Atlantia to grant free shares to Italian workforce
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.
As U.S. coronavirus death toll tops 50,000, Georgia forges ahead with reopening
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.
France, Germany in standoff with Silicon Valley on contact tracing
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.
U.S. retailers offer purses, shoes ‘to go’ as restrictions ease
Several staffers at major retail chains, including J.C. Penney Co Inc and Saks Fifth Avenue, reported for duty at some Texas-based stores on Friday, selling merchandise “to-go” for orders placed online.
Insurers feel the heat as chefs, Trump join calls for payouts
Daniel Duckett, owner of the Lazy Claire patisserie in Belfast, was hoping for an insurance payout of up to 100,000 pounds ($123,460.00) to cover losses during the coronavirus lockdown. Now he fears for the future as he battles for the compensation.
AmEx to cut spending by $3 billion to survive virus-hit economy
Credit card issuer American Express Co said on Friday it would cut spending by nearly $3 billion in 2020 after its quarterly profit sank 76% as it set aside more money to brace itself against a wave of potential delinquencies.
French court backs workers in Amazon row over virus measures
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 that had criticised the U.S. e-commerce giant’s safety measures.
Boeing, Intel weigh on Dow as investors wary of economic recovery
The Dow Jones headed lower on Friday, led by Boeing and Intel, with investors staying cautious about an economic recovery as some states prepared to relax the coronavirus-induced lockdowns.
Lufthansa CEO sees smaller fleet and reduced staff after crisis
Lufthansa expects it will operate 100 fewer aircraft with 10,000 fewer staff after the coronavirus crisis ends, its chief executive Carsten Spohr told employees on Friday.
Ireland should consider forcing Google, Facebook to pay media for content: PM
The Irish government should consider copying Australia’s plan to force Facebook Inc and Alphabet Inc’s Google to share advertising revenue with local media, Prime Minister Leo Varadkar said on Friday.
