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Facebook says central banks have nothing to fear from Libra

The concern from regulators is that giving over the control of currency creation to Facebook would strip governments of one of their greatest assets: monetary policy.

Apple says $14 bn EU tax order 'defies reality and common sense'

The EU executive dismissed the arguments, saying it was not seeking to police international tax laws and accused Ireland of not having done its homework when assessing Apple's taxes.

Why attack on Saudi leaves world without spare oil capacity

The strike on the heartland of Saudi Arabia's oil industry, including damage to the world's biggest petroleum-processing facility, has driven oil prices to their highest level in nearly four months.Here are some facts about the impact on oil supply and spare capacity:In pic: A satellite image shows an apparent drone strike on an Aramco oil facility in Abqaiq, Saudi Arabia.

Asian Development Bank President Takehiko Nakao resigns

He became the President of ADB on April 28, 2013.

Trade talks seen as unlikely to mend U.S.-China divide

The trade war has hardened into a political and ideological battle that runs far deeper than tariffs, trade experts, executives, and officials in both countries say.

GM faces $50 million losses a day as UAW digs in for strike

GM has offered $7 billion of investment in eight U.S. plants and more than 5,400 additional jobs, most of which would be new hires.

OxyContin maker Purdue Pharma files for bankruptcy protection

PURDUE PHARMA-BANKRUPTCY/ (UPDATE 1, PIX)UPDATE 1-OxyContin maker Purdue Pharma files for bankruptcy protection

Apple takes on EU’s Vestager in record $14 billion tax fight

The iPhone maker can tell the EU General Court in Luxembourg that it’s the world’s biggest taxpayer.

How the Saudi Aramco attack affects global oil supply

The attack cut 5.7 million barrels per day (bpd) of Saudi crude output, over 5 percent of the world's supply.

Lockheed names F-35 chief to run aeronautics as Evans undergoes medical treatment

The surprise announcement about Evans' illness came at the start of the high-profile annual Air Force Association conference in Washington, and could raise questions about Lockheed's succession planning.

Maybe we’re not all going to be gig economy workers after all

California’s new measure requiring the state’s gig workforce to be treated as conventional employees is only the latest sign of the limits of gig economy.

Volkswagen settles Australia emissions cheating scandal

Volkswagen settles Australia emissions cheating scandal

It was revealed in 2015 that more than 97,000 VW vehicles in Australia were fitted with technology that was designed to cheat emissions tests.

General Motors auto workers call strike in US

General Motors auto workers call strike in US

The strike came a day after the manufacturer's four-year contract with workers expired without an agreement on a replacement.

Nearly 50,000 General Motors workers slated to go on strike

Nearly 50,000 General Motors workers slated to go on strike

This comes a day after the manufacturer's four-year contract with workers expired without an agreement on a replacement.

Saudi Arabia: Drone attacks knocked out half its oil supply

Saudi Arabia: Drone attacks knocked out half its oil supply

The attacks were the latest of many drone assaults on the kingdom's oil infrastructure in recent weeks.

8 founders who started, then left their own company or were eased out

8 founders who started, then left their own company or were eased out

It is not often that founders leave the companies they once started and scaled to new heights.Here are some instances where top entrepreneurs either moved away from running their companies or were forced to move aside.Jack Ma, Alibaba: Last week, on his 55th birthday, Ma stepped down as executive chairman of Alibaba, the e-commerce giant he founded two decades back, to focus on philanthropy and education. His farewell was like a rock concert, attended by thousands of Alibaba employees.

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