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June 4, 2020
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Reuters - Business

Trump administration to bar Chinese passenger carriers from flying to U.S.

Reuters
WASHINGTON (Reuters) – President Donald Trump’s administration on Wednesday barred Chinese passenger carriers from flying to the United States starting on June 16 as it pressures Beijing to let U.S. air carriers resume flights amid simmering tensions between the world’s two largest economies. FILE PHOTO: A passenger aircraft of China......
Reuters - Business

Exclusive: Trump administration to bar Chinese passenger carriers from flying to U.S., sources say

Reuters
FILE PHOTO: A passenger aircraft of China Eastern Airlines takes off at Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease (COVID-19) in France May 19, 2020. REUTERS/Charles Platiau/File Photo WASHINGTON (Reuters) – President Donald Trump’s administration plans to bar Chinese passenger carriers from flying......
Reuters - Business

Exclusive: U.S. small business program handed out virus aid to many borrowers twice

Reuters
WASHINGTON (Reuters) – A technical snafu in a U.S. government system caused many small businesses to receive loans twice or more under a federal aid program to help businesses hurt by the COVID-19 pandemic, nearly a dozen people with knowledge of the matter said. FILE PHOTO: U.S. President Donald Trump......
New York Post

MLB hostility worsens as Rob Manfred’s top aide, Tony Clark trade barbs: Sherman

NYPost
MLB and the players association have now swapped financial proposals with each expressing distaste for the opposing plan. And while that keeps the sides far away from an agreement to restart the game, they do continue to heighten a war of words. The players association, represented by executive director Tony......
Reuters - Business

Exclusive: Mexican broadcaster Televisa to launch mobile phone service, challenging Slim

Reuters
MEXICO CITY (Reuters) – Mexican broadcaster Televisa said on Sunday it will start offering mobile phone service, a bid to challenge billionaire Carlos Slim’s America Movil, which has long dominated the country’s telecommunications market. FILE PHOTO: The logo of broadcaster Televisa is pictured at its offices in Ciudad Juarez, Mexico,......
Reuters - Business

Exclusive: Zoom plans to roll out strong encryption for paying customers

Reuters
SAN FRANCISCO (Reuters) – Video conferencing provider Zoom (ZM.O) plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday. FILE PHOTO: Small toy figures are seen in front of......
Reuters - Business

Exclusive: Brazil’s Embraer draws foreign interest after Boeing rift – sources

Reuters
SAO PAULO/NEW DELHI/PARIS (Reuters) – Aircraft makers are circling Brazil’s Embraer (EMBR3.SA) weeks after Boeing (BA.N) ditched plans for a historic commercial aviation tie-up, people familiar with the matter said. FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos,......
CNBC Business

NFL owners approve exclusive renewal with Electronic Arts, alter distribution rule for CBS and FOX games

CNBC
CNBC – For more and to sign up click here Patrick Mahomes #15 of the Kansas City Chiefs looks to pass against the San Francisco 49ers in Super Bowl LIV at Hard Rock Stadium on February 02, 2020 in Miami, Florida. Focus On Sport | Getty Images It was business......
Reuters - Business

Exclusive: Google faces antitrust case in India over payments app – sources

Reuters
NEW DELHI (Reuters) – India’s antitrust body is looking into allegations that Alphabet Inc’s Google is abusing its market position to unfairly promote its mobile payments app in the country, five sources familiar with the case told Reuters. FILE PHOTO: A woman walks past the logo of Google during an......
Reuters - Business

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector – sources

Reuters
HONG KONG/FRANKFURT (Reuters) – Volkswagen AG (VOWG_p.DE) is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German automaker accelerates its push into the world’s largest market for environmentally friendlier cars. FILE PHOTO: The logo of German car maker......
Reuters - Business

Exclusive: ECB prepares for the worst: life without the Bundesbank – sources

Reuters
FRANKFURT (Reuters) – The European Central Bank (ECB) is drafting contingency plans to carry out its multi-trillion bond-buying programme without the Bundesbank in case Germany’s top court forces the main participant in the scheme to quit, four sources told Reuters. FILE PHOTO: A man walks towards the European Central Bank......
Reuters - Business

Exclusive: Cathay Pacific’s brand merger hits roadblock from China’s aviation regulator – sources

Reuters
SYDNEY (Reuters) – China’s aviation regulator may make it difficult for Hong Kong’s Cathay Pacific Airways Ltd (0293.HK) to merge regional arm Cathay Dragon into its main brand because of infractions during last year’s pro-democracy protests, two sources said. FILE PHOTO: A Cathay Dragon Airbus A330-300 plane descends before landing......
Reuters - Business

Exclusive: Schlumberger names new top executives to oversee corporate overhaul

Reuters
(Reuters) – Schlumberger, the world’s largest oilfield services firm, will reshuffle top executives and operations in coming months to deal with this year’s historic decline in the oil industry, according to a memo to employees. FILE PHOTO – The exterior of a Schlumberger Corporation building is pictured in West Houston......
BBC Entertainment

Joe Rogan signs exclusive Spotify podcast deal

BBC
Image copyright Getty Images Joe Rogan has signed an exclusive deal with Spotify, which will see his podcast, The Joe Rogan Experience, disappear from all other platforms. The multi-year deal is believed to be worth $100m (£82 million), according to the Wall Street Journal. Rogan’s podcast, which is one of......
Reuters - Business

Exclusive: Exxon revives sale of stake in giant Azeri oilfield

Reuters
LONDON (Reuters) – Exxon Mobil (XOM.N) has relaunched the sale of its stake in Azerbaijan’s largest oilfield, the company said on Tuesday, as banking and industry sources said the move was drawing interest from large Asian oil and gas companies seeking to capitalize on the recent collapse in oil prices.......
Reuters - Business

Regulator asks for Credit Suisse directors’ mobile data in spy inquiry: sources

Reuters
FRANKFURT/ZURICH (Reuters) – Swiss regulators have requested electronic messaging data from the mobile phones of several Credit Suisse managers and supervisory board directors as part of a probe into spying at the bank, three people familiar with the matter said. FILE PHOTO: The logo of Swiss bank Credit Suisse is......
Reuters - Business

Exclusive: Nasdaq to tighten listing rules, restricting Chinese IPOs – sources

Reuters
FILE PHOTO: A man walks near Nasdaq MarketSite in an empty Times Square as the coronavirus disease (COVID-19) outbreak continues in New York City, U.S., March 29, 2020. REUTERS/Eduardo Munoz NEW YORK (Reuters) – Nasdaq Inc (NDAQ.O) is set to unveil new restrictions on initial public offerings (IPOs), a move......
Reuters - Business

Exclusive: U.S. Justice Dept. subpoenas Wall Street banks for small business loans info – sources

Reuters
WASHINGTON (Reuters) – The U.S. Justice Department has sent grand jury subpoenas to big banks seeking records as part of a broader investigation into potential abuse of a $660 billion emergency loan program to help small businesses hurt by the novel coronavirus, two people with knowledge of the matter told......

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