Jeffrey Epstein Victims Fund Opens After Months of Wrangling

Women who accused Jeffrey Epstein of sexually assaulting them as teenagers can begin filing claims and collecting compensation from his estate, valued at more than $600 million. The compensation fund has opened after months of back-and-forth between the estate and the U.S. Virgin Islands, where Epstein owned property and took many of the girls he was accused of assaulting. The […]

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Sony Pictures Animation Chief Kristine Belson Sees COVID-19 Helping Stimulate Demand For R-Rated And PG-13 Titles

Kristine Belson, president of Sony Pictures Animation, Features and Series, predicts more animated titles will aim for older audiences as a result from an overall boom in interest caused by COVID-19. Speaking Thursday at the Collision From Home virtual conference, she said animation, which has managed to prosper during the pandemic, will accelerate its current trend toward diversification. “I don’t […]

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SNB Says Expansionary Policy Necessary As It Sees Worst Swiss Economic Contraction Since 1970s

Switzerland’s central bank kept its expansionary monetary policy stance as it expects the economy to contract the most in over five decades and inflation to remain more negative than forecast earlier, this year due to the impact of the coronavirus, or Covid-19, and the lockdown restrictions imposed to slow the pandemic. The Swiss National Bank left the key interest rate […]

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SoftBank CEO Masayoshi Son quits Alibaba board

SoftBank has nearly exited all investing as it fights for survival: Gasparino Sources tell FOX Business’ Charlie Gasparino SoftBank is looking to raise capital and will likely slash dividends. TOKYO — SoftBank Group Corp. Chief Executive Masayoshi Son said he would step down as a director of Chinese e-commerce giant Alibaba Group Holding Ltd., bringing to a close a decade […]

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Healthcare IPOs For June 26

The IPO activity in the U.S. pharma/biotech sector has had a strong showing in the month of June, with 14 listings so far. Now, let’s take a look at the biotech IPOs scheduled for Friday, June 26, 2020. 1. Akouos Inc. Boston, Massachusetts-based Akouos is a precision genetic medicine company developing adeno-associated virus, or AAV delivered gene therapies for various […]

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Qantas to cut 6,000 jobs and keep 15,000 stood down in bid to survive coronavirus downturn

Australia’s flag carrier, Qantas, will sack 6,000 people and continue to stand down half its 30,000-strong workforce as it struggles to cope with the continuing shutdown of the airline sector amid the coronavirus crisis. Alan Joyce, the chief executive who has previously claimed the airline was in a much stronger financial position than its stricken rival, Virgin Australia, said the […]

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Coronavirus Rush for Contactless Payments Risks Worsening Inequality

Contactless payments have become more popular during the coronavirus pandemic, with wide-ranging implications for low-income households who chiefly use cash, according to the Bank for International Settlements. While the rise of digital payment systems meant buying groceries and other activities could continue online during the lockdown, “due to unequal access, low-income and vulnerable groups face difficulties in paying or receiving […]

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See how Europe's largest airline is operating during pandemic

London (CNN Business)Lufthansa appears set to receive a $10 billion bailout from the German government after the global airline’s biggest single shareholder dropped his opposition to the rescue package. Billionaire businessman Heinz Hermann Thiele had been threatening to block the deal, which was agreed with the government late last month, at a virtual meeting on Thursday. But with just hours […]

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Bayer Agrees to $10.9 Billion Plan to Settle U.S. Roundup Claims

Bayer AG agreed to pay as much as $10.9 billion to settle U.S. claims that the company’s Roundup weedkiller caused cancer, and reached deals to resolve lawsuits over another herbicide, dicamba, and spills of toxic chemicals that polluted rivers. The deals are the biggest step so far in resolving litigation the German chemical giant inherited with the 2018 acquisition of […]

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