Markets
Oil Advances Toward $43 After OPEC+ Extends Production Cuts
Brent crude oil, the global standard, was higher by 1.23 percent at $42.82 per barrel. Both hit their highest since March 6 earlier in the session, at $43.41 and $40.44, respectively. "Deeper voluntary cuts by gulf OPEC have served their goal", bin Salman added and caused crude oil to turn south. Meanwhile, Libya's biggest oilfield is gradually resuming production after a five-month shutdown d... [Full Article...]
Reliance Jio-ADIA deal: 5 things you need to know
This investment pegs Jio Platforms' equity value at Rs 4.91 lakh crore and enterprise value at Rs 5.16 lakh crore and with this latest tranche, Reliance Industries stands to get Rs 97885.65 crore from eight deals in exchange for a 21.06 % stake. [Full Article...]
Trump Campaign Tribute Video Got Removed From Facebook And Twitter
But his declaration that an unexpected dip in the unemployment rate marked probably "the greatest comeback in American history" was a remarkable level of hyperbole even for him. various states of the country, for a week when the nation clamored for a conversation about healing racial divisions. Polls show him losing to Democratic challenger Joe Biden. [Full Article...]
Slack joins forces with Amazon in bid to challenge Microsoft Teams
And there's a new Amazon AppFlow integration for Slack that will enable users to securely transfer files and other data between Slack and AWS services such as Amazon S3. "Overall, the arrangement should be positive for both Slack and AWS". CNBC reports that Slack will be paying AWS at least $425 million over a five-year period (ending April 2025), up from the company's previous commitm... [Full Article...]
Elon Musk tweets that it's 'time to break up Amazon'
The author of the book, Alex Berenson, caught Mr Musk's attention by tweeting a screenshot from Amazon, which told him that his book about the pandemic did not meet its guidelines. "I don't think this was a mistake, but I don't know". Berenson's book is titled, "Unreported Truths about COVID-19 and Lockdowns: Part 1: Introduction and Death Counts and Estimates". [Full Article...]
British Airways threatens legal action over quarantine plans
Passengers arriving into the United Kingdom will be asked to give a contact phone number and details of where they will be quarantining but are then free to travel there however they wish, including on public transport. BA snubbed a meeting on Thursday night between ministers and other aviation leaders. BA had previously said it would resume flights in July but said it would review those plans w... [Full Article...]
Luxury vehicle brand Bentley to let go of 1,000 workers
This week, the company announced that it has now sold more than 20,000 units of the Bentayga, which is assembled at the Bentley plant in Crewe, in the United Kingdom. Bentley's Beyond100 strategy will focus on making the brand a leader in luxury mobility for the next 100 years, together with an increased focus towards electrification with every model . [Full Article...]
Casinos reopening in Nevada
Now, with the safety measures being relaxed , both gambling operators and local authorities are hoping that safety measures such as a limited number of players per table; touchless cellphone check-ins; regular disinfection and personal protection measures; customers' temperature checks at some resorts' entrances will help the venues bring tourists back. [Full Article...]