International Companies
Tesla employees may lose jobless benefits if they don't return to work
Tesla head of human resources Valerie Workman told workers in an email on Wednesday that furloughed employees who are called back to work but choose not to could lose their unemployment benefits.
Uber's acquisition of Grubhub meets opposition from lawmakers
Uber’s attempt to buy Grubhub in a move to build the largest meal delivery company in the US, came under fire from lawmakers, city officials and antitrust experts on Wednesday.
Electric bikes and scooter start-ups to cash in on lockdown easing
Start-up makers of electric bikes and scooters are seeing very strong demand after the UK government advised the public to avoid public transport.
Netflix shares set to climb past $500 due to pandemic
Online streaming giant Netflix's share price is set to rise past $500 as people are forced are to stay indoors and consume entertainment on account of the coronavirus pandemic.
Boeing boss warns a US airline will "most likely" fold - interview
The chief executive of Boeing has warned that a major US airline will likely go under this year, after the Covid-19 pandemic led to a collapse in passenger numbers.
Elon Musk to reopen California Tesla plant despite lockdown restrictions
Tesla chief Elon Musk announced late on Monday plans to reopen its factory in California in defiance of local health orders to shut down unnecessary business in order to prevent the spread of the coronavirus.
Richard Branson to sell up to $500m-worth of Virgin Galactic shares
Virgin Group founder and billionaire Sir Richard Branson is preparing to sell up to $504. 5m worth of his stake in Virgin Galactic.
Starbucks to reopen all UK stores this week
US cafe chain Starbucks said on Monday it would begin a phased reopening of all its establishments including its drive-thru locations in the United Kingdom as lockdown restrictions begin to ease.
Tesla Model 3 sales in China fall 64% in April
Sales of Tesla’s Model 3 in China fell by more than 64% in April compared with the previous month even as its factory in Shanghai reopened after the coronavirus lockdown.
Japan approves Gilead Sciences's Remdesivir for use in expedited process
Japanese health authorities have approved Gilead Sciences's Remdesivir anti-viral drug as a treatment for Covid-19.
Zoom buys Keybase as it looks to enhance security efforts
Zoom Video Communications has bought secure messaging and file-sharing service Keybase for an undisclosed sum as part of a 90-day plan to enhance its security efforts.
Virgin Media and O2 to join forces in $31bn deal
Broadband provider Virgin Media and mobile phone group O2 are to merge in a $31bn deal, owners Liberty Global and Telefonica announced on Thursday.
Uber to cut 3,700 jobs as revenues decimated by Covid-19 crisis
Uber announced on Wednesday it would cut 14% of its total workforce, amounting to 3,700 layoffs, due to the negative impact of the coronavirus on its revenues.
Fiat Chrysler blames Covid-19 as it crashes into the red
Fiat Chrysler Automobiles unveiled a slide into the red on Tuesday, after the Covid-19 pandemic and ensuing upheaval battered first-quarter trading.
WeWork co-founder Adam Neumann sues Softbank for abuse of power
Adam Neumann, co-founder and former CEO of WeWork, has accused Japanese firm Softbank for what he alleged was its abuse of power in relation to the termination of an agreement to buy $3bn-worth of the company's stock.
Intel to acquire mobility startup Moovit for $900m
Intel confirmed on Tuesday that it will acquire Israeli startup Moovit in its latest move to grow its automotive division.
Oil major Total maintains dividend, shares jump
French oil and gas major Total has maintained its dividend, despite the price of crude tumbling to historic lows.
Amazon VP quits in anger over employee sackings
The spotlight on Amazon's treatment of its workers intensified on Tuesday as a senior vice-president quit over the sacking of staff who criticised conditions at retail giant's warehouses during the coronavirus pandemic.
Norwegian Air rescued after shareholders approve huge package
Struggling airline Norwegian Air has won approval for its mammoth NOK 10bn (£770m) rescue package, after bondholders, shareholders and aircraft lessors gave a debt-for-equity deal the nod.
Covid-19 antibody test with 'almost 100% accuracy' could be available in weeks
The coronavirus antibody test that is said to have 99. 8% of accuracy has been approved for use in the US and could be available in the UK within weeks.