Singapore Police Bring First Charges Linked to Wirecard 

Singapore police brought their first criminal charges against an individual linked to the suspected fraud at Wirecard AG, the one-time German technology star that collapsed at the end of June after admitting more than $2 billion of cash on its balance sheet was fake.

UPS Plans Hefty Holiday Fees for Large Shippers 

United Parcel Service plans to impose hefty fees on big shippers during the holiday season, reflecting the added complexity and cost of an expected crush of online orders amid the coronavirus pandemic.

Trump Executive Orders Target TikTok, WeChat Apps 

President Trump issued a pair of executive orders imposing new limits on Chinese social-media apps TikTok and WeChat, escalating tensions with Beijing and effectively setting a 45-day deadline for an American company to purchase TikTok's U.S. operations.

Goldman Sachs Restates Earnings After $3.9 Billion Malaysia Settlement 

Goldman Sachs restated its second-quarter earnings lower after reaching a $3.9 billion settlement with the government of Malaysia to resolve an investigation into its work for a corrupt investment fund.

Finally, a Path Emerges to European Bank Mergers 

Intesa Sanpaolo's successful pursuit of Italian peer UBI shows that local consolidation is possible, and barriers to cross-border deals may be slipping too.

Gates Foundation Teams Up With Vaccine Maker to Produce $3 Covid-19 Shots 

The Bill & Melinda Gates Foundation said it's backing the world's largest vaccine maker, Serum Institute of India, to churn out 100 million doses of coronavirus vaccine for poorer countries.

Tencent Stock Drops After Firm Is Targeted by Trump Executive Order 

Shares of Tencent Holdings plunged as much as 10%, hours after President Trump signed an executive order that would bar U.S. entities from transacting with the Chinese internet giant.

So, What Does Kodak Do These Days? A Decade of Pivots Before a Huge Federal Loan 

Eastman Kodak Co., long a household name in photography, has spent recent years trying to maneuver out of bankruptcy and into new business areas. Its latest pivot brings it squarely into the fight against the coronavirus.

Billionaire Daniel Loeb's Third Point Re to Merge With Sirius Group 

Third Point Reinsurance, backed by U.S. hedge-fund manager Daniel Loeb, said it would merge with Sirius International Insurance Group, whose majority shareholder in China has been under financial pressure.

Second-Hand Luxury Still Shines at The RealReal 

The coronavirus pandemic weighed on luxury consignment marketplace The RealReal's profitability, but other numbers point to a bright future ahead.


(END) Dow Jones Newswires

August 07, 2020 11:00 ET (15:00 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.