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Reuters

Dropbox to layoff 11pc of workforce, COO to step down
Business & Finance

Dropbox to layoff 11pc of workforce, COO to step down

  • Shares fell nearly 6% to $22.26 after Dropbox said Chief Operating Officer Olivia Nottebohm, who joined last year from Alphabet Inc's Google, will step down on Feb. 5.
  • Our Virtual First policy means we require fewer resources to support our in-office environment.
Published 13 Jan, 2021 08:06pm
Brazil services sector grows 2.6pc in Nov, sixth rise in a row
World

Brazil services sector grows 2.6pc in Nov, sixth rise in a row

  • Activities such as restaurants, hotels, family services and transport ... are recovering, but the need for social distancing means the sector has not yet returned to pre-pandemic (levels).
  • Services account for around two-thirds of Brazilian economic activity.
Published 13 Jan, 2021 07:59pm
Indian farmers burn legislation in show of defiance
World

Indian farmers burn legislation in show of defiance

  • Tens of thousands of farmers have been camped on the outskirts of the capital, New Delhi, for almost two months.
  • The government led by Prime Minister Narendra Modi denies this, saying the legislation is required to reform an agricultural sector beset by waste.
Published 13 Jan, 2021 07:55pm
Italy to extend COVID state of emergency to end of April
World

Italy to extend COVID state of emergency to end of April

  • The state of emergency, first introduced in January 2020, had been set to expire at the end of this month.
  • In the past week there has been a generalised worsening of the epidemic, we are back to an expansionary phase.
Published 13 Jan, 2021 07:45pm
India wants Pfizer to do local study for approval
World

India wants Pfizer to do local study for approval

  • As of now, the pre-condition for any vaccine to be implemented in India is that you have to do a bridging trial.
  • Paul also said Russia's Sputnik V, a shot undergoing last-stage trials in India, will soon apply for emergency-use approval in the country.
Published 13 Jan, 2021 07:36pm
Target holiday sales jump 17pc on strong online demand
Business & Finance

Target holiday sales jump 17pc on strong online demand

  • Target's sales through Shipt same-day delivery service jumped more than 300% in the November-December period.
  • The retailer's store traffic also rose 4.3% during the holiday season as people combined their shopping trips and limited it to large retailers amid a surge in pandemic.
Published 13 Jan, 2021 07:32pm
Gold-backed ETFs end record 2020 with second month of outflows
Markets

Gold-backed ETFs end record 2020 with second month of outflows

  • Gold is traditionally used as a safe store of wealth, and investors rushed to hoard it as the pandemic swept through the global economy.
  • ETFs grew their holdings by 876 tonnes in 2020 - equivalent to around a quarter of the annual output of the world's gold mines.
Published 13 Jan, 2021 07:26pm
London Stock Exchange gets EU nod for $27bn takeover of Refinitiv
Markets

London Stock Exchange gets EU nod for $27bn takeover of Refinitiv

  • The European Commission, which oversees competition policy in the 27-nation European Union.
  • Infrastructure competition in trading services and access to financial data products on fair and equal terms is essential for the European economy and in particular for consumers and businesses.
Published 13 Jan, 2021 07:24pm
Mathews returns to Sri Lanka squad for England tests
Sports

Mathews returns to Sri Lanka squad for England tests

  • Batsman Dhananjaya de Silva and fast bowler Kasun Rajitha were both ruled out against England after suffering injuries in South Africa.
  • England blanked the hosts 3-0 in the test series on their last trip to Sri Lanka in 2018 but have key personnel missing from that touring party currently.
Published 13 Jan, 2021 07:18pm