» Shell looks to raise $2 billion from sale of stake in Queensland LNG facilities
03/06/20 06:44 from Reuters: Business News
Royal Dutch Shell is looking to looking to raise more than $2 billion from the sale of a 26.25% stake in the common facilities at its Queensland Curtis LNG plant in Australia, according to a sale flyer seen by Reuters.
» Oil gains, with Brent above $40, as hopes rise for output cuts, recovery
03/06/20 06:40 from Reuters: Business News
Oil rose on Wednesday, with Brent above $40 for the first time since March, as optimism mounted that major producers will extend output cuts and a recovery from the coronavirus pandemic will spur fuel demand.
» Virgin Australia bidders get 10-day extension for final offers, source says
03/06/20 06:37 from Reuters: Business News
Virgin Australia Holdings Ltd's administrator has given final bidders Bain Capital and Cyrus Capital Partners until June 22 to lodge binding offers, an extension of 10 days from the original date, a person with knowledge of the matter sa...
» World stocks jump to 3-month high as recovery hopes outweigh looming risks
03/06/20 06:36 from Reuters: Business News
Global shares vaulted to a near three-month high on Wednesday as hopes of more stimulus and further easing in social restrictions around the world outweighed caution over a host of worries from the coronavirus to growing U.S. civil unrest.
» BlackRock focuses on China credit, oil and travel in Asia
03/06/20 06:34 from Reuters: Business News
The world's biggest asset manager, BlackRock Inc, called out oil stocks, domestic tourism and debt in China and India as investment opportunities in its Asia outlook on Wednesday.
» Renault finalises 5 billion euros credit facility with French state
03/06/20 06:33 from Reuters: Business News
Carmaker Renault finalised on Wednesday a 5 billion euros ($5.60 billion) credit facility with the French government, strengthening Renault's finances in the wake of the coronavirus pandemic which has ravaged the autos industry.
» TUI strikes compensation deal with Boeing, delays 737 MAX orders
03/06/20 06:13 from Reuters: Business News
TUI Group , Europe's biggest travel company, said it had struck a deal with aircraft maker Boeing for compensation and slower delivery of the 737 MAX plane, helping its finances during the coronavirus pandemic.
» Germany's Lufthansa posts first-quarter net loss of 2.1 billion euros
03/06/20 05:28 from Reuters: Business News
German airline Lufthansa posted a net loss of 2.1 billion euros ($2.35 billion) in the first quarter, writing down the value of assets as the coronavirus pandemic hits the travel sector.
» As Asia's tropical storm season arrives, grounded airplanes at risk of damage
03/06/20 04:17 from Reuters: Business News
Airlines, airports and insurers across Asia are bracing for the prospect of unusually high damage as the region's tropical storm season begins, as hundreds of aircraft grounded by the coronavirus pandemic can't be moved easily.
» Big in China and tiny in the U.S., Fast Retailing seen weathering pandemic
03/06/20 02:29 from Reuters: Business News
The coronavirus pandemic is shredding the global apparel industry, stripping hundreds of billions of dollars from sales and thrusting big names like J.Crew into bankruptcy protection.
» Google faces $5 billion lawsuit in U.S. for tracking 'private' internet use
03/06/20 01:04 from Reuters: Business News
Google was sued on Tuesday in a proposed class action accusing the internet search company of illegally invading the privacy of millions of users by pervasively tracking their internet use through browsers set in "private" mode.
» U.S. FAA chief to testify at Senate hearing on Boeing 737 MAX
03/06/20 01:03 from Reuters: Business News
U.S. Federal Aviation Administration chief Steve Dickson will testify June 17 before a U.S. Senate panel on certification of the Boeing 737 MAX that was involved in two fatal crashes in five months that killed 346 people.
» Wells Fargo stops giving loans to most independent car dealerships
03/06/20 01:02 from Reuters: Business News
Wells Fargo & Co will stop providing loans to a majority of its independent auto dealer customers due to the economic challenges brought on by the COVID-19 pandemic, a spokeswoman said on Tuesday.
» Tech advocacy group's lawsuit says Trump's order on social media is unconstitutional
03/06/20 01:01 from Reuters: Business News
An advocacy group backed by the tech industry sued President Donald Trump on Tuesday over his executive order that would weaken a law protecting online platforms including social media companies that label or fact-check his posts.
» After Facebook staff walkout, Zuckerberg defends no action on Trump posts
03/06/20 01:00 from Reuters: Business News
Facebook CEO Mark Zuckerberg told employees on Tuesday that he stood by his decision not to challenge inflammatory posts by U.S. President Donald Trump, refusing to give ground a day after staff members staged a rare public protest.
» Zoom nearly doubles revenue forecast on remote-work boost, but costs rising
03/06/20 00:09 from Reuters: Business News
Zoom Video Communications Inc nearly doubled its expectations for annual sales on Tuesday, driven by a surge in users as more people work from home and connect with friends online during coronavirus lockdowns.
» Twitter names ex Google CFO Pichette as chair, Kordestani to stay on
02/06/20 23:39 from Reuters: Business News
Twitter Inc on Tuesday appointed Patrick Pichette, a former chief financial officer at Google, as the social network's board chairman, marking the first time in Twitter's history that an outsider will preside over the group.
» Wall Street closes up on signs of economic rebound
02/06/20 22:43 from Reuters: Business News
A late-session rally pushed Wall Street to solid gains on Tuesday as market participants looked past widespread social unrest and pandemic worries to focus instead on easing lockdown restrictions and signs of economic recovery.
» Rental fleet collapse drags down U.S. vehicle sales
02/06/20 22:00 from Reuters: Business News
The collapse in demand for new vehicles from U.S. rental car fleets hit automakers hard in May, even as consumer sales were stronger than expected as coronavirus stay-at-home orders began to ease.
» Lyft says May rides jump 26% from prior month
02/06/20 21:31 from Reuters: Business News
Ride-hailing firm Lyft Inc said on Tuesday that rides on its platform rose 26% in May from the previous month helped by strong growth in cities where coronavirus-induced restrictions have been eased.
» Trump Calls for Delay in G-7 Meeting, Seeks Expansion
31/05/20 01:01 from Economy - Voice of America
He says it's an outdated group that doesn't properly represent what's taking place in the world
» Minnesota Governor Calls Up Entire National Guard to Quell Violence
31/05/20 00:56 from Economy - Voice of America
Officials expect fifth night of protests in Minneapolis
» What Do Murder, Manslaughter Charges in Floyd Case Mean?
30/05/20 23:52 from Economy - Voice of America
Former Minneapolis Police Officer Derek Chauvin on Friday was charged in George Floyd's death
» South Sudan Vice President Tests Positive for Coronavirus
30/05/20 23:14 from Economy - Voice of America
James Wani Igga made the announcement on state-owned TV
» Atlanta Mayor Praised for Response to Floyd Unrest
30/05/20 22:59 from Economy - Voice of America
Keisha Lance Bottoms invoked city history in a passionate plea for those protesting the death of George Floyd to go home
» When Officers Kill, Redress Is Rare, Review Shows
30/05/20 22:28 from Economy - Voice of America
In the majority of cases, police and the localities that employ them are largely shielded from having to pay financial settlements to victims or their survivors by 'qualified immunity'
» Protests Continue After Night of Violence in California
30/05/20 21:41 from Economy - Voice of America
Windows were smashed, stores robbed and fires set in the San Francisco Bay Area and Los Angeles, where more than 500 were arrested during an hours-long rampage through downtown Friday
» India to Open Some Shopping Malls, Hotels, Restaurants
30/05/20 20:53 from Economy - Voice of America
Lockdown because of COVID-19 will continue in worst-affected regions
» Senior Interior Official Broke Ethics Rules a 2nd Time, Watchdog Says
29/05/20 20:45 from NYT > Energy & Environment
An assistant secretary at the department used his position to help a family member get a job at the Environmental Protection Agency, according to an internal government investigation.
» Economic Giants Are Restarting. Here’s What It Means for Climate Change.
29/05/20 18:59 from NYT > Energy & Environment
Want to know whether the world can avert catastrophe? Watch the recovery plans coming out now in Europe, China and the United States.
» Hong Kong tensions end winning streak for global stock markets - as it happened
29/05/20 13:58 from Eurozone | The Guardian
Rolling coverage of the latest economic and financial news, amid heightened tensions between the US and China China pledges to ‘support’ Hong Kong’s police as US warned not to interfere UK says it will extend Hongkongers’ visa rights if ...
Have Federal Student Loans? Better Check Your Credit.
29/05/20 01:52 from Money - The Huffington Post
An error by one student loan servicer caused borrowers' credit scores to drop.
» PG&E Says Wildfire Victims Back Settlement in Bankruptcy
28/05/20 23:59 from NYT > Energy & Environment
The vote to accept a $13.5 billion deal will help the California utility resolve its bankruptcy in time to qualify for a state wildfire fund.
» California Regulators Back PG&E Bankruptcy Plan
28/05/20 22:06 from NYT > Energy & Environment
The vote increases the likelihood that the utility will resolve its case by a June 30 deadline and get future liability protection from the state.
What Negative Interest Rates Mean For Your Mortgage, Savings And More
28/05/20 15:43 from Money - The Huffington Post
President Donald Trump says he "loves" the idea of negative rates, but Fed Chair Jerome Powell disagrees.
» Covid-19 crisis pushes US jobless claims above 40m - as it happened
28/05/20 14:03 from Eurozone | The Guardian
Rolling coverage of the latest economic and financial news, after US data showed another 2.1 million workers filed for unemployment benefits last week US job losses pass 40m as coronavirus crisis sees claims rise 2.1m 3.03pm BST 2.41pm B...
How To Maximize Your Severance Package If You’ve Lost Your Job
28/05/20 09:45 from Money - The Huffington Post
Don't leave money on the table in a coronavirus-related layoff. Do consider how severance impacts your taxes and unemployment insurance.
» Lack of international cooperation will hinder economic recovery | Howard Davies
28/05/20 06:00 from Eurozone | The Guardian
There has been no consistency to the regulatory changes during the coronavirus crisis The years after the 2007-09 global financial crisis were characterised by an orgy of rule-making by financial regulators around the world to address th...
» What a Week’s Disasters Tell Us About Climate and the Pandemic
28/05/20 00:22 from NYT > Energy & Environment
Extreme weather presents an even bigger threat when economies are crashing and ordinary people are stretched to their limits.
» States Sue to Block Trump From Weakening Fuel Economy Rules
27/05/20 20:41 from NYT > Energy & Environment
At stake in the lawsuit is the single biggest effort by the United States to fight the climate crisis.
» Lyme Disease Season Is Here. These Are Tips on How to Avoid It.
27/05/20 13:58 from NYT > Energy & Environment
The basic symptoms mirror Covid-19, and that’s a worry nobody needs. Plus, a serious illness like Lyme could put you at greater risk from Covid.
» Britain, Host of U.N. Climate Talks, Proposes Full-Year Pandemic Delay
26/05/20 23:06 from NYT > Energy & Environment
The postponement, expected to be approved, could result in national recovery plans with high environmental costs, some diplomats say.
» Franco-German plan for European recovery will face compromises
26/05/20 04:00 from Eurozone | The Guardian
Macron-Merkel plan to borrow on behalf of EU to help worst-hit countries is already being challenged by ‘frugal four’ Coronavirus – latest updates See all our coronavirus coverage When France and Germany announced a plan to raise €500bn ...
How To Convince Your Landlord To Let You Pay Less Rent (For Now)
23/05/20 12:00 from Money - The Huffington Post
These steps improve your chances of getting a temporary break from your lease.
» Reduced Demand for Electricity Leads to Power Giveaways
22/05/20 22:03 from NYT > Energy & Environment
The pandemic is turning energy markets upside-down. Some consumers will get paid for using electricity.
» Virus Crisis Exposes Cascading Weaknesses in U.S. Disaster Response
22/05/20 20:27 from NYT > Energy & Environment
Nonprofits are sending fewer volunteers. Local emergency managers risk being overwhelmed. FEMA is trying “virtual” assistance. And hurricane season starts June 1.
» ‘Expect More’: Climate Change Raises Risk of Dam Failures
22/05/20 14:08 from NYT > Energy & Environment
Engineers say most dams in the United States, designed decades ago, are unsuited to a warmer world and stronger storms.