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Tesla's Elon Musk calls for breakup of Amazon in tweet

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Tesla Inc Chief Executive Elon Musk on Thursday called for Amazon.com Inc to be broken up.

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Singapore heading for record unemployment in 2020 - finance minister

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Singapore's finance minister said its unemployment rate could rise to a record of over 100,000 in 2020 due to fallout from the COVID-19 pandemic.

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Malaysia exempts palm oil from export duty

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Malaysia will fully exempt palm oil from export duty this year as part of plans to support industries badly hit by the coronavirus pandemic.

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Exclusive: Pompeo calls Nasdaq's strict rules a model to guard against fraudulent Chinese companies

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U.S. Secretary of State Mike Pompeo on Thursday warned American investors against fraudulent accounting practices at China-based companies and said the Nasdaq's recent decision to tighten listing rules for such players should be "a model" for all other exchanges around the world.

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German industry orders in record slump, but worst is likely over

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Orders for German industrial goods fell 25.8% in April, suffering their biggest drop since records began in 1991, but the low point has probably passed for the backbone of Europe's largest economy, the Economy Ministry said on Friday.

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OPEC+ to meet Saturday on extending cuts, pushing for compliance

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OPEC and its allies led by Russia meet on Saturday to discuss extending record oil production cuts and to approve a new approach that aims to force laggards such as Iraq and Nigeria to comply better with the existing curbs.

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SBI's profit jumps four-fold on gain from card unit stake sale

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State Bank of India (SBI), the country's largest lender by assets, reported a more than four-fold jump in profit for the fourth quarter on Friday, driven by a one-time gain from a stake sale in its credit card unit.

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Traditional owners say Rio Tinto knew importance of caves razed for mine

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Rio Tinto Ltd knew the cultural and historical significance of two caves in Western Australia years before it blew them up last month as part of an iron ore mine expansion, traditional owners said on Friday.

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Global stocks and euro surge ahead of U.S. jobs data

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World stocks held their ground near three-month highs as the euro hit its highest level since March 10, thanks to Europe's stimulus boost, fuelling hopes for a global rebound.

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Japan's household spending falls at record pace as virus stalls economy

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Japan's household spending fell at the fastest pace on record in April as the coronavirus shut down travel and dining-out in the world's third-largest economy, while fears of higher job losses chilled consumer confidence.

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EU sets up financial crime unit as pandemic poses new risks

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The European Union on Friday set up a unit of investigators to tackle an expected surge in financial crime in the economic downturn triggered by the COVID-19 pandemic and crack down on defrauding of state subsidies.

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Exclusive: Unfazed by pandemic, Bank of Japan to keep economic recovery view - sources

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The Bank of Japan is likely to maintain this month its projection that the economy will gradually recover from the damage wrought by the coronavirus pandemic in the latter half of this year, sources said.

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Once targeted by officials, street vendors make unexpected comeback in China

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Three weeks ago, Beijing authorities swooped in on Shan Peng and her makeshift street stall, seizing her merchandise - yogurt and casual pants - and even her electric tricycle.

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Toyota to launch hydrogen fuel cell venture with Chinese auto firms

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Japanese automaker Toyota Motor Corp said on Friday it would launch a new China joint venture with Chinese auto companies to develop fuel cell systems.

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Lonza picks Roche exec as CEO, ending year of turmoil at the top

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Lonza Group on Friday named a veteran Roche manager to become its new chief executive, as the Swiss contract drug manufacturer seeks to end a year of turmoil at the top and accelerates work to produce a possible COVID-19 vaccine.

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Japan's Dentsu evacuates Tokyo HQ after bomb threat

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Japan's largest advertising agency, Dentsu Group Inc, has evacuated its Tokyo headquarters after receiving a bomb threat, an internal company email reviewed by Reuters showed on Friday.

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Jaguar Land Rover raises $705 million loan from Chinese banks

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Jaguar Land Rover (JLR), owned by India's Tata Motors, has entered into agreements with lenders in China for a secured term loan facility of 5 billion yuan ($704.50 million), marking its first debt financing in China, it said.

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Australia shakes up foreign investment laws for national security

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Australia announced the biggest shakeup of its foreign investment laws in almost half a century on Friday, including giving the government the power to force the sale of a business if it creates a national security risk.

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Gold heads for third week of losses amid signs of recovery

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Gold eased on Friday ahead of a key U.S. jobs report and looked set for a third consecutive weekly decline as hopes for an economic recovery stoked interest in assets seen as higher risk, like stocks, at the metal's expense.

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Australia's AAP news agency lives on after finding buyers

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Australian Associated Press (AAP) said on Friday it expects to be sold to a group of philanthropic investors, a reprieve for the news agency that had been facing closure, and for the industry, after a run of layoffs as advertising dwindles.

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