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As coronavirus hits tourism, Wizz Air finds new role

Hungarian low-cost airline Wizz Air is repatriating citizens and transporting medical equipment for east European governments, in a move coupling one-off charter traffic with savvy government relations amid the coronavirus crisis.

Source: Reuters: Business News | 7 Apr 2020 | 6:36 pm(NZT)

France's ADP loses 3 million euros a day in sales due to coronavirus - CEO

French airports operator ADP is losing more than 3 million euros ($3.25 million) in sales a day due to the coronavirus crisis, Chief Executive Augustin de Romanet said on Tuesday.

Source: Reuters: Business News | 7 Apr 2020 | 6:29 pm(NZT)

Cineworld closes all cinemas in 10 countries due to coronavirus

British cinema operator Cineworld said on Tuesday all its 787 cinemas across 10 countries have been shut due to the coronavirus pandemic and that it was in talks with its lenders for ongoing liquidity requirements.

Source: Reuters: Business News | 7 Apr 2020 | 6:24 pm(NZT)

Asian companies pose lower dividend risk due to stronger finances

Asian firms appear better equipped to pay stable dividends compared with their western counterparts that are constrained by highly levered balance-sheets and a need to preserve cash during the coronavirus outbreak.

Source: Reuters: Business News | 7 Apr 2020 | 6:18 pm(NZT)

Employees worried about Valero response to virus cases at Texas refinery: sources

Employees at Valero Energy Corp's Port Arthur, Texas, refinery expressed worries about the company's slow response to keep the coronavirus from spreading there after two workers tested positive, four people familiar with the matter said.

Source: Reuters: Business News | 7 Apr 2020 | 6:04 pm(NZT)



Outbreak shows signs of leveling off in New York, New Jersey, but vigilance urged

The governors of New York, New Jersey and Louisiana pointed to tentative signs on Monday that the coronavirus outbreak may be starting to plateau in their states but warned against complacency as the death toll nationwide approached 11,000.

Source: Reuters: Business News | 7 Apr 2020 | 5:50 pm(NZT)

France's Thales withdraws final dividend, suspends outlook

France's Thales on Tuesday became the latest major company to slash its dividend, suspend profit guidance and top up liquidity in response to the coronavirus crisis.

Source: Reuters: Business News | 7 Apr 2020 | 5:43 pm(NZT)

Oil rises 3% on hopes for output cut as coronavirus ravages demand

Oil prices gained on Tuesday as hopes rose that the world's biggest producers of crude will agree to cut output as the coronavirus pandemic crushes demand, even as analysts warn a global recession may be deeper than expected.

Source: Reuters: Business News | 7 Apr 2020 | 5:14 pm(NZT)

Coronavirus: US car insurers refund drivers stuck at home

Major US insurer Allstate is paying out $600m in refunds to drivers in quarantine and through discounts.

Source: BBC News - Business | 7 Apr 2020 | 5:02 pm(NZT)

China's Ucar, in which Luckin chairman is top shareholder, halts shares

China's Ucar Inc, in which Luckin Coffee Chairman Charles Zhengyao Lu is the biggest shareholder, suspended trading of its shares on Tuesday after regulators questioned the car service provider about how the alleged fraud at Luckin would impact it.

Source: Reuters: Business News | 7 Apr 2020 | 4:47 pm(NZT)



Toshiba should sell stake in ex-chip unit at IPO, says HK activist fund in letter

A Hong Kong-based activist investor in Toshiba Corp has asked the Japanese conglomerate to sell its entire stake in Kioxia Holdings when the flash memory chip firm is listed in an IPO that could raise up to $32 billion, according to a letter reviewed by Reuters.

Source: Reuters: Business News | 7 Apr 2020 | 4:17 pm(NZT)

Cemex resumes Mexico operations after brief pause due to coronavirus

Mexican cement company Cemex said on Monday it would resume operations in the country, hours after announcing a pause, as fresh guidelines from the government permitted such a move.

Source: Reuters: Business News | 7 Apr 2020 | 4:12 pm(NZT)

UPS employee dies of COVID-19 infection in Kentucky

A United Parcel Service Inc worker employed in Kentucky died over the weekend from a COVID-19 infection, Gov. Andy Beshear said at a public health briefing on Monday.

Source: Reuters: Business News | 7 Apr 2020 | 2:49 pm(NZT)

Short-form streaming app Quibi launches to rival Netflix

BBC's technology reporter tests if Quibi's platform with 10-minute or shorter videos could get viewers hooked.

Source: BBC News - Business | 7 Apr 2020 | 2:33 pm(NZT)

Calls for debt relief for world's poorest nations

More than 100 global organisations want debt payments to be waived for developing countries this year.

Source: BBC News - Business | 7 Apr 2020 | 2:14 pm(NZT)

The shop where you can still buy huge bags of pasta

Wholesalers are opening their doors to members of the public keen to buy supplies in bulk.

Source: BBC News - Business | 7 Apr 2020 | 11:08 am(NZT)

Coronavirus: 'I was asked for £430 a month for my shut nursery'

Many nurseries are closed, but some are still asking parents to continue to pay a monthly fee

Source: BBC News - Business | 7 Apr 2020 | 11:01 am(NZT)

Coronavirus: Why is the petrol price nearing £1 a litre?

An oil price war and Covid-19 travel restrictions are cutting fuel costs but it is not good news for everyone.

Source: BBC News - Business | 7 Apr 2020 | 11:01 am(NZT)



Waitrose in U-turn on virus pay policy

The firm said it no longer expects staff to recover time they take off for sick family members.

Source: BBC News - Business | 7 Apr 2020 | 8:57 am(NZT)

Coronavirus: Don't bail out airlines, say climate campaigners

Climate change: Use crisis to turn aviation green, say campaigners

Source: BBC News - Business | 7 Apr 2020 | 8:55 am(NZT)

Coronavirus: 'Under-25s and women financially worst-hit'

A "concentration" of workers under 25, women and the low-paid will be hit by the virus lockdown.

Source: BBC News - Business | 7 Apr 2020 | 3:50 am(NZT)

Coronavirus: You can't just stop paying rent, tenants told

Landlords say the government should make it clear that rent must be paid unless a landlord agrees to a pause.

Source: BBC News - Business | 6 Apr 2020 | 11:58 pm(NZT)

UK drivers win first round in VW 'dieselgate' case

The High Court rules that the German firm installed 'defeat devices' in vehicles to cheat emissions tests.

Source: BBC News - Business | 6 Apr 2020 | 11:19 pm(NZT)

Coronavirus: Debenhams to file for administration

The department store chain, which employs 20,000 people, says the move will allow it to keep trading.

Source: BBC News - Business | 6 Apr 2020 | 10:56 pm(NZT)

F.C.C. Chairman Recommends Approval of $26 Billion T-Mobile-Sprint Merger

Ajit Pai said the companies had won his support by making what he called “significant commitments” to expand rural broadband service, build a robust 5G network and sell off Boost Mobile.

Source: NYT > Business | 21 May 2019 | 2:19 am(NZT)

Google Restricts Huawei’s Access to Android After Trump Order

The move could hamstring the Chinese tech giant if it prevents the firm’s customers from getting the latest versions of services such as Maps and Gmail.

Source: NYT > Business | 21 May 2019 | 1:50 am(NZT)

‘They Were Conned’: How Reckless Loans Devastated a Generation of Taxi Drivers

Thousands of immigrants who were chasing the dream of owning a New York taxi were trapped in reckless loans by bankers who made huge profits, The Times found.

Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)

As Thousands of Taxi Drivers Were Trapped in Loans, Top Officials Counted the Money

The government profited and looked away as thousands of immigrant taxi drivers in New York were ravaged by exploitative loans.

Source: NYT > Business | 21 May 2019 | 1:19 am(NZT)

Mediator: Kissing Babies, Loving Scrapple, Fighting Viral Hoaxes: ’20 Race’s New Routine

When it comes to disinformation, all signs suggest the 2020 presidential campaign will make 2016 look like a mere test run, our columnist writes.

Source: NYT > Business | 21 May 2019 | 12:37 am(NZT)

DealBook Briefing: Tech’s Cold War Just Started

Google, Qualcomm and Broadcom are among the companies that have reportedly frozen their supply of components and software to Huawei.

Source: NYT > Business | 20 May 2019 | 11:05 pm(NZT)

Deutsche Bank Staff Saw Suspicious Activity in Trump and Kushner Accounts

Anti-money-laundering specialists proposed filing “suspicious activity reports” about transactions connected to President Trump and Jared Kushner. Bank managers said no.

Source: NYT > Business | 20 May 2019 | 9:56 pm(NZT)

Whitney Houston’s Estate Plans a Hologram Tour and a New Album

The family of the singing star, who died seven years ago, has reached a deal with the marketing company behind the posthumous resurgence of Bob Marley.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

Amazon Faces Investor Pressure Over Facial Recognition

Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.

Source: NYT > Business | 20 May 2019 | 9:00 pm(NZT)

In a Surprise, Japan’s Economy Grew in the First Quarter, Despite a Slowdown in China

But the strong figure masks lingering weakness, giving Prime Minister Shinzo Abe a mixed bag as he tries to strike a trade deal with the U.S.

Source: NYT > Business | 20 May 2019 | 5:53 pm(NZT)

Rain Much on Your Vacation? One Italian Island Offers Hotel Refunds

Tourists who visit Elba, off the coast of Tuscany, get one night back for every day during which it rains for more than two hours at a time.

Source: NYT > Business | 20 May 2019 | 4:18 pm(NZT)

TripAdvisor Modified Its Approach to Reviews and Sexual Assault. Did It Go Far Enough?

A woman assaulted by a tour guide says the company’s policies discourage reporting and keep travelers from finding out the truth.

Source: NYT > Business | 20 May 2019 | 3:36 pm(NZT)

















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