Today's Top News Story

U.S. sets record as coronavirus cases top 5 million

(Reuters) - The United States set a record for coronavirus cases on Saturday, with more than 5 million people now infected, according to a Reuters tally, as the country's top infectious diseases official offered hope earlier this week that an effective vaccine might be available by year-end. Read More

 

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Trump signs coronavirus relief orders after talks with Congress break down

BEDMINSTER, N.J. (Reuters) - President Donald Trump signed executive orders on Saturday partly restoring enhanced unemployment payments to the tens of millions of Americans who lost jobs in the coronavirus pandemic, as the United States marked a grim milestone of 5 million cases. More »

 

Saudi Aramco's profit plunges 73.4%, sees signs of oil market recovery

DUBAI (Reuters) - Saudi state oil group Aramco <2222.SE> on Sunday reported a 73.4% fall in second-quarter net profit, a steeper drop than analysts had forecast, and said it expected capital expenditure for 2020 to be at the lower end of a $25 billion to $30 billion range. More »

 

Afghanistan to release 400 'hard-core' Taliban to start peace talks

KABUL (Reuters) - Afghanistan agreed on Sunday to release 400 "hard-core" Taliban prisoners, paving the way for the beginning of peace talks aimed at ending more than 19 years of war. More »

 

Twitter expressed interest in buying TikTok's U.S. operations: sources

(Reuters) - Twitter Inc has approached TikTok's Chinese owner ByteDance to express interest in acquiring the U.S. operations of the video-sharing app, two people familiar with the matter told Reuters, as experts raised doubts over Twitter's ability to put together financing for a potential deal. More »

 

France's Macron to host donor conference for blast-stricken Lebanon

PARIS (Reuters) - French President Emmanuel Macron will host U.S. President Donald Trump and other political leaders on Sunday for a U.N.-endorsed donors' conference by video to raise emergency relief for Lebanon following this week's massive explosion in Beirut. More »

 

Eastman Kodak's $765 million U.S. loan agreement on hold after recent allegations

(Reuters) - Eastman Kodak Co's $765 million loan agreement with the U.S. government to produce pharmaceutical ingredients has been put on hold due to "recent allegations of wrongdoing," the U.S. International Development Finance Corp (DFC) said. More »

 

Coronavirus punishes Warren Buffett as Berkshire Hathaway takes big writedown

(Reuters) - Berkshire Hathaway Inc on Saturday announced a $9.8 billion writedown and 10,000 job losses at its Precision Castparts aircraft parts unit, as the coronavirus pandemic caused widespread pain at Warren Buffett's conglomerate. More »

 

India begins examination of plane's black box after deadly crash

NEW DELHI (Reuters) - Indian investigators on Sunday began examining the black box of a Boeing-737 that overshot a runway on its second attempt, killing 18 people in the country's worst aviation accident in a decade. More »

 

Oil giants' production cuts come to 1 million bpd as they post massive writedowns

(Reuters) - The world's five largest oil companies collectively cut the value of their assets by nearly $50 billion in the second quarter, and slashed production rates as the coronavirus pandemic caused a drastic fall in fuel prices and demand. More »

 

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