Tata Motors says it will significantly reduce $6.4 billion debt over three years - Reuters India
NEW DELHI (Reuters) - India’s Tata Motors Ltd ( TAMO.NS ) will significantly reduce its group automotive debt of 480 billion rupees ($6.4 billion) over the next three years, the company’s chairman said during its annual shareholder meeting on Tuesday.
Tata Motors is “deleveraging this business substantially” and has set targets to generate free cash
Best Buy says sales growth to slow after work-from-home boom - Reuters
(Reuters) - Consumer electronics retailer Best Buy Co Inc ( BBY.N ) warned of a slowdown in sales in the third quarter as it faces risks from the coronavirus pandemic including unemployment, lower government stimulus and potential product shortages.
The company’s shares fell as much as 7.4%
Turkey back on F1 calendar as Chinese GP is axed - Reuters UK
LONDON (Reuters) - Formula One fleshed out its 2020 calendar to 17 races on Tuesday, with the Chinese Grand Prix cancelled due to the COVID-19 pandemic but Turkey back on for the first time since 2011 and Bahrain handed two rounds.
Parachutist makes world's first jump from solar-powered plane - Reuters
PAYERNE, Switzerland (Reuters) - A parachutist completed the world’s first jump from a solar-powered aircraft on Tuesday after the plane soared to a height of 1,520 metres (nearly 5,000 ft) over western Switzerland, Swiss organisers said.
The two-seater prototype plane made the test flight in good weather and to promote renewable energy. Parachutist Raphael Domjan reached a speed of 150 kilometres per hour during his jump, landing near the project base in Payerne.
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Exclusive: Nasdaq files with SEC for IPO alternative to raise funds - Reuters
NEW YORK (Reuters) - Exchange operator Nasdaq Inc ( NDAQ.O ) has filed with U.S. regulators to change its rules to enable companies that debut on the stock market through a direct listing to raise capital, as an alternative to an initial public offering.
The move underscores a desire for an alternative route to the public markets
In California heatwave, pandemic makes it hard to cool off - Reuters India
RANCHO CORDOVA, Calif. (Reuters) - Before the COVID-19 pandemic shut down air-conditioned shopping malls and movie theaters, Debera Diaz and her adult son Joshua could have ducked inside to escape the 109 degree Fahrenheit heat that roasted their town near Sacramento last week.
Apple to open India online store in September: Bloomberg News - Reuters
BENGALURU (Reuters) - Apple Inc is set to open an online store in India next month, Bloomberg News reported on Tuesday, citing a person familiar with the matter.
The iPhone maker currently sells its products in the country through third-party vendors and e-commerce firms such as Amazon.com Inc and Walmart Inc-owned Flipkart.
The company
S&P 500, Nasdaq close at record highs on trade, vaccine developments - Reuters
NEW YORK (Reuters) - The S&P 500 and the Nasdaq hit all-time closing highs on Tuesday, but a drop in Apple stock capped gains from positive developments in U.S.-China trade and fresh progress in the medical battle against the coronavirus pandemic.
Republican convention heads to White House as Melania Trump takes spotlight - Reuters India
WASHINGTON (Reuters) - The Republican National Convention moves to the White House on Tuesday night, where first lady Melania Trump is to make the case for re-electing President Donald Trump as his race against Democrat Joe Biden takes a harsher tone.
Republicans painted a dire portrait of America if former Vice President Biden wins the Nov. 3 election at a convention sharply scaled back due to the coronavirus pandemic, with Trump campaign adviser Kimberly Guilfoyle warning on Monday that Democrats want to “destroy this country.”
Democrats on Tuesday criticized
PRECIOUS-Gold slips as risk sentiment improves - Reuters
* European stocks open higher
* Dollar index down 0.2%
* Interactive graphic tracking global spread of coronavirus: open tmsnrt.rs/3aIRuz7 in an external browser (Updates prices)
By Diptendu Lahiri
Aug 25 (Reuters) - Gold prices fell on Tuesday as hopes surrounding a potential COVID-19 vaccine and positive signals on the U.S.-China trade front buoyed risk sentiment and offset support for the metal from a weaker dollar.
Spot gold fell 0.3% to $1