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Hong Kong unveils cash handouts as coronavirus deepens economic woes

Hong Kong announced a slew of cash subsidies on Friday to help businesses that have been battered by the coronavirus outbreak in a city already reeling from a recession.

Markets

US looking for industry partnership to counter Huawei – White House official

The United States is looking to develop a partnership with the telecoms industry to provide alternatives to China's Huawei Technologies, a senior White House official said on Friday.

Markets

Total considers stopping fuel oil sales for power: CEO

France's Total is considering stopping sales of fuel oil to power markets as the energy giant seeks to reduce its carbon footprint and grow its renewable power business, its chief executive told Reuters.

Markets

Google criticises EU over ‘eye-catching’ US$2.6 billion antitrust fine

Google on Friday called on Europe's second-top court to throw out what it called an eye-catching 2.4 billion euros (US$2.6 billion) EU antitrust fine, saying there was no factual or legal basis to the inflated amount.

Markets

Zuckerberg ready for Facebook to pay more tax as welcomes rules review

Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean the social networking giant may have to pay more taxes outside of the United States, Politico reported, citing excerpts of a speech he is due to give on Saturday.

Markets

Europe wants G20 to make taxing digital giants top priority this year

Europe wants the world's financial leaders to make it their top priority this year to reach a deal on global rules for taxing digital giants like Google , Amazon and Facebook , a document showed.

Markets

Delta to invest US$1 billion to curb global air travel’s climate impact

Delta Air Lines Inc said on Friday it will invest US$1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale.

Markets

Volkswagen diesel settlement talks with German consumer groups fail

Volkswagen said talks with consumer groups who were seeking compensation over excessive pollution, caused by VW's diesel cars, had failed.

Markets

‘Terrible’ WeWork bet caused us headaches: T. Rowe Price

Asset management firm T. Rowe Price Group Inc has called its investment in WeWork a "debacle" that caused the firm "outsized headaches and disappointments" and left it holding shares worth just a fraction of their original value.

Markets

Banks’ relief measures for Covid-19 “in line” with corporate debt restructuring guidelines: MAS

THE Monetary Authority of Singapore on Friday said the relief support announced by banks thus far to support customers affected by the ongoing 2019 novel coronavirus (Covid-19) outbreak, are in line with guidelines on corporate debt restructuring by the Association of Banks in Singapore.

Markets

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