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Markets

COVID-19 outbreak: Airbnb booking data from China offers glimpse of a rebound

While the coronavirus pandemic has frozen global travel and hit the travel industry hard, data from home-sharing startup Airbnb Inc shows the number of domestic bookings in China for the first half of April were up more than 200per cent compared with the same period in March.

Markets

Showdown looms between Silicon Valley, US states over contact tracing apps

U.S. states promoting apps that could prove essential to ending the coronavirus lockdown may be headed for a showdown with the two Silicon Valley companies that control key software on 99per cent of smartphones over the collection of sensitive GPS location data.

Markets

Airbnb booking data from China offers glimpse of a rebound

While the coronavirus pandemic has frozen global travel and hit the travel industry hard, data from home-sharing startup Airbnb Inc shows the number of domestic bookings in China for the first half of April were up more than 200per cent compared with the same period in March.

Markets

Volkswagen pushes back possible restart of operations in Mexico

German automaker Volkswagen will extend until at least May 18 a suspension on operations at two production plants in Mexico due to the ongoing coronavirus pandemic, the company said in a statement on Friday.

Markets

New North American trade pact to take effect July 1: USTR

U.S. Trade Representative Robert Lighthizer on Friday said he has notified Congress that the new U.S.-Mexico-Canada trade agreement will take effect on July 1, a month later than initially proposed.

Markets

Unions denounce Las Vegas mayor’s call to re-open casinos

The powerful United Auto Workers union on Friday criticized Las Vegas Mayor Carolyn Goodman's call to re-open casinos despite the continued risk of coronavirus, the latest labor organization to weigh in on her remarks.

Markets

Mortgage customers up in arms over CIMB’s floor rate hike

CIMB Singapore has raised the ire of customers with its move to raise the floor of certain mortgages pegged to the one-month Singapore interbank offered rate (Sibor) - with that floor rate now higher than the prevailing market rate.

Markets

Air France-KLM wins aid deal, flags likely share issue

Air France-KLM secured €7 billion (US$7.6 billion) in French government aid on Friday (Apr 24), as the airline industry struggles to survive the coronavirus crisis that has all but halted passenger traffic across much of the world.

Markets

Facebook enters the video conferencing fray with Messenger Rooms

Facebook Inc introduced a video conferencing tool and expanded livestreaming features on Friday (Ar 24), capitalising on a surge in demand for video chats during the coronavirus pandemic while taking its first steps toward a planned integration of messaging products across its apps.

Markets

Trump threatens to block aid for US post office if it does not raise prices for Amazon

President Donald Trump on Friday threatened to block federal aid for the U.S. Postal Service unless it raises shipping rates for online companies like Amazon.com, prompting criticism that the move would hurt consumers relying more than usual on packages during the coronavirus outbreak.

Markets

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