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The company said it would use the capital to set up three new eye hospitals in the country and seek to possibly acquire three existing eye hospitals there.

The compound annual growth rate of banks' IT spending is estimated at 10.2 percent from 2015 to 2010, he said.

The company said it would offer voluntary layoffs to employees to tide over coronavirus fallout. Boeing said in late April that it would cut its 160,000-person workforce by about 10 percent, further reduce 787 Dreamliner production and try to boost liquidity as it prepares for a years-long industry recovery from the pandemic, which would have a lasting impact on the global aircraft manufacturing industry.

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The complex, covering an area of 1,800 acres, will include a glass plant, a yellow phosphorus plant, as well as crop farms, which include coffee, tea and rice farms and use the fertilizer made in the park. It will also include a machinery maintenance plant and a testing center catering to the entire East African region.

The company's plans for local manufacturing is mainly driven by the fact that India levies 20 percent duty on imported devices.

The company posted a new video to its YouTube account today, showing customer reactions to some new, handheld product that is conveniently cut out of every shot. Customers, developers and journalists can all request a ticket to attend the reveal of the mystery device on June 18 in Seattle at an event led by Amazon CEO Jeff Bezos.

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The company will also do underwater tunnels, in addition to its underground tunnels business, Musk said.

The composite index of monitoring indicators for April continued to flash the "yellow-blue light," despite a slight increase of 1 point from March to 21 points, suggesting the economy remained stuck between recession and growth, according to the island's economic planning authorities.

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The company, one of China's homegrown automakers, is providing official vehicles for the Fortune Global Forum.

The company's net profits attributable to shareholders hit 971 million yuan (1 million) in H1, up 12.55 percent year-on-year, according to its semi-annual report filed with the Shanghai Stock Exchange.