Month: August 2020

US media mogul Sumner Redstone, who took his father’s drive-in movie business and built it into an empire that included Paramount Pictures, CBS and MTV, has died aged 97. The billionaire tycoon was remembered by ViacomCBS, which he led for decades, for his “unparalleled passion to win, his endless intellectual curiosity, and his complete dedication to
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Three people have died and six others have been taken to hospital after a train derailed in Aberdeenshire. Aerial shots appear to show one carriage completely overturned after the service from Aberdeen to Glasgow Queen Street came off the tracks near Stonehaven earlier. British Transport Police said formal identifications are yet to take place but
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Official figures have confirmed the extent of the UK’s recession – the consequence of lockdown restrictions to curb the spread of coronavirus. The Office for National Statistics (ONS) has released reams of early data, which is subject to revision, covering the record hit to the economy. Here are seven statistics which give insight on the
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The UK has been tipped into the “largest recession on record”, according to official figures charting the impact of the coronavirus crisis on the economy. The Office for National Statistics (ONS) reported that the enforced hibernation of activity through the COVID-19 lockdown meant gross domestic product (GDP) slumped by 20.4% in the second quarter of
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August 11th, 2020 by Press Release  Palo Alto, California, August 11, 2020 — Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a five-for-one split of Tesla’s common stock in the form of a stock dividend to make stock ownership more accessible to employees and investors. Each stockholder of record
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Nora Tam | South China Morning Post | Getty Images Tesla announced a five-for-one stock split on Tuesday evening. The split goes into effect on August 31. Tesla shares rose more than 6% in post-market trading even though the stock split changes nothing fundamental about the stock. Theoretically, the move could mean more smaller investors
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Democratic presidential candidate Joe Biden has selected Kamala Harris as his running mate in the upcoming US election. She becomes the first black woman on a major presidential ticket in US history. Ms Harris tweeted on Tuesday: “@JoeBiden can unify the American people because he’s spent his life fighting for us. And as president, he’ll
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The Trafford Centre, Britain’s fourth-biggest shopping mall, is being put up for sale less than two months after its parent company, Intu Properties, collapsed into administration. Sky News has learnt that the Manchester shopping destination, which draws 30 million visitors every year, is to be auctioned following pressure for a rapid sale from its biggest
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