Brazil Has Deadliest Day; NYC Keeps Reopening Plan: Virus Update

New York Governor Andrew Cuomo warned that mass protests against police violence could accelerate the spread of coronavirus and undo weeks of social-distancing efforts. Even with the unrest, New York City still plans to begin reopening Monday. Tokyo issued an alert to residents urging additional caution after a spike in new cases, while Hong Kong extended prevention measures. Brazil reported […]

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Fashion Jumps on Black Lives Matter Bandwagon After Lootings

High-end brands such as Versace, Saint Laurent and Gucci have posted messages pledging solidarity with the Black Lives Matter movement after a number of luxury boutiques suffered looting in recent days in top locations such as California’s Rodeo Drive and New York’s SoHo. Gucci reposted a poem by writer Cleo Wade on Twitter and Instagram about how to end racism […]

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Warner Music to float in US in first big-name launch since pandemic

The first big-name flotations since the coronavirus pandemic hit the world’s financial markets are due in New York later this week as Warner Music and the data firm ZoomInfo Technologies, with a combined value of $20bn (nearly £16bn), get set to list their shares. Warner Music, the world’s third-biggest record company, home to artists including Ed Sheeran, Bruno Mars and […]

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KKR Spends Big and Fast to Avoid Mistakes of 2008 Crisis

When Covid-19 hit the world economy, KKR & Co.’s management jumped on calls and quickly agreed they’d seen this movie before. The plot contained a massive market dislocation, financing shutdown and uncertain future for company earnings. That was during the great financial crisis, which KKR could have played better, according to Johannes Huth, its top dealmaker in Europe. “There’s a […]

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European Shares Set To Open On Positive Note

European stocks are likely to open higher on Tuesday as more countries around the world took steps toward re-opening and American biotech firm Novamax said it has started the first human study of its experimental coronavirus vaccine. Asian markets moved higher amid optimism about lockdowns in the United States and elsewhere coming to an end. As the pandemic death toll […]

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Fresh Trouble as New York Imposes Curfew Amid Floyd Protests

In this article New York (AP) — New York City imposed an 11 p.m. curfew Monday as the nation’s biggest city tried to prevent another night of destruction amid protests over George Floyd’s death. With an 11 p.m. to 5 a.m. curfew, New York joined other cities around the country in imposing such measures after days of unrest. The limit […]

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Biggest challenge India faces as it unlocks economy

Niti Aayog Vice-Chairman Arvind Panagariya said that India is facing a health crisis that has led to a sudden stop of the economy. The ‘number one’ challenge before the government, once it unlocks the economy amid the COVID-19 crisis, will be to put the financial sector back on its feet, former Niti Aayog Vice-Chairman Arvind Panagariya said on Monday. In an interview to PTI, Panagariya further said that India is facing a health crisis […]

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COVID-19 Deaths On The Fall In US For Fourth Day

From a recent peak of 1379 recorded on May 27, the daily coronavirus death rate in the United States continued to show a downward trend. With 605 new deaths reporting in the last 24 hours, the total number of COVID-19 deaths in the country rose to 104683 as of John Hopkins University’s 11:00 a.m. ET update Monday. However, there is […]

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Brexit: UK’s smallest firms divert £10bn in exports away from EU

Britain’s smallest companies are “jumping before they are pushed” by diverting £10bn in exports away from the EU as concerns mount over a possible collapse in Brexit trade talks, according to a report. The research from academics at Aston University, which comes before the latest round of Brexit negotiations this week, showed small British firms were ramping up sales to […]

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