Business Stories from July 31, 2020 (Change date)
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Dutch KLM group to cut 4,500-5,000 jobs due to pandemicJul 31, 2020 7:00 am - AMSTELVEEN, The Netherlands (AP) - Dutch carrier KLM said Friday it will cut between 4,500 and 5,000 jobs because of the coronavirus crisis. The company said in a statem...
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Grains mixed, livestock mixedJul 31, 2020 7:00 am - \CHICAGO (AP) - Grain futures were mixed on Friday in early trading on the Chicago Board of Trade. Wheat for Sept. delivery was up .60 cent at $5.3260 a bushel; Sept. co...
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Amazon closer to launching satellites, upping internet reachJul 31, 2020 7:00 am - NEW YORK (AP) - Amazon.com is one step closer to space. The company received government approval to put more than 3,200 satellites into orbit with the goal of beaming i...
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Eurozone economy suffers record drop during lockdown monthsJul 31, 2020 7:00 am - PARIS (AP) - The economy of the 19-country eurozone shrank by a devastating 12.1% in the April-June period from the quarter before - the largest drop on record - as coro...
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British Airways owner books loss as pandemic stalls travelJul 31, 2020 7:00 am - LONDON (AP) - The parent company of British Airways reeled to a loss of 3.8 billion euros ($4.5 billion) in the first six months of the year as travel restrictions from ...
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Hard-hit Massachusetts worries COVID-19 respite is fleetingJul 31, 2020 7:00 am - A house party attended by restaurant workers in a picturesque beach town in Massachusetts has led to more than a dozen new coronavirus infections. On the western side of...
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US consumer spending up 5.6%, but virus could stall gainsJul 31, 2020 7:00 am - WASHINGTON (AP) - American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck ha...
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Champagne losing its fizz as global pandemic clobbers salesJul 31, 2020 7:00 am - REIMS, France (AP) - Champagne is losing its fizz. For months, lockdown put the cork on weddings, dining out, parties and international travel - all key sales components...
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Fitch lowers its outlook on US credit rating to 'negative'Jul 31, 2020 7:00 am - WASHINGTON (AP) - Fitch has lowered the outlook for its U.S. government credit rating to 'œnegative'ť from 'œstable'ť due to soaring budget deficits, but the agency is k...
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Twitter permanently bans former KKK leader David DukeJul 31, 2020 7:00 am - Former Ku Klux Klan leader David Duke has been banned from Twitter for breaking the social media platform's site's rules forbidding hate speech. The company said Friday ...