Activist fund Elliott backs SoftBank’s $4.8 billion buyback plan
Activist investor Elliott Management said on Friday it supports SoftBank Group Corp’s latest move to buy back up to $4.8 billion of its shares.
Apple shifts annual developers conference to online-only format
Apple Inc on Friday moved its annual developers conference in San Jose, California, in June entirely online, citing the “current health situation.”
World stocks rise on spending hopes but bounce fizzles
Stocks across the globe bounced back on Friday after historic drops, but hopes of more central bank stimulus and government spending went only so far and the comeback lost steam in a week of pandemic panic-selling across markets.
Keep calm and carry on: what is the logic behind Britain’s coronavirus bet?
British Prime Minister Boris Johnson has cautioned that more families will lose their loved ones to the coronavirus but has taken a distinctly different approach to tackling the outbreak.
EU clears UTC purchase of Raytheon, subject to conditions
The European Union has cleared United Technologies Corporation’s (UTC) planned acquisition of Raytheon , subject to conditions, the European Commission said on Friday.
British Airways in battle for ‘survival’ over coronavirus
British Airways warned that its survival was at stake on Friday as its CEO told staff of plans to cut jobs and ground aircraft to tackle the “worsening situation” caused by coronavirus.
Romanian president taps quarantined interim PM to form new government
Romanian President Klaus Iohannis asked quarantined interim Prime Minister Ludovic Orban to form a new government on Friday that parliament could approve as early as Saturday, ending a political stalemate and focusing on the coronavirus crisis.
Take Five: Panic stations
Recent blowouts in dollar swap prices are a sign economic lockdowns across the world are starting to pressure business cashflows, forcing companies to look elsewhere for greenbacks to pay suppliers and creditors.
Lufthansa to apply for German state aid – Handelsblatt
German flagship carrier Lufthansa said on Friday it is planning to request state aid from several European governments to weather the fallout from the coronavirus outbreak.
Dollar rallies as stock markets recover; yen down sharply
The dollar advanced on Friday, posting sharp gains against the safe-haven yen as stock markets recovered globally and investors cheered efforts made by governments and policymakers to address the economic fallout from the coronavirus outbreak.
