Entries by Diplomat Editor

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Trump acts to cut prescription drug prices in US

President Donald Trump has signed four executive orders aimed at cutting prescription drug prices in the US. “The four orders I’m signing today will completely restructure the prescription drug market,” said Mr Trump, who has long criticised “astronomical” prices. The measures would allow discounts and import of cheaper drugs from abroad. Mr Trump will meet […]

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Intel’s next-generation chips delayed until 2022

Intel says the production of its next-generation chips will be set back until 2022, following years of delays getting its current-generation chips on sale. The company said it was exploring “contingency plans” such as having third-party manufacturers produce some of its products. In June, Apple said it would transition its Mac computers away from Intel […]

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Netflix warns of slowdown after subscriber surge

Netflix has seen a surge in sign-ups due to the coronavirus lockdown, but has warned investors that subscriber growth will slow. The streaming giant added more than 10 million subscribers in the three months to July, bringing the total of new subscribers to 26 million in 2020. In contrast, Netflix saw 28 million new subscribers […]

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Australia extends jobs support

Australia will spend A$16.8 billion ($11.8 billion) to extend its wage subsidies for businesses hit by the coronavirus pandemic, as a surge in new infections in the country’s southeast threatens to keep the economy in recession. The six-month extension of the programme allays fears a hard end to the current A$70 billion scheme, originally scheduled […]

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Oman to impose curfew, travel bans for Eid holiday

Oman will ban travel between all its governorates from July 25 to Aug. 8, a period that includes a Muslim holiday, to prevent the spread of the new coronavirus, state news agency ONA said on Tuesday. A statement from the Health Ministry described the measure as a “total lockdown” of all governorates. The Gulf state […]

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Pompeo says talked 5G, trade with British PM Johnson

U.S. Secretary of State Mike Pompeo said he discussed 5G telecommunications and a potential U.S.-UK trade deal with British Prime Minister Boris Johnson, during a trip to London. “Constructive visit with @BorisJohnson today,” Pompeo tweeted. “Our two countries’ long-standing, strong bilateral relationship has laid the foundation for today’s candid discussion on issues ranging from 5G […]

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Greta to donate one-million-euro prize

Greta Thunberg, the Swedish environment campaigner, has been awarded a new humanitarian prize worth one million euros. The 17-year-old founder of School Strike for Climate, won the inaugural Gulbenkian Prize for Humanity. Judges described her as “one of the most remarkable figures of our days”. Ms Thunberg said she will be donating the prize money […]