Facebook invests $5.7 billion in Reliance unit to reach small Indian grocers
Facebook will spend $5.7 billion for 10% of Reliance Industries’s digital business, as the social media firm looks to leverage its popular WhatsApp messenger to offer digital payment services to small grocers in India.
Facebook to buy 10% stake in telco unit of India’s Reliance Industries for $5.7 billion
Facebook will buy a 10% stake in the digital business of India’s Reliance Industries for $5.7 billion, as the social media firm looks to leverage its highly popular WhatsApp chat service to offer digital payment services.
Asia stocks fall after U.S. crude collapses for second day
Asian share markets slipped to two-week lows on Wednesday as the floor fell out from under crude prices, exposing the deep economic damage wrought by the global coronavirus health crisis.
Lululemon apologizes after staffer offends with ‘bat fried rice’ T-shirt
Canadian exercise apparel brand Lululemon issued statements on Tuesday apologizing for, and distancing itself from, a T-shirt design promoted by one of its art directors that triggered outrage and accusations of racism online.
Virgin Australia administrator to hold first creditors’ meeting on April 30
Virgin Australia Holdings Ltd’s administrators said they will hold a first meeting of creditors on April 30 and have retained Houlihan Lokey to advise them on restructuring the airline.
U.S. orders Chevron to ‘wind down’ Venezuela operations by December 1
The Trump administration on Tuesday gave Chevron Corp , the last major U.S. oil company still operating in Venezuela, until Dec. 1 to “wind down” its business in the OPEC member-nation and will allow it to conduct only severely limited operations there…
Virgin Galactic dealmaker defies IPO lull with $720 million blank-check deal
Virgin Galactic Holdings Inc Chairman Chamath Palihapitiya on Tuesday raised $720 million for a new blank-check company, 20% more than its original target, after the coronavirus crisis upended plans last month.
Facebook invests $5.7 billion in India’s Reliance Jio
Facebook Inc announced a $5.7 billion investment in Reliance Industries Ltd’s telecom unit on Wednesday, making it the largest minority shareholder in Jio Platforms Limited.
Trump says he will discuss more coronavirus money for states after current bill passes
U.S. President Donald Trump on Tuesday said discussions on additional coronavirus-related aid for state and local governments would start after Congress passes a bill funding more small business loans, hospitals and testing.
Oil prices recover ground after market turmoil fuels price plunge
Oil prices found some respite on Wednesday as U.S. oil futures rose more than 20% and Brent prices steadied after a two-day price plunge, as markets struggle with a massive crude glut amid the coronavirus outbreak.
