Full List Of Stories
Netflix pledges 2% of cash to support black communities in US
Netflix announced it would pledge 2% of its cash holdings to support black communities in the US.
Amazon brand value reaches $400bn as popularity rises during pandemic
Amazon’s brand worth rose by almost a third in one year to $415. 9bn, maintaining its position as the most valuable brand on the planet.
Facebook ads boycott over hate speech to go global
Facebook is failing to break an advertising boycott over hate speech on its platform with Diageo, Starbucks and Levi’s becoming the latest corporates to pull their ad dollars.
Monday broker round-up
Balfour Beatty: Jefferies downgrades to hold with a target price of 260. 0p.
Boeing jumps as FAA clears 737 Max to resume flight testing
The Federation Aviation Administration cleared the Boeing 737 Max for test flights one year after its grounding.
EU to publish list of Covid-safe nations on Tuesday
The European Union will have a list of Covid-safe countries for travel purposes ready by Tuesday at the latest, Spanish Foreign Minister, Arancha Gonzalez Laya, said on Monday.
UN rights chief asks Israel to stop ‘illegal’ annexation of the West Bank
The United Nations' top human rights official Michelle Bachelet asked Israel on Monday to put a stop to its “illegal” plan to annex part of the Palestinian occupied territory in the West Bank.
Friday broker round-up
Crest Nicholson: Jefferies downgrades to hold with a target price of 226. 0p.
Verizon cuts Facebook ads in growing boycott
Verizon joined companies such as Ben & Jerry’s and Patagonia in a boycott against Facebook and pulled its ads from the social media platform.
Amazon acquires start-up Zoox in $1.2bn deal
Amazon acquired self-driving start-up Zoox in a $1. 2bn deal that marks the ecommerce group’s biggest investment into the autonomous vehicle sector.
Lufthansa warns of threat to €9bn rescue deal
German flag carrier Lufthansa warned its €9bn bailout could be at risk after its largest single shareholder attacked the deal ahead of a crucial investor vote next week.
Trump plans cut to federal support for virus testing sites
The Trump administration announced that the funding for 13 testing sites for Covid-19 will end in June because, it said, it could cause further spread of the disease.
Thursday broker round-up
InterContinental Hotels: Jefferies downgrades to hold with a target price of 4,100. 0p.
China expands coal use to boost economic growth
China is approving plans for new coal power plant capacity at the fastest rate since 2015 in an attempt to boost the economy amid the pandemic crisis.
Qantas plans 6000 job cuts, $1.9bn raising as part of recovery plan
Qantas is planning to cut 6,000 jobs and raise AUD 1. 9bn as part of its three-year recovery plan as it struggles to cope with the ongoing slowdown in air travel demand in the wake of the Covid-19 pandemic.
Washington claims Huawei and Hikvision backed by Chinese military
The Trump administration determined that top Chinese firms, including Huawei Technologies and Hikvision are owned or controlled by the Chinese military forces, reported Reuters on Thursday.
SoftBank raises $14.8bn from T-Mobile share sale
SoftBank raised $14. 8bn through the sale of shares in US-listed T-Mobile as it seeks to raise up to $20bn in cash by disposing of its stake in the wireless telecommunications carrier.
Air pollution in Europe takes off as lockdowns lifted
Air pollution has rebounded in European cities as lockdown measures across the Continent are eased.
Iran ready for talks with US if it apologises for leaving nuclear pact
Iran said it would be ready to talks with the US, if the Trump administration apologises for exiting the 2015 nuclear deal.