save Vaca Muerta

Executive decree set to prop up prices in hopes of saving domestic shale industry




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British voters face an impossible choice

Boris Johnson’s allies include a national mood of exhaustion, and his Labour opponent




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Stilt, which provides financial services for immigrants, raises $7.5 million seed round

Stilt, a Y Combinator alum that provides financial services for immigrants without Social Security numbers or credit reports, announced today that it has closed a $7.5 million seed round. It also launched FDIC-insured pre-approved global bank accounts today. The startup has raised equity from investors including Liron Petrushka; Hillsven Capital; Streamlined Ventures; Gokul Rajaram; Bragiel […]




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Acast partners with JioSaavn, one of India’s largest streaming audio services

Acast, a podcast monetization and distribution platform, announced a new partnership with JioSaavn, one of the largest streaming audio services in India. The agreement mean JioSaavn will distribute content from Acast and have access to its technology for podcasters. JioSaavn, which claims 104 million monthly active users, is the second-largest streaming audio service in India […]




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Lucid Lane has developed a service to get patients off of pain meds and avoid addiction

Four years ago, Adnan Asar, the founder of the new addiction prevention service Lucid Lane, was enjoying a successful career working as the founding chief technology officer at Livongo Health. It was the serial senior tech executive’s most recent job after a long stint at Shutterfly and he was shepherding the company through the development […]




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Shine adds invoice insurance to its freelancer bank account

French startup Shine is adding a new option today. If you think there’s a chance that a client is not going to pay your next invoice, you can insure that invoice to avoid any bad surprise. Shine is building a challenger bank for freelancers and small companies. It lets you send and receive money in […]




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Streaming service Hooq shuts down, ends partnerships with Disney’s Hotstar, Grab and others

Hooq, a five-year-old on-demand video streaming service that aimed to become “Netflix for Southeast Asia,” has shut down weeks after filing for liquidation and terminated its partnerships with Disney’s Hotstar, ride-hailing giant Grab, and Indonesia’s VideoMax. Hooq Digital, a joint venture among Singapore telecom group Singtel (majority owner), Sony Pictures, and Warner Bros Entertainment, discontinued […]




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Lucid Lane has developed a service to get patients off of pain meds and avoid addiction

Four years ago, Adnan Asar, the founder of the new addiction prevention service Lucid Lane, was enjoying a successful career working as the founding chief technology officer at Livongo Health. It was the serial senior tech executive’s most recent job after a long stint at Shutterfly and he was shepherding the company through the development […]




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Google launches ‘Read Along,’ a free app that helps young children practice reading

Google today is launching a new app, Read Along, that aims to help elementary school students practice their reading skills and stay educationally engaged amid school closures due to coronavirus. The new Android app is based on Google’s existing application, Bolo, which launched in India last year with a catalog of read-along stories in both […]




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Replace non-stop Zoom with remote office avatars app Pragli

Could avatars that show what co-workers are up to save work-from-home teams from constant distraction and loneliness? That’s the idea behind Pragli, the Bitmoji for the enterprise. It’s a virtual office app that makes you actually feel like you’re in the same building. Pragli uses avatars to signal whether co-workers are at their desk, away, […]




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Clubhouse voice chat leads a wave of spontaneous social apps

Forget the calendar invite. Just jump into a conversation. That’s the idea powering a fresh batch of social startups poised to take advantage of our cleared schedules amidst quarantine. But they could also change the way we work and socialize long after COVID-19 by bringing the free-flowing, ad-hoc communication of parties and open office plans […]




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Yelp is making it easier for businesses to highlight their virtual services

As businesses struggle to reinvent themselves in the midst of the COVID-19 pandemic, Yelp is launching new features to help highlight these changes. For one thing, it’s adding a new information category called virtual service offerings, which will allow businesses to showcase the fact that they’re providing things like virtual consultations, classes, tours and performances. […]




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Residential propane price decreases slightly

The average retail price for propane is $2.02 per gallon, down half a cent from last week's price, and down 41.5 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Propane prices in the Midwest region averaged $1.66 per gallon, down 1.1 cents from last week, and down 16.2 cents from a year ago.




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Residential heating oil price increases

The average retail price for home heating oil rose 2.3 cents from last week to $3.08 per gallon. That's down 2.3 cents from a year ago, based on the residential heating fuel survey by the U.S. Energy Information Administration. Heating oil prices in the New England region are at $2.99 per gallon, up 1.8 cents from last week, but down 10.9 cents from a year ago.




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U.S. gasoline price continues to increase (short version)

The U.S. average retail price for regular gasoline rose to $2.58 a gallon on Monday. That's up 7 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. gasoline price continues to increase (long version)

The U.S. average retail price for regular gasoline rose to $2.58 a gallon on Monday. That's up 7 tenths of a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.




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U.S. diesel fuel price continues to increase

The U.S. average retail price for on-highway diesel fuel rose to $3.08 a gallon on Monday. That's up a penny from a week ago, based on the weekly price survey by the U.S. Energy Information Administration.