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Shanghai aims to reopen more businesses shuttered by COVID, Beijing fights back

Shopping malls and stores in Shanghai will gradually resume in-store operations Some districts in Beijing extend work-from-home guidance Shanghai lockdown frustrates and infuriates residents The brakes have rattled global supply chains SHANGHAI/BEIJING, May 15 (Reuters) – Shanghai will gradually start reopening businesses such as shopping malls and hair salons in China’s financial and manufacturing hub…
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The dismantling of the tech sector is more a catharsis than a crisis

After a series of “super clarification” meetings with shareholders, Uber chief executive Dara Khosrowshahi sent an email to employees on Sunday night with a stark message: “we need to show them the money.” Mutilating his metaphors, Khosrowshahi explained that the market was experiencing a “seismic shift” and the “goals have changed”. The priority for the…
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Severe pilot shortage in the United States forces airlines to seek solutions

Airline pilots walk through Ronald Reagan Washington National Airport on December 27, 2021 in Arlington, Virginia. Anna Moneymaker | Getty Images The United States is facing its worst pilot shortage in recent memory, forcing airlines to cut flights just as travelers return after more than two years of the Covid-19 pandemic. The crisis pushes the…
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3 stocks that could quickly rebound from the tech stock crash | The Motley Fool

The tide has been ebbing in the market lately – and especially on high-growth technologies. the Nasdaq Composite Index is down about 30% from all-time highs, but many individual stocks have been down even more than that. The reasons for this vicious accident are many, but here’s the thing about tides: they don’t come out…
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Stock Market Dive: 3 Discounted Stocks to Buy Now and Never Sell | The Motley Fool

There’s no doubt that it’s been a tough year for an investor. Since hitting historic highs in the first week of January, the iconic Dow Jones Industrial Average and broad-based S&P500 were down 13.5% and 18%, respectively, as of May 11. For dependent growth stocks Nasdaq Compound, it was an even more painful fall. After…
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Exclusive: India’s Reliance to Acquire Dozens of Brands in $6.5 Billion Consumer Goods Game

Customers buy groceries at a Reliance Industries Ltd supermarket in Mumbai, India October 7, 2020. REUTERS/Niharika Kulkarni/File Photo Join now for FREE unlimited access to Reuters.com Register Indian retail giant predicts big push in consumer goods sector Dependence in end-stage talks with 30 brands for deal source Indian company recruits distributors and executives for new…
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$230 million settlement reached over 2015 California oil spill

Find out what clicks on FoxBusiness.com. The owner of a pipeline that dumped thousands of barrels of crude oil on Southern California beaches in 2015 has agreed to pay $230 million to settle a class action lawsuit brought by fishermen and landowners, according to reports. court documents. Houston-based Plains All American Pipeline agreed to pay…
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British airlines offer big bonuses to recruit crew in case of shortages

British airlines have come under intense pressure over the past two months as they grapple with a seemingly endless staffing crisis. Staff shortages have repeatedly forced airlines to cancel hundreds of flights for lack of operational manpower, disrupting flight schedules and causing many frustrated passengers to be stranded. Desperate for numbers One such struggling UK…
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George Soros backs Rivian bet as Ford delivers bad news

Rivian (SHORE) – Get the Class A report from Rivian Automotive, Inc. was scared but the electric vehicle manufacturer made up for it well. The young manufacturer of electric SUVs and pick-ups has just cleared some of the many doubts hanging over its short-term future. The Irvine, Calif.-based company confirmed its production target of 25,000…
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Cold, hard, hygienic money? BYU study finds going without cash was ‘useless’ to prevent COVID-19

Liz Atkinson, Quicksilver store manager at Traverse Mountain Outlets in Lehi, cleans a terminal after a transaction on May 1, 2020. Many companies have started encouraging transactions with plastic debit and credit cards as a security measure for fight against the spread of COVID -19. Now, research from BYU indicates that plastic payment cards are…
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