Exclusive: Dubai signs up banks for $9 billion DP World debt deal – sources
Dubai has received commitments from a group of 10 banks for $9 billion in loans to take full control of port operator DP World and refinance debt of state investment vehicle Dubai World, two sources told Reuters.
Pressures on Amazon’s staff in France unacceptable: minister
Pressures faced by Amazon’s staff in France are unacceptable, Finance Minister Bruno Le Maire said on Thursday, after unions said workers faced non-payment if they stopped due to fears over the coronavirus outbreak.
What you need to know about the coronavirus right now
Here’s what you need to know about the coronavirus right now:
Factbox: Latest on the spread of coronavirus around the world
The world’s wealthiest nations poured unprecedented aid into the traumatized global economy on Thursday as coronavirus cases ballooned in the current epicentre Europe even as they waned at the pandemic’s point of origin, China.
Google critics see its Firebase tools as another squeeze play
Some app developers say Alphabet Inc’s Google is increasingly pressing them to embed code in their own products that will deepen Google’s access to data on consumers, giving the company a leg up on rivals.
Oil jumps after three-day slump but virus and oversupply still weigh
Oil prices bounced nearly 7% on Thursday after a three-day selloff drove them to their lowest in almost two decades as demand plummeted due to the coronavirus and supplies surged in a fight for market share between Russia and Saudi Arabia.
Amazon to shut down Queens, New York hub after worker tests positive for coronavirus
Amazon.com Inc said on Thursday that one of its associates had tested positive for coronavirus at its Queens, New York delivery station and it will temporarily shut down the hub for additional sanitation.
SoftBank shares close down 17% in biggest one-day fall
Shares of SoftBank Group Corp closed down 17% on Thursday in their biggest one-day fall, hammered by investor scepticism over the outlook for tech bets, such as office sharing firm WeWork and ridehailer Uber .
Tesla’s Musk offers to make ventilators amid shortage in coronavirus battle
Hundreds of Twitter users welcomed on Thursday an offer by Tesla’s chief executive, Elon Musk, to make ventilators for coronavirus sufferers, after the United States appealed for donations of respirator masks to combat a shortage.
Airline industry may not survive without state aid: Lufthansa
Lufthansa said that the airline industry may not survive without state aid if the coronavirus pandemic lasts for a long time, as it throws everything at bringing home travelers and keeping industrial supply chains open.
