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.
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.
The US economy faces a bleak immediate future with gross domestic product likely contracting 12 per cent in the second quarter and the federal deficit growing to US$3.7 trillion, according to projections released by the Congressional Budget Office on Friday.
German airline Lufthansa is seeking a loan of 290 million euros (US$313.08 million) loan from the Belgian government to avoid the bankruptcy of its Belgian subsidiary Brussels Airlines, Belgian broadcaster LN24 said on Friday.
Facebook Inc introduced a videoconferencing tool and expanded livestreaming features on Friday, capitalizing 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.
The French government will give a 7 billion euros (US$7.6 billion) aid package for Air France KLM and is working on an aid deal of some 5 billion euros for carmaker Renault , French Finance Minister Bruno Le Maire told TF1 on Friday.
The New York Stock Exchange plans to reopen its iconic trading floor, which is shuttered due to coronavirus concerns, as soon as possible, but it has not yet set a date to do so, the NYSE and people familiar with the matter said on Friday.
The French government is planning aid packages for Air France KLM and Renault , TV station TF1 reported on Friday.
Spain's High Court ordered Ryanair on Friday to reinstate 224 workers collectively dismissed from four bases in the country, saying the reasons given by the airline for seeking to close the bases did not justify such a move.
A key U.S. government trial of Gilead Sciences Inc's experimental coronavirus treatment may yield results as early as mid-May, according to the study's lead investigator, after doctors clamored to enroll their patients in the study.
