E.U. Deal, U.K. Extradition Treaty, Google: Your Tuesday Briefing

(Want to get this briefing by email? Here’s the sign-up.) Good morning. We’re covering the E.U.’s landmark stimulus deal, the suspension of the U.K.’s extradition treaty with Hong Kong and the last days of a famous Parisian store. E.U. agrees on a groundbreaking stimulus package After days of intense talks in Brussels, European Union leaders on Tuesday stepped up to confront one of the gravest challenges in the bloc’s history, agreeing on a 750 billion euro spending package to rescue… Source link

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$4 Billion of Google’s New India Tech Fund Goes to Telecom Company Jio

According to Bloomberg, Google is investing USD 4 billion in India’s Jio platforms, a subsidiary of conglomerate Reliance Group, to create affordable smartphones for the Indian market. The news ensued company CEO Sundar Pichai’s claim that Google will invest USD 10 billion in India over the next 5-7 years. Jio has already received capital from prestigious investors including Facebook, Silver Lake Partners, Intel Ventures, and etc. Only last week, the company sold 0.15 percent of… Source link

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Giants players, manager take a knee

Baseball didn’t need to wait until opening day to see whether any players would take a knee during the national anthem. Gabe Kapler, the new manager of the San Francisco Giants, and four players took a knee Monday night before the team’s preseason game against the Oakland Athletics. Mike Yastrzemski, Austin Slater, Jaylin Davis and Antoan Richardson were the Giants players who took a knee. Giants shortstop Brandon Crawford put his hands on the shoulders of Davis and Richardson. Here’s… Source link

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What it means for you

The JobKeeper subsidy has been extended until March, but will operate at a reduced rate, the prime minister revealed on Tuesday. Businesses receiving the payment will now be subject to a new turnover test, and a different rate will be applied for part-time and casual employees. “JobKeeper is doing its job and will continue to do its job through the decisions we’re announcing today,” Prime Minister Scott Morrison said on Tuesday. “Already just over $30 billion has been provided… Source link

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Stock futures hug the flat line as investors await earnings

Stock futures opened little changed Monday evening as investors waited for more earnings results and Covid-19 vaccine development updates to roll in. Earlier Monday, the three major indices closed out the session higher. The Nasdaq Composite posted a 2.5% advance to far outperform the S&P 500 and Dow, with a broad tech rally returning after last week’s pause. Still, the S&P 500’s 0.8% advance on Monday pushed it into positive territory for the year to date and its highest level since… Source link

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NBA announces no COVID-19 cases inside bubble

With NBA play scheduled to resume on July 30, the league announced on Monday that its latest round of testing produced zero positive COVID-19 cases. The results are based on testing of 346 players within the Disney World bubble since results were last announced on July 13. Those tests produced two positive cases out of 322 players tested since July 7. The players who tested positive in the initial round of bubble testing were in quarantine and left the bubble to self-isolate, according to the… Source link

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Google wants to keep data tracking secret – Arizona Capitol Times

Internet giant Google is asking a judge to block a bid by Attorney General Mark Brnovich to publicly disclose documents he got from the company during his investigation of how it uses private information. Attorney Jean-Jacques Cabou contends there’s no basis for Brnovich’s complaint in the first place, arguing that anything the company is accused of doing does not run afoul of the Arizona Consumer Fraud Act. That is the law that the attorney general is using to claim Google… Source link

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Why one bullish analyst has been dragging his feet on his price target

Tesla (TSLA) shares will be a must-watch stock when the electric vehicle maker reports its quarterly results this Wednesday after the market close. Analysts have been playing catch-up as the stock has blown past price targets on the heels of better than expected vehicle deliveries, and speculation of inclusion in the S&P 500 (^GSPC) if it reports a profit for its latest quarter. Meanwhile, Oppenheimer analyst Colin Rusch maintains a $968 price target on the EV maker. Tesla shares closed Monday… Source link

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Tobias Harris calls for action in wake of Breonna Taylor’s death

Tobias Harris didn’t say many words during his availability Monday from Disney World, but he still spoke volumes. The first question Harris was asked was regarding a report that Rockets guard Russell Westbrook was collaborating with the NBPA to make T-shirts with messages revolving around social justice and racial equality. Instead of expanding on the question, Harris used his time with the media to amplify a different message. “Nothing against the T-shirts, but we want to make sure that… Source link

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