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Amazon's Jeff Bezos invests in UK digital freight forwarder Beacon

May 31, 2020 by  
Filed under News

Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment.


Source: Reuters Business News

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

May 31, 2020 by  
Filed under News

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.


Source: Reuters Business News

Embraer negotiating $600 million bank financing for exports

May 31, 2020 by  
Filed under News

Brazilian planemaker Embraer SA , the world’s third largest commercial jet builder, should obtain $600 million in credit lines from Brazil’s state development bank BNDES and private banks in June, government sources said on Sunday.


Source: Reuters Business News

Russia has no objection to earlier OPEC+ meeting: sources

May 31, 2020 by  
Filed under News

Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from the following week, three OPEC+ sources familiar with the meeting’s preparations told Reuters on Sunday.


Source: Reuters Business News

Renault chairman dismisses fears over potential Maubeuge closure

May 31, 2020 by  
Filed under News

Renault has no plans to close its Maubeuge plant in northern France, Chairman Jean-Dominique Senard said on Sunday, two days after the carmaker announced 15,000 job cuts globally as part of a major restructuring.


Source: Reuters Business News

Credit Suisse's Rohner sees no big hit from oil & gas exposure: SRF

May 30, 2020 by  
Filed under News

Credit Suisse will not take a significant hit from its exposure to the battered oil and gas sector, Chairman Urs Rohner told Swiss state broadcaster SRF on Saturday.


Source: Reuters Business News

Lufthansa accepts tweaked demands by Brussels over state bailout

May 30, 2020 by  
Filed under News

Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.


Source: Reuters Business News

Google postpones Android 11 unveiling amid U.S. protests

May 30, 2020 by  
Filed under News

Alphabet Inc’s Google on Saturday said it has postponed next week’s planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in the United States.


Source: Reuters Business News

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

May 29, 2020 by  
Filed under News

Video conferencing provider Zoom 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.


Source: Reuters Business News

U.S. pipeline operator Energy Transfer warns of coming job cuts

May 29, 2020 by  
Filed under News

U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business.


Source: Reuters Business News

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