Brazil’s big privatizations, the latest coronavirus victim
As Brazil’s stock market hit record highs in January, Economy Minister Paulo Guedes said the country could raise up to 150 billion reais ($30 billion) with sales of state-owned companies through share offerings, mergers and acquisitions.
AT&T closing 40% of company owned retail stores, cutting hours
AT&T Inc said Wednesday it will close 40% of its U.S-company owned retail stores nationwide as a result of the coronavirus outbreak.
French Amazon workers protest in coronavirus pushback
Several hundred Amazon workers protested in France on Wednesday, calling on the online retailer to cease operations or make it easier for employees not wanting to work during the coronavirus outbreak to stay away.
Tesla California factory operating normally despite county coronavirus lockdown order: witnesses
Tesla Inc’s U.S. vehicle factory in California on Wednesday appeared to operate normally despite an order by the county’s sheriff’s office to comply with a three-week lockdown in the San Francisco Bay Area to rein in the spread of coronavirus.
U.S housing market shows strength before coronavirus outbreak
U.S. homebuilding fell less than expected in February as a plunge in the construction of multi-family housing units was blunted by a surge in single-family projects, suggesting some strength in the housing sector before the coronavirus pandemic severel…
UK paves way for multi-billion pound bailout of airlines: Times
The British government is paving the way for a multi-billion pound bailout of airlines by lifting a cap on level of financial support it can provide, the Times newspaper reported on Wednesday.
As China’s coronavirus outbreak eases, a wary return to shops for consumers
As shops shut their doors across Europe and the United States, in China the sharp drop in new coronavirus cases has encouraged consumers to venture back into malls and restaurants – for the most part quite gingerly but occasionally in throngs.
Apple brings back ‘scissor’ keyboards in latest MacBook Air
Apple Inc launched an updated version of its MacBook Air on Wednesday, modifying keyboards on its laptop line that have faced criticism for typing-related problems.
Wall Street slumps, government bonds hammered as stimulus high fades
Wall Street resumed a steep slide on Wednesday while bond markets rushed to price in the sheer scale of government support programs and handouts announced over the past 24 hours, all aimed at softening the economic shock of coronavirus.
U.S. crude hits 18-year low as lockdowns spread
Oil prices fell for a third session on Wednesday, with U.S. crude futures tumbling to an 18-year low and Brent hitting a more than 16-year low as travel and social lockdowns to counter the coronavirus raised prospect of the steepest ever annual fall in…
