Latest News on private equity markets

Emirates stops flights to New York and other cities as virus crushes demand

Emirates stops flights to New York and other cities as virus crushes demand

Emirates is suspending flights to cities including New York, Delhi and Melbourne due to the coronavirus outbreak that has severely hit travel demand.



6 years ago
Major U.S. airlines, unions insist on cash grants from Congress over coronavirus

Major U.S. airlines, unions insist on cash grants from Congress over coronavirus

Chief executives of major U.S. airlines were reaching out to key members of Congress on Saturday in a last-ditch uphill effort to try to win cash grants to weather the coronavirus crisis, warning that the consequences if they did not receive help could be dire, two people briefed on the calls said.



6 years ago
Exclusive: Goldman injects $1 billion into own money-market funds after heavy withdrawals

Exclusive: Goldman injects $1 billion into own money-market funds after heavy withdrawals

Goldman Sachs Group Inc poured more than $1 billion into two of its prime money-market portfolios this week due to heavy investor withdrawals, according to a filing with the U.S. securities regulator.



6 years ago
Exclusive: Amazon.com to stop shipping non-essentials to consumers in Italy and France

Exclusive: Amazon.com to stop shipping non-essentials to consumers in Italy and France

Amazon.com will stop shipping non-essential products to consumers in Italy and France, the company said on Saturday, representing an escalation in the e-commerce giant's response in regions hard hit by the coronavirus outbreak.



6 years ago
Latest on the spread of the coronavirus around the world

Latest on the spread of the coronavirus around the world

As coronavirus cases ballooned in Europe, several countries imposed or planned new restrictions to try to curb the spread. Britain told panic-buyers to calm down. California and three other U.S. states directed tens of millions of people to stay at home.



6 years ago
U.S. Senate races to agree on massive coronavirus relief package

U.S. Senate races to agree on massive coronavirus relief package

The Republican-led U.S. Senate scrambled on Saturday to forge a bipartisan agreement on a $1 trillion-plus bill aimed at stemming the economic fallout from the growing coronavirus outbreak, as talks neared a deadline for drafting and passing the legislation.



6 years ago
Winklevoss twins launch a marketplace for blockchain digital art

Winklevoss twins launch a marketplace for blockchain digital art

The Toronto Star | Olga Kharif | March 17, 2020 Crypto entrepreneurs Tyler and Cameron Winklevoss are launching a marketplace for nifties, the tradable digital art that can sell for thousands of dollars. Nifty Gateway, a startup that the Winklevoss’s Gemini Trust Co. bought last year, is debuting a website Tuesday where consumers will be

6 years ago
Panasonic to suspend battery production at Tesla joint venture in Nevada due to coronavirus

Panasonic to suspend battery production at Tesla joint venture in Nevada due to coronavirus

Panasonic Corp said on Saturday it will temporarily suspend production at its battery joint venture with U.S. electric carmaker Tesla Inc in Nevada because of the coronavirus outbreak.



6 years ago
In the Battle Against Coronavirus, Humanity Lacks Leadership | The World After Coronavirus

In the Battle Against Coronavirus, Humanity Lacks Leadership | The World After Coronavirus

Time | By Yuval Noah Harari | March 15, 2020 A Leaderless World Today humanity faces an acute crisis not only due to the coronavirus, but also due to the lack of trust between humans. To defeat an epidemic, people need to trust scientific experts, citizens need to trust public authorities, and countries need to

6 years ago
LVMH orders 40 million masks from China for France

LVMH orders 40 million masks from China for France

LVMH , the world's biggest luxury goods group, is ordering 40 million health masks from a Chinese supplier to help France cope with the coronavirus outbreak.



6 years ago
Shame on you, Britain tells coronavirus panic-buyers

Shame on you, Britain tells coronavirus panic-buyers

Britain on Saturday told people who were panic-buying and hoarding food due to the coronavirus outbreak to calm down, pointing to a video on social media showing an exhausted nurse driven to tears by finding shelves bare after her shift.



6 years ago
Best Buy withdraws fiscal 2021 financial guidance

Best Buy withdraws fiscal 2021 financial guidance

Best Buy Co Inc said on Saturday that the company withdrew all financial guidance for fiscal 2021, for both the first quarter and full year, due to increased uncertainty related to the potential impacts of the coronavirus.



6 years ago
Exclusive: Amazon raises overtime pay for warehouse workers

Exclusive: Amazon raises overtime pay for warehouse workers

Amazon.com Inc said on Saturday it is raising overtime pay for associates working in its U.S. warehouses, as the world's largest online retailer tries to meet the rapidly growing demand for online shopping from consumers stuck at home during the coronavirus outbreak.



6 years ago
As more colleges move to remote learning, students struggle to adapt

As more colleges move to remote learning, students struggle to adapt

College students will miss graduations and have been denied opportunities to study abroad, but others have no home to go to and can't afford housing during the coronavirus pandemic.

6 years ago
Starbucks closes most U.S., Canada cafes, moves to drive-through

Starbucks closes most U.S., Canada cafes, moves to drive-through

Starbucks Corp said on Friday it will close most of its company operated cafes across north America for two weeks, limiting its services to drive-throughs, to help stem the spread of the highly contagious coronavirus.



6 years ago