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South African stocks retreat as banks fall

Bloomberg South Africa’s main stock index erases gains of as much as 0.4% to fall 0.5% by 9:40 am in Johannesburg, as weakness in banks and MTN Group counter a rise in heavyweight BHP and a soaring Shoprite. The losses come amid a resurgence in Covid-19 cases in parts of the US and Europe, raising concern that the economic rebound ...

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Trump to act against Chinese software firms, says Pompeo

Bloomberg The Trump administration will announce measures shortly against “a broad array” of Chinese-owned software deemed to pose national-security risks, US Secretary of State Michael Pompeo said. The comments suggest a possible widening of US measures beyond TikTok, the popular music-video app owned by ByteDance Ltd., one of China’s biggest tech companies. President Donald Trump told reporters that he plans ...

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UAE, Iran discuss efforts to contain Covid-19

Abu Dhabi / WAM HH Sheikh Abdullah bin Zayed Al Nahyan, Minister of Foreign Affairs and International Cooperation, and Mohammad Javad Zarif, Iranian Foreign Minister, exchanged Eid Al Adha greetings. This came during a video call, wherein the ministers reviewed efforts of the countries to contain repercussions of Covid-19 pandemic. In this regard, HH Sheikh Abdullah and Zarif noted the importance of ...

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