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American Business News for 3 Aug 2020

U.S. fuel makers ran below capacity in the second quarter in a preview of the challenges they are likely to face as the world transitions away from fossil fuels.
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Publicly Traded Firms LaunchTwo of the top mining manufacturers from China that recently had initial public offerings (IPO) released two new mining rigs. Canaan Inc. and Ebang Communications both have shares listed on the Nasdaq... stock exchange, and the two firms just launched two ASIC mining devices with hashrates up to 63 terahash per second (TH/s). The two […] The post Publicly Traded Firms Launch New Mining Rigs, Less Hashrate Than Competitors appeared first on Bitcoin News.
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The Dirty Secrets Of 'Clean'The widespread view that fossil fuels are "dirty" and renewables such as wind and solar energy and electric vehicles are "clean" has become a fixture of mainstream media and policy makers of all... persuasions. But, in the case of EVs, the dirty secrets of "clean energy" should seem apparent to all.
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Microsoft wants to buy TikTokMicrosoft said on Sunday that it is exploring purchasing TikTok's service in the U.S., Canada, Australia and New Zealand.
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Lord & Taylor files forLord & Taylor, the floundering department store company that traces its roots to 1826, on Sunday became the latest retailer to file for bankruptcy protection as the coronavirus outbreak accelerates... the demise of chains that were already teetering.
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Men's Wearhouse Parent Files for Bankruptcy

Wall Street Journal - 3 Aug 2020 04:02
Men's Wearhouse Parent FilesTailored Brands, the parent company of Men's Wearhouse and Jos. A. Bank, has filed for bankruptcy after the coronavirus pandemic slashed demand for dress clothes.
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California unemployment agencyAs California grapples with a deluge of requests for unemployment benefits during the pandemic, government workers tasked with processing claims say they are hampered by outdated technology,... bureaucratic red tape and a shortage of trained staff.
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Iran Accidentally Sinks FakeThe saga of Iran's fake aircraft carrier, intended as a propaganda coup, is turning into an own-goal for Iran.
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Bike Sales Increased 63%The numbers from the Bicycle Association's market data service have now been crunched and they reveal that, between April and June 2020, bicycle sales increased by 63% year-on-year.
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HEALS Act Provides $20 BillionOn July 27, Senate Republicans unveiled its highly anticipated $1 trillion Health, Economic Assistance, Liability Protection and Schools Act (HEALS).
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J. Jill CFO Is Paid RetentionJ. Jill CFO was paid retention award while company struggles. Over 12,000 stores have already been closed this year What will happen to J.Jill
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Hi! Welcome to the Insider Advertising daily for August 3. I'm Lauren Johnson, a senior advertising reporter at Business Insider. Subscribe here to get this newsletter in your inbox every weekday.Send... me feedback or tips [email protected] Today: Advertisers return to Facebook, Netflix's new CMO Bozoma Saint John, and Microsoft reportedly eyes TikTok. See the rest of the story at Business Insider NOW WATCH: What it's like inside North Korea's controversial restaurant chain See Also: How Netflix's new CMO Bozoma Saint John rose to become the biggest 'badass' in marketing ICYMI: Our most popular advertising stories in July Quibi is paying bloggers to write about its shows to drum up some needed buzz
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TikTok is at the heart of aTolga Akmen/AFP/Getty Images; Clancy Morgan/Business Insider News broke on Friday that ByteDance-owner TikTok is being pressured by the Trump administration to divest its US business, and Microsoft... was in the running to buy it up. Trump then said on Friday he was banning the app, possibly as soon as Saturday. The ban has yet to materialize. Trump's comments reportedly halted Microsoft's acquisition talks, but on Sunday Microsoft announced it was resuming discussions with TikTok. Here's everything we know so far. Visit Business Insider's homepage for more stories. TikTok has had a turbulent 72 hours. The wildly popular short video app has become the subject of increasing criticism in the US due to the fact it is owned by Chinese tech giant ByteDance, a fact which some officials and...
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Looking To Africa For FoodPierre Thiam, accomplished chef, author, restaurateur, social entrepreneur & culinary ambassador for West African food launched Fonio in the U.S., a 5,000 year-old, nutritious, ecological super grain... that can help West Africa's economy.
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The Simple Trick TheMore than $2 billion has been seized at U.S. airports over the past two decades. Many of the seizures were for missing paperwork that few travelers know they have to fill out before they fly.
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Why Does Microsoft Want to Buy TikTok?

The New York Times - 3 Aug 2020 12:49
Why Does Microsoft Want to BuyThe potential blockbuster deal could go a few different ways.
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ByteDance 'Working Overtime'Zhang Yiming told employees in a letter that TikTok's parent company "disagrees" with having to sell its U.S. operations.
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Millions of Americans are at risk of eviction now that the four-month moratorium has expired and Congress is deadlocked on a new coronavirus relief package. CNBC's Diana Olick reports.
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Iran has been covering up itsAFP/Getty Images The number of people who have died with COVID-19 in Iran is far higher than the government has publicly admitted, according to figuresleaked to BBC Persian. These figures say 42,000... people had died with the virus as of July 20. The official figure the same day was 14,405. The official number of cumulative infections was also far higher in the leaked figure than the official one. Iran, the worst-hit country in the Middle East, has been accused of covering up its coronavirus cases since early in the pandemic. It is now deep in a resurgence of the virus that the BBC figures show is even worse than had been reported before. Visit Business Insider's homepage for more stories. The number of people who have died with COVID-19 in Iran is nearly three times the official figure,...
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Is Craig Kimbrel Over The HillCraig Kimbrel's struggles could cost him the closer's job with the Chicago Cubs.
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Amid Reopening Disney QuietlyDuring Disney's closure it's estimated that the business lost an estimated $1 billion in operating income because of the worldwide theme park closures during the quarter.
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During the lockdown, one of the challenges for card issuers was answering customer queries..The strength of their call centres and other support executives was considerably reduced as employees... couldn't commute to work.
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Unfavorable Views Of China HitAmid widespread perception that Beijing mishandled Covid-19's initial outbreak as well as its subsequent spread, unfavorable views of China have reached record highs in the United States.
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A senior Merkel ally saysJohn Macdougall/Pool via REUTERS Germany will take the fight to China as an EU leader, a senior ally of Angela Merkel has said. Germany took on the European Council's rotating presidency last month.... Michael Roth, a senior foreign minister in Merkel's government, said Berlin would prioritise standing up to Beijing, writing: 'One thing is clear: We urgently need more European action in our dealings with China.' Roth said China was an 'apparently ever more powerful snake' that must be met head-on by the EU. There is growing tension between China and the West over its treatment of Uighurs and Hong Kong. Visit Business Insider's homepage for more stories. A senior member of Angela Merkel's government has warned China that a European Union fronted by Germany will go toe-to-toe with Beijing,...
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HSBC Profits Plummet 65% AsThe London-headquartered lender said it will speed up plans to cut 35,000 jobs.
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