Markets
Zoom acquires Keybase to get end-to-end encryption expertise
Keybase , which has been building encryption products for several years including secure file sharing and collaboration tools, should give Zoom some security credibility as it goes through pandemic demand growing pains . "We believe this will provide equivalent or better security than existing consumer end-to-end encrypted messaging platforms, but with the video quality and scale that has mad... [Full Article...]
Willie Walsh resets IAG retirement date for September
British Airways-owner IAG stated that chief Willie Walsh would stay on until September to guide it through the coronavirus disaster and that it was planning for flights to return to service, not before July. Most of the loss made in the quarter occurred in the last two weeks of March. That puts the company in a "very strong liquidity position" and means it should be able to "outlast many peers" ... [Full Article...]
Coronavirus: Google announces May 22 as company holiday to tackle WFH burnout
Any return to offices was expected to be incremental and staggered, according to the company. In a company-wide meeting Thursday, Google CEO Sundar Pichai said employees who needed to work in the office would be allowed to return in June or July with enhanced safety measures in place. [Full Article...]
Vista Equity Partners to invest Rs 11,367 crore in Jio platforms
The planned announcement, which would give USA -headquartered software-focused buyout firm Vista Equity Partners a 2.32% stake in Reliance Jio Platforms, values India's top telecom operator at $65 billion ( equity valuation ) - the same valuation implied by the Silver Lake investment and a 12.5% premium over Facebook's deal , the Indian firm said. [Full Article...]
Pence Aide Tests Positive for CCP Virus
This confirmed multiple United States media reports that Katie Miller was the person in question. The person who tested positive wasn't on the plane. Few of Trump's staff are ever seen wearing masks. The president, who at 73 is well within the higher-risk group for COVID-19, met eight American veterans ranging in age from 96 to 100. [Full Article...]
China: Near-term trade outlook looks fragile - UOB
A forecast of analysts by Bloomberg had predicted an 11 percent dive in exports and a 10 percent plunge in imports. Imports fell 14.2% year-on-year, a steeper drop than last month, according to the Customs Administration. The threat of additional United States tariffs on Chinese goods shouldn't be ignored, given the likelihood that the phase one trade deal soon falls apart - imports from the U... [Full Article...]
More than a thousand workers infected with coronavirus at Tyson meat plant
The discrepancy in the numbers was because state figures comprised of only those who had been tested on-site, while the higher number includes workers who may have not had any symptoms and who had been tested through other healthcare providers. [Full Article...]
U.S. stocks open higher after record job losses
The S&P/TSX composite index was up 104.80 points at 14,938.49 after Canada and the USA reported record job losses in April due to the COVID-19 pandemic. The Nasdaq Composite Index advanced 125.27 points, or 1.41 per cent, to 8,979.66, Xninhua news agency reported. The S&P 500 increased 32.77 points, or 1.15 per cent, to 2,881.19. [Full Article...]