Anxiety and trepidation have replaced full-throated excitement among New York City’s businesses preparing to reopen on Monday. “There was a sense of relief and anticipation about getting back to business,” said Tom Grech, president and CEO of the Queens Chamber of Commerce. “But the events of the last five-to-seven daysRead More →
Another day, another trillion dollars — the European Central Bank (ECB) has announced it will double its coronavirus purchase program to €1.35 trillion to the dismay of Bitcoin (BTC) proponents. In a press release on June 4, the ECB became the latest central bank to up its controversial response toRead More →
By Stephanie Nebehay and Ryan Woo GENEVA/BEIJING (Reuters) – Hopes the coronavirus would be contained to China vanished on Friday as infections spread rapidly around the world, countries started stockpiling medical equipment and investors took flight in expectation of a global recession. Share prices were on track for the worstRead More →
2/2 © Reuters. FILE PHOTO: 2019 MTV Video Music Awards – Arrivals – Prudential Center, Newark, New Jersey, U.S. 2/2 By Jonathan Stempel NEW YORK (Reuters) – Music publishers have asked a federal judge to let them double their lawsuit against Peloton Interactive Inc to $300 million, saying the makerRead More →
LONDON (Reuters) – Philip Green is preparing to break up his Topshop-to-Dorothy Perkins fashion empire, the Sunday Times reported citing unidentified sources. The newspaper said Green would separate the brands of his Arcadia Group so they can be sold over time, with the process being overseen by group chief executiveRead More →
SpaceX late last month successfully completed the first in a series of tests on its latest suborbital “Starhopper” prototype. The experiment, which required the vehicle to rise untethered from the launch platform to a height of 20 meters (65 feet) was conducted after multiple delays. The 22-second flight was enoughRead More →
© Reuters. FILE PHOTO: Huawei’s new Honor 20 smartphone is seen at a product launch event in London (Reuters) – Huawei Technologies Co Ltd is preparing for a 40% to 60% decline in international smartphone shipments, Bloomberg reported on Sunday. The Chinese technology company is looking at options that includeRead More →
© Reuters. FILE PHOTO: Statues are seen on a property damaged by the Camp Fire in Paradise By Liana B. Baker, Mike Spector and Jessica DiNapoli (Reuters) – PG&E Corp (N:), owner of the biggest U.S. power utility by customers, said on Monday it is preparing to file for ChapterRead More →
