How cosmetic brands use virtual makeovers to sell real makeup

London (CNN Business)Demand for beauty products appears to be holding up even though hundreds of millions of consumers are not leaving their homes in order to combat the coronavirus pandemic. L’Oreal (LRLCF), the world’s largest cosmetics company, said Thursday that first quarter sales in China increased 6.4% on the same period last year, despite the country’s coronavirus shutdown, which caused […]

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Deliveroo warning of collapse ‘clears’ hurdle for Amazon stake

UK competition authorities have provisionally cleared Amazon’s investment in Deliveroo after the takeaway delivery firm warned it could collapse because of the coronavirus crisis. The takeaway firm told the Competition and Markets Authority it had suffered a “significant decline in revenues” since the government lockdown to limit the spread of the virus closed many of the restaurants it dealt with. […]

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Coronavirus latest: Netflix and Amazon stocks reach record prices amid lockdown

NETFLIX and Amazon saw record stock prices yesterday as sweeping coronavirus lockdown measures mean that their services are being heavily used. Amazon (NASDAQ:AMZN) saw a record high of $2,449 before trading closed on Thursday at £2,408; up 4.36 percent. While Netflix (NASDAQ:NFLX) reached $449.30 before trading closed at $439.17, up 2.91 percent. The S&P 500 index was also up, albeit […]

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Gilead Gains on Report Claiming Coronavirus Drug Effectiveness

Gilead Sciences Inc. shares climbed in late trading Thursday after a report that a group of patients being treated in Chicago were “seeing rapid recoveries in fever and respiratory symptoms.” The report, from the medical news publication Stat, cited a video made by a researcher at the University of Chicago who is helping conduct a trial of Gilead’s drug remdesivir. […]

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Brussels in crisis: Huge pound sterling surge against euro unravels EU’s Brexit defiance

Pound sterling will continue to surge against the euro as long as the European Union struggles to contain the economic crisis in Italy, according to economist experts. Economists have labelled the British pound sterling as the “winner” following Europe’s coronavirus crisis, which has left the future of the bloc in peril. Standard Bank even forecast that sterling will strengthen to […]

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