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Bitcoin jumps above $50,000 for first time since May

Bitcoin rose back above $50,000 on Monday for the first time in three months after supportive news from payments giant PayPal and cryptocurrency platform Coinbase.

Aug 23, 2021

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Britain clears Virgin Atlantic's £1.2 bn rescue

Britain's High Court on Wednesday cleared a £1.2-billion rescue of struggling airline Virgin Atlantic, part-owned by British tycoon Richard Branson and which has been hit badly by the coronavirus pandemic.

Aug 25, 2020

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Aerospace giant Rolls-Royce logs £5.4 bn H1 loss on virus

British aerospace giant Rolls-Royce on Thursday logged a vast net loss for the first half of 2020 as the coronavirus outbreak grounded aircraft worldwide and sparked a crisis in air transport.

Aug 27, 2020

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Rolls-Royce UK staff strike over possible Singapore switch

Staff at a factory in northwest England run by engines maker Rolls-Royce on Friday began a three-week strike over the possible relocation of operations to Singapore, the British aerospace giant confirmed.

Nov 6, 2020

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Struggling with COVID fatigue? Citigroup will roll out 'Zoom Free Fridays' to give workers a break

Citigroup employees will get a weekly break from Zoom, and a day off in May in a bid to battle the fatigue plaguing many workers who've been glued to screens during the COVID-19 pandemic.

Mar 23, 2021

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'Unicorns' that wowed investors face hard road on Wall Street

The so-called "unicorns" that lured big investments and took Silicon Valley by storm are facing a chillier environment as they turn to Wall Street for fresh capital.

Sep 29, 2019

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High Court in London backs Virgin Atlantic's rescue plan

Virgin Atlantic's 1.2 billion-pound ($1.6 billion) restructuring plan was approved Wednesday by the High Court in London, allowing the international airline to continue rebuilding its operations after the devastation caused ...

Sep 2, 2020

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Airbus cancels 2019 dividend, 2020 forecasts due to coronavirus

European aviation giant Airbus said Monday it would cancel the planned dividend payment for 2019 and also abandon its earnings forecasts for the current year because of the economic uncertainty sparked by the coronavirus ...

Mar 23, 2020

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Tesla shifts gears with plans to issue more shares

Tesla shifted gears Thursday and said it would issue new shares to raise fresh cash, as the electric carmaker responded to the coronavirus epidemic impact on its Shanghai factory and the China car market.

Feb 13, 2020

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Insolvent Wirecard to slash more than half its German staff

Administrators for scandal-hit payments firm Wirecard said on Tuesday that the insolvent company would lay off more than half its remaining German staff.