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Markets

Unions denounce Las Vegas mayor’s call to re-open casinos

The powerful United Auto Workers union on Friday criticized Las Vegas Mayor Carolyn Goodman's call to re-open casinos despite the continued risk of coronavirus, the latest labor organization to weigh in on her remarks.

Markets

Mortgage customers up in arms over CIMB’s floor rate hike

CIMB Singapore has raised the ire of customers with its move to raise the floor of certain mortgages pegged to the one-month Singapore interbank offered rate (Sibor) - with that floor rate now higher than the prevailing market rate.

Markets

Air France-KLM wins aid deal, flags likely share issue

Air France-KLM secured €7 billion (US$7.6 billion) in French government aid on Friday (Apr 24), as the airline industry struggles to survive the coronavirus crisis that has all but halted passenger traffic across much of the world.

Markets

Facebook enters the video conferencing fray with Messenger Rooms

Facebook Inc introduced a video conferencing tool and expanded livestreaming features on Friday (Ar 24), capitalising on a surge in demand for video chats during the coronavirus pandemic while taking its first steps toward a planned integration of messaging products across its apps.

Markets

Trump threatens to block aid for US post office if it does not raise prices for Amazon

President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on packages during the coronavirus outbreak.

Markets

Congressional estimators see major US economic decline in mid-2020 as coronavirus stifles activity

The US economy faces a bleak immediate future with gross domestic product likely contracting 12 per cent in the second quarter and the federal deficit growing to US$3.7 trillion, according to projections released by the Congressional Budget Office on Friday.

Markets

Lufthansa seeking US$313 million loan for Belgian airline: Media

German airline Lufthansa is seeking a loan of 290 million euros (US$313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airlines, Belgian broadcaster LN24 said on Friday.

Markets

Facebook enters the videoconferencing fray with Messenger Rooms

Facebook Inc introduced a videoconferencing tool and expanded livestreaming features on Friday, capitalizing on a surge in demand for video chats during the coronavirus pandemic while taking its first steps toward a planned integration of messaging products across its apps.

Markets

Air France wins 7 billion euro state-backed loan package

The French government will give a 7 billion euros (US$7.6 billion) aid package for Air France KLM and is working on an aid deal of some 5 billion euros for carmaker Renault , French Finance Minister Bruno Le Maire told TF1 on Friday.

Markets

NYSE eyes reopening trading floor, but timeline still unclear

The New York Stock Exchange plans to reopen its iconic trading floor, which is shuttered due to coronavirus concerns, as soon as possible, but it has not yet set a date to do so, the NYSE and people familiar with the matter said on Friday.

Markets

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