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Markets

Canada spy agency warned of ‘shock waves’ from arrest of Huawei founder’s daughter

Canada's intelligence agency warned that arresting the daughter of billionaire Huawei founder Ren Zheng would set off global "shock waves" and seriously affect ties with China, just before her detention in Vancouver on a U.S. extradition request, new court documents show.

Markets

US eases criminal record provision in coronavirus business loan program

Federal authorities administering business payroll loans as part of U.S. coronavirus relief efforts on Friday eased rules prohibiting lending to business owners with criminal records, allowing some with no convictions in the past year to access funds.

Markets

Lawmakers label British Airways ‘national disgrace’ over jobs

British Airways was labelled a "national disgrace" by lawmakers for its treatment of employees on Saturday, adding to pressure on the airline as it juggles job cuts and new quarantine rules.

Markets

Airbnb partners with Brazil coronavirus hotspot Sao Paulo on post-pandemic tourism

Home rental firm Airbnb struck a partnership with Brazil's Sao Paulo state to encourage tourism once the novel coronavirus crisis has passed, a company executive said on Friday (Jun 12).

Markets

Facebook fires employee who protested its inaction on Trump tweets

A Facebook Inc employee who criticized Chief Executive Mark Zuckerberg's decision not to take action against inflammatory posts by U.S. President Donald Trump this month said on Friday that the social media company had fired him.

Markets

US stocks end volatile session higher but down for the week

Wall Street stocks finished higher on Friday (Jun 12) following a topsy-turvy session as investors weighed rising coronavirus cases in some states and concerns about excessive equity valuations.

Markets

Two Coastal Oil ex-senior staff charged with cheating banks; reported losses amount to US$133m

TWO former employees of crude oil products supplier Coastal Oil Singapore were charged in court on Friday for allegedly cheating eight banks in Singapore and Hong Kong. The Business Times (BT) understands that the reported losses among the banks amount to US$133.3 million.

Markets

Zoom hits political turbulence in Washington, Beijing; lobbyists ready

Zoom Video Communications , whose remote meeting app made the obscure California company a hub for global communications during the coronavirus pandemic, now finds itself fighting political battles in Washington and Beijing.

Markets

California examines Amazon’s business practices: WSJ

California investigators are examining Amazon.com Inc's business practices as part of an inquiry into the company, the Wall Street Journal reported on Friday, citing people familiar with the matter.

Markets

Canada to mandate temperature checks for airline passengers, Trudeau says

Canada will make it a requirement to take airline passengers' temperatures before they fly and anyone with a fever will not be allowed to travel, Prime Minister Justin Trudeau said on Friday.

Markets

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