Global equity benchmarks struggled on Friday as some U.S. states began reopening businesses despite the disapproval of health experts, and as the European Union put off addressing details of its new economic rescue plan.
A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil’s Embraer has hit a roadblock over implementation, threatening its collapse barring a last-minute breakthrough on Friday, people familiar with the talks said.
U.S. President Donald Trump on Friday signed a nearly $500 billon coronavirus relief bill into law to expand loans for small businesses reeling from the outbreak, as his Treasury secretary promised surveillance to stop bigger companies from accessing the funds.
New York Governor Andrew Cuomo said on Friday that strains of the novel coronavirus that first infected his state’s residents came from Europe, not China, and that the ban on travelers from China came too late to halt its spread.
The Trump administration is considering taking stakes in U.S. energy companies as one possible option as it seeks to help the nation’s oil and gas sector amid the coronavirus outbreak, U.S. Treasury Secretary Steven Mnuchin said on Friday.
A French court on Friday rejected Amazon’s appeal against a ruling that restricts what it can deliver during the coronavirus crisis, handing a victory to unions which had criticised the U.S. e-commerce giant’s safety measures.
A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil’s Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said. The companies have been in discussions to assess whether various contractual conditions have been met for the tie-up, including the way a new venture 80%-owned by Boeing would be set up and funded, and have the rest of Friday to resolve the issue. The deal also depends on delayed approval from the European Union which has said it needs until …read more […]
Atlantia will give about 1,000 euros ($1,080) of shares to each of the 12,000 workers employed by the group’s Italian companies, the motorway and airport operator said on Friday.
A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil’s Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said.
A $4.2 billion deal for Boeing to buy the civil jetmaking arm of Brazil’s Embraer has hit a roadblock over implementation, leaving its fate uncertain unless a breakthrough can be found quickly, people familiar with the talks said. The companies have been in discussions to assess whether various contractual conditions have been met for the tie-up, including the way a new venture 80%-owned by Boeing would be set up and funded, and have the rest of Friday to resolve the issue. The deal also depends on delayed approval from the European Union which has said it …read more […]
The economy has ground to a halt, for now, and there is plenty of debate on when and how the recovery will come, but one thing is certain: there will be change. Many of the changes will likely involve the way we work and communicate – the ‘social distancing’ policies in place have forced many white-collar workers to move their workspace from the office to the home, and increased the demands on the nation’s networking infrastructure and internet access plans.Lower costs and latency will be in high demand, even as the workforce hopfully returns to normal in 2H20. It’s likely …read more […]
Oil prices rose on Friday, but both the Brent and U.S. benchmarks were on track for their third straight week of losses as global production shutdowns failed to keep pace with the collapse in demand caused by the coronavirus pandemic.
Apple Inc and Alphabet Inc’s Google on Friday updated technical details of the coronavirus contact tracing system they plan to release next month, saying new features would strengthen privacy protections and give health authorities more detailed data.
With the U.S. coronavirus death toll topping 50,000, Georgia pushed ahead with its plan to become the first state to allow an array of small businesses to reopen on Friday despite the disapproval of President Donald Trump and health experts.
A standoff between the two largest nations in the European Union and Silicon Valley escalated on Friday as Apple and Google rebuffed demands by France and Germany to back their approach to using smartphone technology to trace coronavirus infections.
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