Treasury Secretary Steven Mnuchin said earlier in the day that the Trump administration received a proposal from Oracle over the weekend to make Chinese-owned short video app TikTok a U.S.-headquartered company and will review the plan this week.
The chief executive of European planemaker Airbus has warned staff it may have to carry out compulsory layoffs after air travel failed to recover as quickly as anticipated from the coronavirus crisis, a letter seen by Reuters showed.
An Indian court's decision to stall the release of a Netflix series on four Indian tycoons facing fraud allegations "freezes free speech" and hurts the company financially, the U.S. streaming giant has argued in a court filing seen by Reuters.
The chief executive of European planemaker Airbus has warned staff it may have to carry out compulsory layoffs after air travel failed to recover as quickly as anticipated from the coronavirus crisis, a letter seen by Reuters showed.
Delta Air Lines said on Monday it is seeking to raise US$6.5 billion through new bonds and loans backed by its SkyMiles loyalty program, further bolstering liquidity to weather a drastic downturn in travel demand due to the COVID-19 pandemic.
Shares of Nvidia Corp rose 6per cent on Monday after it announced a US$40 billion deal to buy UK-based chip designer Arm from Japan's SoftBank Group Corp that, if completed, would be the chip industry's biggest ever merger.
REUTERS: Scientific Games Corp said on Monday a group of investors, including Caledonia Investments Plc, would acquire a 34.9per cent stake in the gambling products company from stockholder MacAndrews & Forbes Inc at US$28 per share. (Reporting by Ayanti Bera in Bengaluru; Editing by Vinay Dwivedi)
U.S. satellite TV provider Dish Network, racing to build a 5G network in the United States by 2023, has turned to Finland's Nokia to supply 5G core software.
A "mini-deal" struck last month to remove EU tariffs on U.S. lobsters is unlikely to be followed swiftly by similar accords, given transatlantic differences over agriculture, EU Vice President Valdis Dombrovskis said on Monday.
The days of marquee global investment banks being shoo-ins for stock market listings could be coming to an end, in Brazil at least.
