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What you need to know about COVID-19: August 12, 2020
The Telegram
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![Lindsay Oates has donated two of her own laptops to her friend Gerry Ryan. She thinks what he is doing is amazing. Here she is with an old laptop her aunt had lying around and decided to donate it to Ryan. – Submitted.]()
Avondale man refurbishing donated computers and giving them to families for free
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![Atlantic Sea Cucumber employees work in the company's Hacketts Cove processing plant on Wednesday, August 12, 2020.]()
Sea cucumbers may be gross, but their health properties equal big money for Nova Scotia company
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For this shopaholic millennial lawyer, lockdown on CERB was a financial wake-up call
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Where Canada stands in the global race for a COVID-19 vaccine
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![Sandra Jeffery, manager of The Showcase Gift Shop, says it is sad to see the shop closing on Sept. 5 after 55 years operating out of the Confederation Centre of the Arts. "But the good thing is,'' she says, "is I know it is going to re-open and somebody else is going to take it on with new energy and new ideas and that is nice to see happening.'']()
Showcase Gift Shop closing after 55 years of selling quality crafts and art
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![Charlottetown's PandaFun is closing because the owner couldn't come to a new lease agreement with his landlord.]()
Charlottetown's PandaFun decides to close
Canada's CAE in talks with airlines to win more pilot training business
(Reuters) - CAE Inc said on Wednesday it is in advanced discussions with airlines about doing more training of their pilots after the company reported a bigger than expected quarterly loss due to COVID-19. The world's largest civil aviation training ...
Tesla woos retail investors with stock split, shares rise
By Aakash B and Akanksha Rana (Reuters) - Wall Street analysts praised Tesla Inc's move to split its richly valued stock into smaller chunks, saying it had the potential to extend a 200% rally in its shares this year by making it easier for retail ...
Mexico's new warning labels on junk food meet supersized opposition from U.S., EU
By Anthony Esposito MEXICO CITY (Reuters) - The United States, European Union, Canada and Switzerland, home to some of the world's biggest food companies, have pressed Mexico to delay upcoming health warnings on processed food and drinks, a World ...
Oman secures $2 billion bridge loan: sources
By Yousef Saba DUBAI (Reuters) - The government of Oman has signed a one-year $2 billion bridge loan with a group of international and regional banks, two sources with knowledge of the matter said on Wednesday. The loan, which will be repaid with ...
Billionaire Sumner Redstone, media mogul who headed Viacom, dead at 97
By Helen Coster NEW YORK (Reuters) - Viacom and CBS Chairman Emeritus Sumner Redstone, the media mogul who took his father's movie theater chain and built it into an empire that included Paramount Pictures, CBS and MTV, has died at 97, ViacomCBS and ...
Toshiba posts first quarterly operating loss in nearly four years
TOKYO (Reuters) - Japanese industrial conglomerate Toshiba Corp reported on Wednesday its first quarterly operating loss in nearly four years as the coronavirus pandemic hit demand for its electronic devices, copiers and chip-making equipment. The ...
UK bank NatWest cuts more than 500 jobs, closes north London office
By Iain Withers LONDON (Reuters) - Britain's NatWest is cutting at least 500 jobs across its retail business and closing one of its remaining offices in London as banks press on with cost-cutting in the face of a wave of expected loan losses due to ...
Global stocks rise on U.S. stimulus bets; gold whipsawed
By Rodrigo Campos NEW YORK (Reuters) - Global stocks rose on Wednesday, ending at their highest since February as investors kept betting on more stimulus in the United States despite doubts, while gold was whipsawed and silver clawed back from a ...
Pompeo says tide is turning against untrusted 5G networks
PRAGUE (Reuters) - There is growing understanding among many countries that security issues must be taken into account when developing new-generation 5G communication networks, U.S. Secretary of State Mike Pompeo said on Wednesday. "The tide is ...
Brazil can live with record debt, deficits despite the noise
By Jamie McGeever BRASILIA (Reuters) - Brazil is amassing a record debt that has evoked memories of crises past in South America's largest economy, but some economists say rock-bottom interest rates and low foreign debt mean the government can ...
