Happy Monday! TikTok is going through a rough patch in India. Fewer people downloaded the Chinese video-sharing app in April and May compared to the previous two months amid reduced marketing and advertising spend due to the Covid-19 pandemic.
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U.S. manufacturing activity eased off an 11-year low in May, though the recovery from the Covid-19 crisis could take years because of high unemployment. The Institute for Supply Management (ISM) said on Monday its index of national factory activity rose to a …
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Universities Superannuation Scheme, London, will exclude tobacco and certain other companies that are “financially unsuitable” for the £68 billion ($83.9 billion) pension fund. The fund’s in-house money manager, USS Investment Management, for the first …
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MUMBAI: Demand is returning to the auto sector, though slowly, if the May sales are an indication. Although vehicle sales in May were a fraction of what the sector reported in the year-ago period, they were better than the near zero numbers reported in April.
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Mumbai: Moody’s Investors Service on Monday downgraded India’s foreign currency and local currency long-term issuer ratings to Baa3 from Baa2, citing the country’s policymaking institutions will be challenged in enacting and implementing policies which …
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