As delivery workers emerge as frontline soldiers, India’s government warms to e-commerce
Three days after India imposed a nationwide lockdown, Devender Singh revved up his motorcycle to deliver meat and eggs to customers – but his heart was in his mouth as he closed in on a police barricade on a deserted New Delhi road.
Virus lockdown threatens $60 billion in UK dividends: report
UK-listed companies could cancel about $60 billion in dividend payments this year following Britain’s lockdown and calls from regulators to preserve cash during the coronavirus crisis, according to a report by analytics company Link Group.
Starbucks sees 47% drop in second-quarter earnings on coronavirus hit
Starbucks Corp on Wednesday forecast a 47% drop in second-quarter earnings, scrapped its full-year forecast and warned that the financial hit from the coronavirus pandemic would extend into the final quarter of the fiscal year 2020.
U.S. crude futures up 5% ahead of OPEC+ meeting
U.S. crude futures rose as much as 6% in early trade on Thursday on expectations the world’s largest oil producers would agree to cut production at a meeting later in the day as global oil demand has collapsed amid the coronavirus pandemic.
Streaming service Disney+ crosses 50 million paid subscribers globally
Walt Disney Co said on Wednesday that Disney+ has attracted more than 50 million paid users, with 8 million of them coming from India where the video streaming service was rolled out last week.
Automakers push to reopen plants with testing and lots of masks
Global automakers reeling from the COVID-19 pandemic are accelerating efforts to restart factories from Wuhan to Maranello to Michigan, using safety protocols developed for China and U.S. ventilator production operations launched in recent weeks.
U.S. approves Google request to use segment of U.S.-Asia undersea cable
The Federal Communications Commission (FCC) on Wednesday approved Alphabet Inc unit Google’s request to use part of an U.S.-Asia undersea telecommunications cable after the company warned it would face significantly higher prices to carry traffic by o…
Fed’s Kaplan sees U.S. growth returning in second half, but consumers staying cautious
The U.S. economy is headed for a return to growth in the second half of the year after a steep decline this quarter, Dallas Federal Reserve Bank President Robert Kaplan said on Wednesday.
Streaming service Disney+ crosses 50 million paid subscribers mark globally
Walt Disney Co said on Wednesday Disney+ has garnered over 50 million paid users globally, with 8 million of them coming from India where the streaming service was launched last week.
Wall Street rallies on hopeful coronavirus signs, healthcare lift
U.S. stock markets jumped on Wednesday on hopeful signs about the coronavirus outbreak in the United States was close to a peak, with health insurers getting an additional lift from Bernie Sanders’ decision to suspend his presidential campaign.
