Apple Wins Major Victory in Battle With EU Over Tax 

The bloc's second-highest court sided with the U.S. company over a $14.8 billion tax bill that EU antitrust officials had said the company owed to Ireland.

Google to Invest $4.48 Bln in India's Jio Platforms 

Google's investment makes it the latest foreign company to take a stake in the Indian telecommunications and technology giant, which has raised billions of dollars this year.

Moderna's Covid-19 Vaccine Moves to Bigger Study 

A new U.S.-funded trial would seek 30,000 subjects and could deliver an answer by year-end about whether the vaccine induces immune responses sufficient to protect people safely.

Vox Media Prepares to Lay Off Some Furloughed Employees 

Vox Media, the publisher of New York magazine, the Verge and SB Nation, is preparing for a round of layoffs as its financial situation continues to suffer from the economic effects of the coronavirus pandemic.

Best Buy to Require Shoppers to Wear Masks Inside Stores 

Best Buy will require customers to wear face coverings inside all U.S. stores to protect against the new coronavirus, including in places without mask mandates.

ASML Confirms Outlook After Strong 2Q 

ASML reported a sharp rise in second quarter sales and profit, and maintained its growth outlook for 2020 relative to the start of the year despite the coronavirus pandemic.

Tele2 Reinstates Extra Payout as Profit Tops Hopes 

Tele2 posted an above-forecast net profit of SEK855 million for the second quarter and said it planned to payout an extra dividend to shareholders this year.

Burberry Sales Slide Continues 

Burberry reported a 45% drop in comparable sales in the first quarter of fiscal 2021, and forecast a 15-20% fall in the second quarter, with demand still impacted by the coronavirus pandemic.

U.K. to Ban Huawei From 5G Networks Amid China Tensions 

The British government said it would bar telecom companies from purchasing new equipment made by China's Huawei and gave them until 2027 to remove its technology from their 5G wireless networks, a sharp about-face that marks a significant victory for the U.S.

China Threatens to Sanction Lockheed Martin Over Taiwan Arms Deal 

China said it plans to sanction Lockheed Martin over its role in a $620 million U.S. arms package for Taiwan, Beijing's latest retaliatory gesture amid growing pressure from Washington.


(END) Dow Jones Newswires

July 15, 2020 07:15 ET (11:15 GMT)

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