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Hertz in talks with creditors to avoid debt default, faces May 4 deadline

Hertz Global Holdings Inc said on Wednesday it was in talks with its lenders to avoid defaulting on debt related to its rental vehicle fleet, after skipping a payment that was due April 27.

Markets

Volkswagen indefinitely delays restarting US production

Volkswagen AG said Wednesday it is indefinitely delaying the resumption of production at its Tennessee assembly plant that had been set to restart on May 3.

Markets

Apple, Google to release early versions of contact tracing tool to developers

Apple Inc and Alphabet Inc's Google would release two early versions this week of their proposed technology to slow coronavirus spread to select developers for testing purposes, the companies said on Wednesday.

Markets

Wall Street uniform to get a new accessory – the face mask

Face masks, temperature checks and packaged sandwiches could all become part of the daily routine for bankers as their employers work out how to get them safely back into the office.

Markets

Twitter opens up data for researchers to study COVID-19 tweets

Twitter Inc will grant researchers and software developers access to a real-time data stream of tens of millions of daily public tweets about COVID-19, which they can use to study the spread of the disease or track misinformation, the company said in a blog post on Wednesday.

Markets

Self-driving vehicles get in on the delivery scene amid COVID-19

SAN FRANCISCO: Self-driving cars, trucks, sidewalk robots and shuttles are rolling out of the labs and parking garages and onto American streets to help deliver groceries, meals, and medical supplies. Although self-driving car companies have paused on-road testing in the U.S., as it is not ...

Markets

Amazon’s foreign websites named in US piracy and counterfeiting report

Several of Amazon.com Inc's foreign websites have been added to the U.S. trade regulator's "Notorious Markets" report on marketplaces known for counterfeiting and piracy concerns.

Markets

Juul plans to cut a third of its workforce: WSJ

Juul Labs Inc is planning to cut around a third of its staff as the e-cigarette maker faces a relentless series of regulatory headaches and falling market share, the Wall Street Journal reported on Wednesday.

Markets

Lyft to cut 982 jobs due to coronavirus outbreak

Lyft Inc said on Wednesday it plans to lay off 982 employees, or 17per cent of the ride-hailing firm's workforce, due to the economic challenges caused by the coronavirus pandemic.

Markets

AirAsia to halt Airbus deliveries and review orders

AirAsia Group, one of Europe's top five corporate export customers, will stop taking deliveries of Airbus jets this year and review its remaining orders as the coronavirus crisis heaps pressure on the Malaysian carrier.

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