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Renault poised to announce 15,000 layoffs worldwide: union

FILE PHOTO: A logo of Renault carmaker is pictured at a dealership in Nantes, France, May 26, 2020. REUTERS/Stephane Mahe PARIS (Reuters) – French carmaker Renault is poised to announce 15,000 layoffs worldwide on Friday as it unveils a plan to boost its profitability and cope with faltering sales, a representative for…

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Can You Get the Virus From a Surface?

Want to get The Morning by email? Here’s the sign-up. Good morning. China passes its Hong Kong crackdown. Europe and Japan push for new stimulus. And Larry Kramer is remembered as a historic figure. But let’s start with a coronavirus question many people find confusing. As lockdowns lift, many more Americans are…

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The World Is Still Far From Herd Immunity for Coronavirus

The coronavirus still has a long way to go. That’s the message from a crop of new studies across the world that are trying to quantify how many people have been infected. Official case counts often substantially underestimate the number of coronavirus infections. But in new studies that test the population more…

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FedEx set to take stake in German deliver firm Hermes: report

BERLIN (Reuters) – U.S. logistics company FedEx Corp (FDX.N) is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday. A FedEx Express logo is seen on an airplane at Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease (COVID-19)…

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Wall Street gains amid economic hopes; tech shares decline

(Reuters) – The Dow and S&P 500 rose on Wednesday, powered by banks stocks, as optimism for an economic recovery as lockdowns continued to ease overshadowed worries of simmering U.S.-China tensions. Traders wearing masks work, on the first day of in person trading since the closure during the outbreak of the coronavirus…

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Oil slides on U.S.-China tensions

NEW YORK (Reuters) – Oil futures tumbled on Wednesday after U.S. President Donald Trump said he was working on a strong response to China’s proposed security law in Hong Kong and as some traders doubted Russia’s commitment to deep production cuts. FILE PHOTO: An employee holds a sample of crude oil at…

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