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Boeing enters into US$5.28 billion revolving credit agreement

Boeing Co said on Monday it had entered into a US$5.28 billion, two-year revolving credit agreement, as the U.S. planemaker contends with a prolonged slowdown in commercial air travel fueled by the COVID-19 pandemic.

Markets

WeWork lost US$3.2 billion last year: Financial Times

WeWork lost US$3.2 billion last year according to documents shown to prospective investors by the office-sharing startup in a pitch for US$1 billion in investment and a stock market listing, the Financial Times https://www.ft.com/content/46561422-9edd-4b3b-959c-85754a381d9d reported on Monday.

Markets

Truckmaker Volvo hit by semi-conductor shortage, sees negative impact on earnings and cash flow

Swedish truckmaker Volvo said on Monday that a shortage of semiconductors would have a substantial impact on production in the second quarter.

Markets

Wall Street closes up on tech rebound; Tesla gains

U.S. stocks rose on Monday as technology stocks rebounded from a recent pullback that was sparked by a surge in bond yields, while Tesla jumped as a fund run by an influential investor said the electric-car maker's shares could hit US$3,000 in three years.

Markets

Exclusive: Low tips, long waits: DoorDash takes on drivers’ Walmart gripes

Third-party delivery firm DoorDash Inc is taking steps to address what it says are frustrations from independent drivers toting Walmart Inc merchandise and grocery orders, including low customer tips, the company confirmed to Reuters.

Markets

Vaccine makers should license technology to overcome ‘grotesque’ inequity – WHO

More producers of COVID-19 vaccines should follow the example of AstraZeneca and license their technology to other manufacturers, the head of the World Health Organization (WHO) said on Monday, as he described vaccine inequity as "grotesque".

Markets

Microsoft to allow more employees at its headquarters from March 29

Microsoft Corp said on Monday it would start allowing more employees to work from its headquarters in Redmond, Washington and nearby campuses from March 29.

Markets

Twitter boss Jack Dorsey’s first tweet sold for US$2.9 million as an NFT

Twitter boss Jack Dorsey sold his first tweet as an NFT for just over US$2.9 million dollars on Monday.

Markets

Brazil business leaders, economists blast Bolsonaro’s COVID-19 response

Hundreds of Brazilian business leaders and economists blasted President Jair Bolsonaro's handling of the coronavirus crisis on Monday and called for a new policy approach as the country enters a critical phase of its COVID-19 outbreak.

Markets

Ex-Blackrock exec starts row over value of sustainable investing

A high-profile newspaper op-ed by a former BlackRock Inc executive questioned the value of sustainable investing in solving problems, prompting other industry analysts to defend the role of funds that push for change in environmental, social and governance (ESG) corporate policies.

Markets

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