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Netflix banks on vast production line to weather COVID-19 pandemic

While coronavirus has brought Hollywood to a halt, Netflix has enjoyed record success. But will the streaming giant's well-stocked slate of future shows be enough to maintain that growth?

Markets

Sick, stranded and broke: COVID-19 crisis hits Gulf’s migrant workers

When all nine men in his dormitory caught coronavirus, 27-year-old Nurudhin was bused to a remote quarantine camp -- becoming one of many migrant workers Gulf states are struggling to accomodate adequately.

Markets

Oil prices extend rebound on output cuts, still set to end tumultuous week in the red

Oil prices rose on Friday, gaining further ground as some producers like Kuwait said they would move to cut output swiftly to try to counter the evaporation in global demand for fuels caused by the coronavirus pandemic.

Markets

Virgin Australia owes US$4.4 billion to creditors based on initial review: administrator

Virgin Australia Holdings Ltd owes AUS$6.9 billion (US$4.39 billion) to more than 10,000 creditors based on an initial review, according to an affidavit from one of the company's administrators.

Markets

L Brands files complaint against Sycamore for backing out of Victoria’s Secret deal

L Brands Inc filed a legal complaint against Sycamore Partners on Thursday, after the buyout firm walked away from a US$525 million deal to acquire a majority stake in the company's Victoria's Secret lingerie brand.

Markets

Commentary: The strange, lovely sight of clear skies in India amid COVID-19 gloom

Economic downturn versus ecological degradation? It’s an unenviable choice between two equally unpalatable extremes for India’s leaders, says an observer.

Markets

Commentary: What if a COVID-19 vaccine doesn’t emerge?

There's no guarantee a coronavirus vaccine will arrive, so we need research to understand the best ways to use facemasks, hand hygiene, and other interventions to control the spread of the disease

Markets

US’s Mnuchin considers lending program for struggling oil companies: Bloomberg News

Treasury Secretary Steven Mnuchin said he is considering a government lending program for U.S. oil companies looking for federal aid as they cope with a devastating plunge in prices, Bloomberg News reported on Thursday.

Markets

United Airlines mandates masks for flight attendants, unions want passengers included

CHICAGO: All United Airlines flight attendants must wear a face covering or mask while on duty starting Apr 24, the airline said on Thursday, in the first such rule by a major US carrier. The Association of Flight Attendants (AFA), whose members work for United Airlines Holdings Inc and...

Markets

Asian stocks poised to rise after Wall Street gains slip away

Asia equities face a bumpy session on Friday after Wall Street pared early gains as optimism over a rebound in oil prices and prospects for further government stimulus were offset by stark economic data showing the toll of the coronavirus pandemic.

Markets

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