Alibaba beats estimates as pandemic fuels online, cloud computing demand - Reuters
(Reuters) - China’s Alibaba Group Holding Ltd ( BABA.N ) beat quarterly revenue and profit estimates on Thursday, as its core commerce and cloud computing businesses continued to grow following China’s emergence from the coronavirus lockdown.
Sales from the commerce business alone jumped 34% to 133.32 billion yuan ($19.27 billion) in the quarter ending in June, slightly slower than a year earlier but still enough to prod its shares higher after the results.
The
Chile lithium producer SQM posts record sales, profits plagued by low prices - Reuters
SANTIAGO (Reuters) - Chilean miner SQM ( SQMB.SN ) achieved record second-quarter sales of lithium even as low prices ravaged profits, the world’s No. 2 producer of the metal used in electric car batteries said on Wednesday.
SQM said it sold more than 12,
S&P 500 rises as tech gains offset weak U.S. data - Reuters
NEW YORK (Reuters) - Nasdaq ended at a record high on Thursday, with the S&P 500 and Dow also rising, as gains in heavyweight tech stocks outweighed downbeat data that affirmed the Federal Reserve’s view of a difficult road to economic recovery.
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Wall Street slips as jobless claims climb back to one million - Reuters
NEW YORK (Reuters) - Nasdaq ended at a record high on Thursday, with the S&P 500 and Dow also rising, as gains in heavyweight tech stocks outweighed downbeat data that affirmed the Federal Reserve’s view of a difficult road to economic recovery.
Gains in Apple Inc
Breakingviews - Corona Capital: EQT, Australia, Defaults, Drugs - Reuters
NEW YORK/LONDON/MUMBAI (Reuters Breakingviews) - Corona Capital is a daily column updated throughout the day by Breakingviews columnists around the world with short, sharp pandemic-related insights.
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ECB confirm revised start times for England-Pakistan third Test - Reuters UK
(Reuters) - The third Test between England and Pakistan that begins on Friday at the Ageas Bowl will feature revised playing timings to accommodate for poor weather conditions, the England and Wales Cricket Board (ECB) said on
After half-century in politics, Joe Biden to accept Democratic presidential nomination - Reuters
WASHINGTON (Reuters) - Joe Biden will speak directly to Americans about his plan to unite a country battered by the coronavirus pandemic and economic misery on Thursday as he accepts the Democratic nomination to challenge President Donald Trump in the Nov. 3 U.S. election.
Alaska’s salmon are shrinking, and climate change may be to blame - reuters.com
ANCHORAGE, Alaska (Reuters) - Alaska’s highly prized salmon - a favorite of seafood lovers the world over - are getting smaller, and climate change is a suspected culprit, a new study reported, documenting a trend that may pose a risk to a valuable fishery, indigenous people and wildlife.
India's silver imports could tumble as scrap supplies surge, importers say - Reuters India
MUMBAI (Reuters) - India’s silver imports are likely to fall by more than 40 percent from a year ago to the lowest level in eight years, with investors booking profit by selling stocks after local prices rallied to a record high this month, leading importers said.
Lower imports by the world’s biggest silver consumer could weigh on global prices that have risen more
Germany issues travel warning for parts of Croatia - Reuters
BERLIN (Reuters) - Germany issued a warning against travel to parts of Croatia on Thursday as Europe’s largest economy battles to contain a rising number of coronavirus cases during the summer season.
The German foreign ministry advised against travel to the regions of Sibenik-Knin and Split Dalmatia, which are popular with tourists, after the public health agency declared them coronavirus risk regions, making tests for returnees mandatory.
The number of new cases in Germany has been rising steadily since early July and has accelerated in recent weeks. On