WHO Sees Europe Stabilizing; Deaths Top 37,000: Virus Update

Europe is expected to start stabilizing soon, the World Health Organization said, as Italy saw the slowest rate of new cases in almost two weeks. New York also said new infections are slowing, even as it reported a 26% increase in deaths. President Donald Trump said a national stay-at-home order is “pretty unlikely,” and said the U.S. might expand the […]

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How COVID-19 has impacted private equity firms

Investors say they see large companies going through the grind, as their promoters struggle with liquidity because they are levered up at the holding company level and are starting to get margin calls thanks to the crashes in the stock market, and in the next six months, the targets that will come up for PE companies will make for a […]

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Amgen Stock Looks to Break Out After Analyst Upgrade

Amgen Inc. (AMGN) shares rose more than 3% during Monday's session after Raymond James upgraded the stock to Outperform with a $255 price target and amid a wider rally across the stock market. Analyst Dane Leone believes that disruptions for Amgen due to the COVID-19 pandemic will be limited relative to its peers and cited the company's already conservative guidance […]

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Video Shows Amazon Workers Packed Into Cafeteria Less Than 2 Weeks Ago

Less than two weeks ago, workers at an Amazon warehouse in New York City were packed together in the company’s cafeteria as the coronavirus epidemic intensified, videos obtained by HuffPost reveal. One video, taken on March 18, shows workers sitting together at tables crowded in close, even though the company had sent a text to employees two days before stating […]

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Saudis gambling on game of oil-price chicken

The demand for oil is falling. The supply of oil is increasing. The result – as even those with only the scantiest understanding of economics knows – is that the price of oil must be falling. And some. The cost of Brent crude – one of the market benchmarks – fell to below $23 a barrel in early trading, the […]

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Beam me up, Scotty! Indian tech firm helped in Wuhan’s Covid-19 fight

Thanks to technological support provided by BlinkIN, a Bengaluru-based intelligent visual-assistance company, engineers in Wuhan were able to remotely install air ventilation systems in two hospitals in Wuhan, the epicentre of the coronavirus pandemic, reports Peerzada Abrar. Soon after the coronavirus (Covid-19) outbreak in the Chinese city of Wuhan in December 2019, the authorities were able to quickly set up new […]

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F1 Team, University Make New U.K. Breathing Aid in Virus Fight

In this article We’re tracking the latest on the coronavirus outbreak and the global response. Sign up here for our daily newsletter on what you need to know. Engineers from a Mercedes Formula 1 team and University College London have helped to develop a new breathing aid for coronavirus patients. Put together by a group from Mercedes-AMG HPP, University College […]

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Lockdown set to kill off thousands of pubs, restaurants and shops

The coronavirus pandemic is expected to lead to the demise of thousands of restaurants, pubs, shopping chains and other high street businesses, despite the government offering unprecedented financial support and changing insolvency rules to give companies more time to pay debts. The nationwide lockdown has already forced the permanent closure of almost all branches of the restaurant chains Carluccio’s and […]

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Spanish Hotels Become Medical Bunkhouses in Tourism Meltdown

Sign up here for our daily coronavirus newsletter on what you need to know, and subscribe to our Covid-19 podcast for the latest news and analysis. Before the coronavirus pandemic besieged Europe, Kike Sarasola worried about whether he was building enough hotels to capitalize on the region’s long-running tourism boom. Such concerns have disappeared, along with the tourists. The only […]

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