Factbox: What changes are companies making in response to George Floyd protests?
The corporate response to a wave of protests over the treatment of African Americans has included pledges to increase diversity, donations to civil rights groups and, in some cases, changes in policies or practices long sought by critics. Here is a sam…
Zoom says China demanded shutting activists’ accounts over Tiananmen event
Zoom Video Communications Inc said on Thursday the Chinese government demanded the termination of four public meetings held on its video conferencing platform on June 4 to commemorate the 31st anniversary of China’s Tiananmen Square crackdown.
Apple, YouTube unveil $100 million funds to support black causes amid U.S. protests
Apple Inc said on Thursday it will increase spending with black-owned suppliers as part of a $100 million racial equity and justice initiative, while Google-owned YouTube said it will spend $100 million to fund black artists.
Stock tumble gives brutal reminder of pandemic fear
A stock market that shook off the coronavirus pandemic, economic devastation and sky-high equity valuations was reminded of all three on Thursday, as Wall Street took its biggest dive in three months.
Palantir close to registering for stock market debut: sources
Data mining firm Palantir Technologies Inc is aiming to file confidentially with U.S. regulators to go public in the coming weeks, emboldened by the strong performance of other initial public offerings (IPOs), people familiar with the matter said.
Taco Bell parent Yum sues Grubhub for alleged violation of delivery deal
Taco Bell parent Yum Brands Inc sued Grubhub Inc on Thursday for allegedly violating a delivery contract, a day after Europe’s Just Eat Takeaway.com agreed to buy the U.S. food delivery company for $7.3 billion.
Google sues Sonos, escalating wireless speaker battle amid trade panel probe
Google filed a lawsuit accusing home speaker maker Sonos Inc of infringing five of its patents, escalating tensions between the partners that have already led to a U.S. International Trade Commission probe.
Microsoft bans face-recognition sales to police as Big Tech reacts to protests
Microsoft Corp said on Thursday it would await federal regulation before selling facial recognition technology to police, making it the latest big firm to back away from the business following protests against law enforcement brutality and bias.
Latin America must restart air travel by July to avoid bankruptcies: trade group
Latin American countries should quicken steps for airlines to renew domestic flights no later than July before more companies are forced to declare bankruptcy or close, a high-ranking official of the International Air Transport Association (IATA) said …
Air Canada CEO urges Trudeau’s government to relax travel curbs: Bloomberg News
Air Canada Chief Executive Officer Calin Rovinescu on Thursday urged the Canadian government to relax travel restrictions as they have been hurting the company’s sales, Bloomberg News reported.
