Exclusive: Stay off Zoom and Google Hangouts, Standard Chartered chief tells staff
Standard Chartered Plc is the first major global bank to tell employees not to use Zoom Video Communications Inc during the coronavirus pandemic due to cybersecurity concerns, according to a memo seen by Reuters.
Amazon fires three critics of warehouse conditions in pandemic
Amazon.com Inc said on Tuesday it had fired three critics of the company’s pandemic response for workplace violations, dismissals that drew sharp words from U.S. Senator Bernie Sanders and a labor coalition.
Oil rises on bargain-hunting, hopes for stockpile purchases
Oil prices rose on Wednesday as investors looked for bargains after the previous session’s slump and on hopes that consuming countries will look to fill their strategic reserves, although oversupply fears and warnings of a deep recession capped gains….
Glade Brook pitches ‘extraordinary opportunity’ in tech debt amid coronavirus
Glade Brook Capital Partners LLC, the venture capital firm led by Paul Hudson, is pitching a new fund to investors targeting the debt of private technology companies impacted by economic disruption from COVID-19.
Asia shares given pause by scale of global economic damage
Asian shares paused at one-month highs on Wednesday as warnings of the worst global recession since the 1930s underlined the economic damage already done even as some countries tried to re-open for business.
Major U.S. airlines accept government aid for payrolls; American and Alaska also seeking loans
The U.S. Treasury Department said on Tuesday that major passenger airlines have agreed in principle to a $25 billion rescue package, ensuring airline workers have jobs until October while the industry battles its biggest-ever crisis.
U.S. self-driving car startup Zoox agrees to settle lawsuit with Tesla
Zoox Inc said on Tuesday it had settled a lawsuit with Tesla Inc after admitting that some new hires from the electric carmaker were in possession of certain Tesla documents when they joined the U.S. self-driving car startup.
Airbnb in advanced talks about new $1 billion loan: sources
Airbnb is in advanced talks for a new $1 billion loan just days after the U.S. home rental company closed a $1 billion debt deal with private equity firms, people familiar with the matter said on Tuesday.
Delta working with Airbus on order book after deferring A350 orders linked to Latam
Delta Air Lines Inc confirmed on Tuesday it had taken over an order for 10 Airbus A350 jets from Latam Airlines Group , but said it had deferred several of the near-term deliveries and was working with Airbus on options across its entire order book.
Asian stocks seen retreating from 1-month high as investors reconsider risk
Asian shares looked set to pull back from a one-month high on Tuesday, as warnings of a deep recession dampened investor optimism that the slowing spread of the coronavirus could allow businesses to re-open.
