Democrats probe post office, Italy’s economy shows signs of life, chocolate sales slump
Senior Democrats have called the US postmaster general to testify before Congress amid election fears, pharmaceutical group CureVac has ruled out selling a vaccine at cost, and Italy's businesses enjo...
17 Aug 20209min
Israel and UAE peace deal, Trump vows to block postal vote funds, China treads cautiously
Israel and the United Arab Emirates have reached a historic peace deal, Donald Trump has threatened to deprive the US post office of money needed for postal voting in November’s presidential race, and...
14 Aug 20209min
SME’s lose big, UK GDP woes, remembering Sumner Redstone
Small and medium-sized US companies suffered a wipeout in profits in the second quarter amid the Covid-19 crisis, Lyft reported a 61 per cent drop in revenue in the same quarter but says it is seeing ...
13 Aug 20208min
Biden chooses Kamala Harris as VP candidate, questions on Kodak loan, Russia’s Covid-19 vaccine
Democrat Joe Biden has named Kamala Harris as his vice-presidential running mate, an Eastman Kodak board member donated $116m in company shares to an Orthodox Jewish congregation just before the stock...
12 Aug 202010min
Uber and Lyft told to reclassify drivers, Goldman vs Fed, Sweden’s pandemic
A judge in California has ordered Uber and Lyft to reclassify their drivers as employees, and the Federal Reserve has turned down Goldman Sachs’ request for less onerous treatment after the results of...
11 Aug 202010min
Deals resurgence, aid to Beirut, internal pushback at Nike
A series of blockbuster deals has led a resurgence in M&A activity since the start of July, and international donors agreed to fund €250m in emergency aid for Beirut after a chemical explosion devasta...
10 Aug 202010min
Uber Eats fails to offset ride-sharing collapse, Quicken Loans IPO, Microsoft bids for all of TikTok
A surge in Uber’s food delivery business was unable to offset a 75 per cent drop in global ride-sharing, Quicken Loans stock jumped 20 per cent in its first day of trading on Thursday, and an FT analy...
7 Aug 20209min
US lawmakers probe loan to Kodak, Zynga earnings, Biden spending
US lawmakers have launched an investigation into a $765m loan by the US government to Eastman Kodak, and two companies, Zynga and Etsy, reported strong quarterly earnings amid the pandemic. Plus, the ...
6 Aug 20209min
