Wall Street opens higher on coronavirus slowdown hopes
U.S. stocks opened higher on Monday, after President Donald Trump expressed hope that the coronavirus health crisis was “leveling-off” in some of the hardest-hit U.S. states.
EasyJet founder steps up battle with management over Airbus order
Stelios Haji-Ioannou, easyJet’s founder and biggest shareholder, on Monday intensified his battle with the airline’s management over a huge aircraft order with Airbus which he says it should cancel.
Zoom shares slip over security concerns, rising competition
Shares of Zoom Video Communications Inc fell 8% on Monday, adding to their sharp declines in the past few days, as the video conferencing app battles privacy concerns and increased competition from deep-pocketed rivals.
EasyJet requests draw down of $500 million credit facility, explores more funding
EasyJet said on Monday it has requested to fully draw down its $500 million credit facility, secured against aircraft assets, and will continue to explore funding options due to a possibly prolonged grounding of its jets following the coronavirus outb…
IBM taps former Bank of America CTO to oversee cloud business
International Business Machines Corp on Monday named former Bank of America Corp top technology executive Howard Boville head of its cloud business, as Arvind Krishna takes over from long-time chief Ginni Rometty.
Cemex to shut Mexico operations until at least April 30 due to coronavirus
Mexican cement company Cemex will suspend its operations in the country until at least April 30 in line with government guidelines aimed at stopping the spread of coronavirus, the firm said in a statement on Monday.
BT boss gives salary to health workers, lifts pay for key staff
The head of Britain’s biggest telecoms firm BT said he would donate his salary to health workers for at least six months and award a pay rise to his frontline staff who are maintaining broadband networks during the COVID-19 shutdown.
Safaricom, Vodacom finalise M-Pesa acquisition from Britain’s Vodafone
Kenya’s leading telecom firm Safaricom and South Africa’s Vodacom said on Monday that they had completed the acquisition of popular mobile money platform M-Pesa from Britain’s Vodafone .
Canada, U.S. farms face crop losses due to foreign worker delays
Mandatory coronavirus quarantines of seasonal foreign workers in Canada could hurt that country’s fruit and vegetable output this year, and travel problems related to the pandemic could also leave U.S. farmers with fewer workers than usual.
BMW sees demand falling further after first quarter sales plunge due to coronavirus
BMW is expecting a further decline in global demand as the coronavirus outbreak takes its toll, a spokesman said on Monday, after the German carmaker reported a 20.6% drop in first quarter sales to 477,111 vehicles.
