More than 600,000 lose work in UK as COVID hits jobs market

16.06.2020, 02:03

LONDON - The number of people on British company payrolls fell by more than 600,000 in April and May as the coronavirus lockdown hit the labour market, and vacancies plunged by the most on record, official data showed on Tuesday.

Exclusive: Tencent aims to become biggest shareholder of video streaming rival iQIYI - sources

16.06.2020, 01:59

BEIJING/HONG KONG - Tencent Holdings Ltd (HK:0700) aims to become the biggest shareholder in video streaming rival iQIYI Inc (O:iQ), said two people familiar with the matter, to lower costs and counter competition in a sector boosted by stay-at-home virus policies.

Facebook, Twitter, Google to report monthly on fake news fight, EU says

10.06.2020, 10:27

BRUSSELS - Facebook (NASDAQ:FB), Google (NASDAQ:GOOGL) and Twitter should provide monthly reports on their fight against disinformation, two senior EU officials said on Wednesday as they called out Russia and China for their roles in the spread of fake news.

Indians pawn gold for loans as borrowing from banks becomes tougher

10.06.2020, 10:00

MUMBAI - Umesh Patil, a farmer in western India, pawned 40 grams of gold jewellery to raise 130,000 rupees ($1,723.11) to buy supplies needed to plant his next crop.

Israel's El Al airline may be heading back into state hands

10.06.2020, 09:45

TEL AVIV - The coronavirus crisis may be pushing El Al Israel Airlines (TA:ELAL) back into the hands of the state, less than two decades after the flag carrier was privatised.