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United to notify flyers about full flights after social media backlash

United Airlines Holdings Inc said on Monday that starting next week it will notify passengers ahead of time if their flight is expected to be "closer to full capacity," allowing them to re-book on a different flight or receive a travel credit.
Tags: Money, businessNews, United Airlines Holdings Inc


Fed policymakers are negative on negative rates

U.S. Federal Reserve policymakers say they will do what it takes to cushion an economy crushed by the widespread lockdowns aimed at slowing the coronavirus spread, but there's one thing they probably won't do: take interest rates below zero.
Tags: Money, businessNews, Fed, U S Federal Reserve


Bitcoin goes through third 'halving', falls vs U.S. dollar

Bitcoin slid on Monday in volatile trading, after it went through a technical adjustment that reduced the rate at which new coins are created, but the outlook remained upbeat as the increase in supply slows down.
Tags: Money, businessNews


Shut casinos hit Caesars as COVID-19 puts gambling industry in survival mode

Caesars Entertainment Corp missed quarterly revenue estimates on Monday as it shuttered its casinos amid nationwide lockdowns to contain the spread of the COVID-19 pandemic.
Tags: Money, businessNews, Caesars, Caesars Entertainment Corp


Shell, Eni lead oil majors' climate ambitions but still fall short - investors

None of the big oil companies currently meet U.N. targets to limit global warming despite the most ambitious targets set by Royal Dutch Shell and Eni , investors managing $19 trillion said on Tuesday.
Tags: Money, businessNews, Royal Dutch Shell, Eni, Shell Eni


Kuroda says Bank of Japan will do 'whatever it can' to beat pandemic fallout

Bank of Japan Governor Haruhiko Kuroda said on Tuesday the central bank would do "whatever it can" to combat the growing fallout from the coronavirus pandemic, warning that a collapse in global activity would hamstring the economy.
Tags: Money, businessNews, Bank of Japan, Haruhiko Kuroda, Kuroda


Global Markets: Asian stocks stumble on fears of second coronavirus wave, oil up

Asian shares skidded on Tuesday on growing worries about a second wave of coronavirus infections after the Chinese city where the pandemic originated reported its first new cases since its lockdown was lifted.
Tags: Money, businessNews, Global Markets


China's factory deflation deepens as pandemic hits demand

China's factory prices fell at the sharpest rate in four years in April, highlighting weakening industrial demand in the world's second-largest economy as the coronavirus pandemic slams global growth.
Tags: Money, China, businessNews


Global airline CO2 scheme will supplement, not replace EU carbon market - Commission

The U.N. aviation agency's planned scheme for offsetting emissions from international flights will supplement, not replace, the European Union carbon market, the EU's transport commissioner said on Monday.
Tags: Money, Eu, European Union, businessNews


EU to recommend airlines, travel firms offer vouchers valid for at least a year

EU airlines and travel companies should offer vouchers for flights and holidays cancelled due to the coronavirus that are valid for at least 12 months, the European Commission says in recommendations to help revive travel and tourism in Europe.
Tags: Money, Eu, businessNews, European Commission


South African Airways rescue team to appeal court ruling on layoffs

Administrators trying save South African Airways (SAA) will appeal a court ruling that ordered them to halt a layoff process, one of the administrators Siviwe Dongwana told Reuters.
Tags: Money, businessNews, Siviwe Dongwana


Richard Branson to sell 25 million shares in Virgin Galactic to battle pandemic impact

Billionaire Richard Branson's Virgin Group said on Monday that it may sell up to 25 million shares of space tourism company Virgin Galactic Holdings Inc to raise funds amid the COVID-19 pandemic.
Tags: Money, businessNews, Virgin Galactic, Virgin Group, Richard Branson, Virgin Galactic Holdings Inc


Fed's Quarles says U.S. banks, Fed may need to do more in crisis

U.S. banks are "well-positioned" to support households and businesses during the coronavirus crisis, a top U.S. central banker said on Monday, lending to creditworthy firms, processing transactions and helping, as conduits for U.S. government economic support, to stabilize financial markets.
Tags: Money, businessNews, Fed, Quarles


U.S. refiners killed the golden goose: diesel margins

U.S. refiners expected the spread of coronavirus to kill demand for gasoline and jet fuel, so they rushed to produce more diesel - but now they are sitting with a glut of that product, too.
Tags: Money, businessNews


China buys at least four U.S. soybean cargoes, seeking more - traders

Chinese importers bought at least four cargoes, or about 240,000 tonnes, of U.S. soybeans on Monday for shipment beginning in July, two traders familiar with the deals said.
Tags: Money, China, businessNews


EMA recommends expanding compassionate use of Gilead's COVID-19 drug

The European Medicines Agency (EMA) on Monday recommended that the compassionate use of Gilead Sciences Inc's experimental drug remdesivir be expanded so that more patients with severe COVID-19 can be treated.
Tags: Money, businessNews, Gilead Sciences Inc, Gilead, European Medicines Agency EMA


DARPA and US Space Force Aim to Mass Produce LEO Spy Satellites

DARPA Blackjack aims to demonstrate spy satellite sensors that are low in size, weight, and power, and that can be mass produced to fit on many different buses from many different providers, for less... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Innovation, Darpa, US Space Force


Musk reopens Tesla factory against local rules: ‘If anyone is arrested, I ask that it only be me’

Elon Musk is reopening Tesla‘s Fremont factory, defying a shelter-in-place order throughout California’s Alameda county. Naturally, the CEO made the announcement on Twitter, and with a flair of martyrdom to boot: Tesla is restarting production today against Alameda County rules. I will be on the line with everyone else. If anyone is arrested, I ask that it only be me. — Elon Musk (@elonmusk) May 11, 2020 Tesla is currently suing Alameda County. As noted by Ars Technica, the company is arguing th...
Tags: Startups, Elon Musk, California, Tesla, Ars Technica, Insider, Alameda, FREMONT, Alameda County


DARPA and US Space Force Aim to Mass Produce

DARPA Blackjack aims to demonstrate spy satellite sensors that are low in size, weight, and power, and that can be mass produced to fit on many different buses from many different providers, for less... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tags: Innovation, Darpa, US Space Force


UK should extend part of furlough scheme to end of year - think tank

Britain's government should extend a costly job support programme until the end of the year for retail and hospitality workers hit hardest by the coronavirus, a think tank said on Tuesday, ahead of an expected government announcement.
Tags: UK, Money, businessNews, Britain


Oil prices climb as Saudi Arabia pledges further production cut

Oil futures rose on Tuesday, boosted by an unexpected commitment from Saudi Arabia to deepen production cuts in June to help drain the glut in the global market that has grown as the coronavirus pandemic crushed fuel demand.
Tags: Money, Saudi Arabia, businessNews


Trump 'not interested' in reopening U.S.-China trade deal after report of Beijing discontent

U.S. President Donald Trump said on Monday he opposed renegotiating the U.S.-China "Phase 1" trade deal after a Chinese state-run newspaper reported some government advisers in Beijing were urging fresh talks and possibly invalidating the agreement.
Tags: Money, China, Beijing, businessNews, Donald Trump, Trump, U S China Phase


Boeing CEO sees passenger levels under 25% in September, pain for airlines - NBC interview

Boeing Co Chief Executive Dave Calhoun does not expect passenger traffic to reach even a quarter of its levels in September, creating the need for airlines to make "adjustments" as they weather the impact of the coronavirus pandemic.
Tags: Money, Nbc, businessNews, Boeing, Boeing Co, Dave Calhoun


Argentina extends $65 bln debt deadline as 'hardball' talks stoke risk of default

Argentina will extend negotiations over a $65 billion debt restructuring proposal until May 22, the government said on Monday, setting the stage for tense last-ditch talks as the South American nation races to avoid default.
Tags: Money, businessNews, Argentina


Two-year yields hit record lows, fed fund futures imply negative rates

Two-year Treasury yields hit record lows on Friday and fed fund futures implied the Federal Reserve could cut rates into negative territory, though analysts said the move was likely technical as investors betting on higher rates were squeezed out of their positions.
Tags: Money, businessNews, Treasury, Federal Reserve


Fiat Chrysler restarts Brazil production after coronavirus shutdown

Automaker Fiat Chrysler SA on Monday said it was gradually restarting operations at its three factories in Brazil, where operations had been halted for 48 days due to the new coronavirus outbreak.
Tags: Money, businessNews, Brazil, Fiat Chrysler, Fiat Chrysler SA


WeWork directors seek to preserve right to sue owner SoftBank

A special committee of WeWork board members filed a motion in Delaware on Monday to prevent it from being disbanded, as it pursues legal action against majority owner SoftBank Group Corp over an abandoned $3 billion tender offer for the office space-sharing start-up.
Tags: Money, Softbank, businessNews, WeWork, Delaware, SoftBank Group Corp


Southeast Asian lending platform Validus raises $20 million for its Series B+ round

Small- to medium-sized businesses are one of the most important parts of Southeast Asia’s economy, but many have trouble securing growth capital from traditional financial institutions. Validus wants to fix the financing gap with its peer-to-peer lending platform, which connects accredited lenders with SMEs. The Singapore-based startup announced today that it has raised $20 million for its ongoing Series B+ round. The funding was co-led by Vertex Growth fund and Kuok Group’s Orion Fund, which is...
Tags: Fundings & Exits, Startups, TC, Indonesia, Southeast Asia, Singapore, India, Tech, Thailand, Netherlands, Vietnam, Fintech, P2p Lending, SMEs, Vertex, Monetary Authority of Singapore


China bans Aussie meat imports as Covid-19 tensions rise

China has reportedly suspended meat imports from four Australian abattoirs as simmering tensions about the origin of the Covid-19 outbreak rise between the countries. The Asian giant - which is New Zealand's biggest meat export... [Author: [email protected]]
Tags: Business, China, New Zealand


China bans Aussie meat exports as Covid-19 tensions rise

China has reportedly suspended meat exports from four Australian abattoirs as simmering tensions about the origin of the Covid-19 outbreak rise between the countries. The Asian giant - which is New Zealand's biggest meat export... [Author: [email protected]]
Tags: Business, China, New Zealand



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