Almost all bets are off: casino capitals Macau, Las Vegas slammed by virus
The vast, glitzy gaming halls of Macau are open, but thousands of baccarat tables are empty. The world’s biggest gambling hub has barred entry to most travellers and hotels are being used to isolate new arrivals in case they have been infected by coron…
Asian stocks slip as Trump warns of horrors to come
Asian equities fell for a second session on Thursday, after a dire warning about the U.S. coronavirus death toll had investors looking to the safety of dollars and bonds and bracing for more bad news from U.S. jobless figures.
SoftBank to abandon $3 billion deal for additional WeWork shares
Japan’s SoftBank Group Corp will not complete a $3 billion tender offer for additional WeWork shares agreed last year with its shareholders, a special committee of the U.S.-based shared-office operator’s board said on Wednesday.
British Airways could suspend 36,000 employees: BBC
IAG-owned British Airways is expected to announce a suspension of about 36,000 of its employees, BBC News reported on Wednesday.
Oil surges as Trump talks up hopes for truce in Saudi-Russia price war
Crude oil futures jumped nearly 5% in early trading on Thursday after U.S. President Donald Trump said he expected Saudi Arabia and Russia to reach a deal in the next few days to end their oil price war.
Elon Musk’s SpaceX bans Zoom over privacy concerns -memo
Elon Musk’s rocket company SpaceX has banned its employees from using video conferencing app Zoom, citing “significant privacy and security concerns,” according to a memo seen by Reuters, days after U.S. law enforcement warned users about the security …
Apple will stop taking cut of some Amazon video purchases on App Store
Apple Inc said on Wednesday it would stop taking a cut of some sales for “qualifying” streaming video services on iPhones and other Apple devices, including Amazon.com’s Prime Video.
Exclusive: U.S. officials agree on new ways to control high tech exports to China – sources
The Trump administration is tightening rules to prevent China from obtaining advanced U.S. technology for commercial purposes and then diverting it to military use, several sources told Reuters.
Swiss manufacturing PMI sinks to lowest level since 2009 on coronavirus fears
From expensive watches to chocolates and cement, Swiss industry is being battered by the coronavirus epidemic, data showed on Wednesday, with the country’s PMI survey sinking to its lowest level in more than a decade.
U.S. Energy Department urges Saudi, Russia to calm oil markets
The U.S. Energy Department on Wednesday urged Saudi Arabia and Russia to calm oil markets after the kingdom’s crude supply rose to a record of more than 12 million barrels per day even as oil demand falters on the coronavirus pandemic.
