A House subcommittee is driving up pressure Wednesday on companies marketing coronavirus antibody tests that may fail to meet “a reasonable standard of accuracy.” Rep. Raja Krishnamoorthi (D-Ill.), chairman of the House Oversight subcommittee on …
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IAG SA will slash the work force at its flagship British Airways by almost 30% in a painful restructuring aimed at shrinking the airline group for a downturn that could last for years. IAG shares fell as much as 6% Wednesday, after the airline group said that as …
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Oil bounced 15% on Wednesday against a backdrop of slowing demand for inventory storage. Wednesday’s gains came after the American Petroleum Institute reportedly said that US oil inventories rose by just shy of 10 million barrels last week. That was …
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With the release of Safaricom’s 2019/2020 FY results, there are new details about the massive telecom’s userbase and revenue. Service revenue grew by +4.8% year on year to $2.3-billion (KES 251.2-billion) from the $2.2-billion (KES 239.8-billion) recorded …
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U.S. equity futures pointed to solid gains at the opening of trade on Wednesday ahead of key updates from the Federal Reserve and the first look at U.S. first-quarter GDP growth. Investors hope Fed Chairman Jerome Powell will detail how long central bank …
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