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Reuters

Amazon sends legal notice to India's Future Group over Reliance deal
Business

Amazon sends legal notice to India's Future Group over Reliance deal

  • Amazon's investment in Future Group came with contractual rights that include a right of first refusal and a non-compete-like pact.
  • Reliance said in August it would acquire the retail and wholesale business as well as the logistics and warehousing business of Future in a deal valued at $3.38 billion.
Published 08 Oct, 2020 01:04am
US CDC reports 210,232 deaths from coronavirus
World

US CDC reports 210,232 deaths from coronavirus

  • The CDC reported its tally of cases of the respiratory illness known as COVID-19, caused by a new coronavirus.
  • The CDC figures do not necessarily reflect cases reported by individual states.
Published 08 Oct, 2020 12:58am
Hungary to revive 5pc VAT rate on housing to boost economy: PM
World

Hungary to revive 5pc VAT rate on housing to boost economy: PM

  • The measure fuelled a housing boom in Budapest of a kind not seen since before the 2008 global financial crisis and helped boost Hungary's economic growth rate to around 4% to 5%.
  • The VAT rate on home building projects will again be 5% until Dec. 31, 2022.
Published 08 Oct, 2020 12:37am
Eli Lilly applies for emergency use of antibody drug for COVID-19
Business

Eli Lilly applies for emergency use of antibody drug for COVID-19

  • The drugmaker said its two-antibody cocktail helped reduce viral levels more than the single antibody treatment had in a prior study.
  • We believe that Lilly's data provides some real evidence that the combo mAb (monoclonal antibody) approach may provide meaningful clinical benefits.
Published 08 Oct, 2020 12:28am
Google poised to strike deal to pay French publishers for their news
Business

Google poised to strike deal to pay French publishers for their news

  • The world's most popular internet search engine said it planned to pay $1 billion to publishers globally over the next three years for their news.
  • The Alliance de la Presse d'Information Générale (APIG) and Google have been working together for a year on the remuneration of neighboring rights under the French law.
Published 08 Oct, 2020 12:22am
Britain stands with France, Germany over Navalny, Raab says
World

Britain stands with France, Germany over Navalny, Raab says

  • The UK stands side by side with our German and French partners in our response to the abhorrent poisoning of Alexei Navalny.
  • We will work together with our international partners to take forward sanctions targeting Russian officials and others.
Published 08 Oct, 2020 12:17am