The death toll from the spread of coronavirus in the United States was approaching over 200,000 lives on Monday, more than double the number of fatalities in India, the country reporting the second-highest number of cases in the world.
Business & Financial News, U.S & International Breaking News
HSBC, StanChart shares fall to 22-year lows on reports of illicit money flows
HSBC's shares in Hong Kong and Standard Chartered's in London fell on Monday to their lowest since at least 1998 after media reports that they and other banks, including Barclays and Deutsche Bank, moved large sums of allegedly illicit funds over nearly two decades despite red flags about the origins of the money.
Tesla traders bet on Musk battery pitch to spark rally
Fasten your seatbelt, because Tuesday is Tesla's "Battery Day", and some investors expect Chief Executive Elon Musk's pitch on the electric car maker's energy storage advances to re-energize its rally following a recent 21% stock slump.
Tencent says WeChat will struggle to attract new U.S. users while White House, courts spar over ban
Chinese social media leader Tencent Holdings Ltd has said its WeChat may not be able to win new users in the United States while the White House challenges a court ruling preventing a ban on the messaging app.
Nikola founder steps down as executive chair in short-seller claims row
U.S. electric-truck maker Nikola Corp's founder Trevor Milton has stepped down as executive chairman, the company said on Sunday, as it battles allegations from a short-seller that it misled investors and automakers.
European shares fall to two-week lows as COVID-19 cases rise
European shares fell on Monday as rising COVID-19 infection rates in Europe prompted renewed lockdown measures in some countries, casting doubt over the economic recovery, with a lack of U.S. stimulus also weighing on sentiment.
Exclusive: China to lose access to Australian space tracking station
China will lose access to a strategic space tracking station in Western Australia when its contract expires, the facility's owners said, a decision that cuts into Beijing's expanding space exploration and navigational capabilities in the Pacific region.
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