June 11, 2020

Volkswagen blames cultural insensitivity for ad criticised as ‘racist’

Volkswagen on Thursday apologised for posting on its Instagram page last month an advert widely criticised as “racist”, and said it was published because of a […]
June 11, 2020

Wall Street lower on fears of new virus wave, Fed’s cautious outlook

The S&P 500 and the Dow Jones hit a one-week low on Thursday, after a sharp climb over the past month, as investors worried about a […]
June 11, 2020

British Airways turns to Damien Hirst in its hour of need

British Airways will sell at least 10 works of art that normally hang in its executive lounges, a source said, turning to pieces by famous artists […]
June 11, 2020

Uber, Lyft drivers are employees, says California regulator

Drivers working for ride-hailing services such as Uber Technologies Inc and Lyft Inc will be considered employees under California’s new gig worker law, the state’s leading […]
June 11, 2020

PayPal pledges over $500 million to support minority-owned U.S. businesses

PayPal Holdings Inc said on Thursday it was pledging $530 million to support black and minority-owned businesses in the United States and foster diversity, amid worldwide […]
June 11, 2020

Delta rolling out COVID-19 testing for all employees

Delta Air Lines Inc is launching next week a program to test employees for active COVID-19 and antibodies under a partnership with the Mayo Clinic and […]
June 11, 2020

Oil prices set for worst daily drop since April on inventories, bearish Fed

Oil prices slumped on Thursday, dragged down by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy […]
June 11, 2020

Japan’s Takeda to sell some Asia-focused drugs to Celltrion for $278 million

Takeda Pharmaceutical Co Ltd has agreed to sell a portfolio of over-the-counter and prescription drugs marketed in the Asia Pacific region to South Korea’s Celltrion Inc […]
June 11, 2020

Exclusive: Pershing Square’s Ackman eyes $1 billion-plus ‘blank-check’ company – sources

Billionaire investor William Ackman’s hedge fund Pershing Square Capital Management has filed confidentially with U.S. regulators for an initial public offering (IPO) of a blank-check investment […]
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