-
Saudi Arabia has taken a $500 million stake in promoter Live Nation, whose shares have been slammed as the coronavirus has brought this year’s schedule of concerts and sporting events across the country to a virtual standstill. Shares of Live Nation, which had recently fallen nearly 50 percent from all-time highs they reached in February …
-
Tech companies are finding themselves at the center of the falling out between the US and China as the two nations spar over the Communist Party’s handling of the coronavirus pandemic. Quarterly earnings reports are due out this week from Google, Facebook, Apple, Amazon and Microsoft, which will offer a first look at just how …
-
The Australian government’s call for China to explain its bungled handling of the deadly coronavirus pandemic could spark a boycott by Chinese consumers, who may no longer travel and study in Australia or buy major exports including beef and wine. That was the stark warning delivered Monday by Ambassador Cheng Jingye via an interview published in …
-
Adding insult to the severely injured entertainment industry, which has all but disappeared during the coronavirus pandemic, online piracy is back, and bigger than ever. Web traffic to illegal film downloading sites surged by 41% in the US during the last seven days of March, compared to the last week of February, according to London-based …
-
Adidas warned of an even bigger hit to second-quarter sales and profits from coronavirus lockdowns, after the German sportswear firm reported first-quarter earnings were almost wiped out and said it had not yet seen a full rebound in China. Adidas said 60 percent of its business was currently at a standstill, with more than 70 …
-
The Swedish flag is seen at Gamla Stan, the Old City of Stockholm, Sweden, May 7, 2017. (Ints Kalnins/Reuters) Swedish minister of enterprise Ibrahim Baylan on Monday said that Swedish businesses, which have been allowed to remain open amid the pandemic, are struggling with a sharp drop in demand. Baylan told a press conference that …
-
Chase Carey’s remarks come ahead of a video call between the Premier League’s 20 clubs on Friday as other sports look to restart. Formula One is planning to start its 2020 season on 5 July in Austria – despite news of the French Grand Prix becoming the 10th race this year to be postponed or …
-
Quarantines and lockdowns at large U.S. power plants are threatening to squeeze a multibillion-dollar slice of revenue that General Electric Co is counting on to help lift profits. Several major U.S. utilities with fleets of GE generators told Reuters they are halting or deferring maintenance, much of it handled by GE, because the work is …
-
Before entering the cave, the small team of scientists pull on hazmat suits, face masks and thick gloves to cover every inch of their skin. Contact with bat droppings or urine could expose them to some of the world’s deadliest unknown viruses.Equipped with headlights, they set their nets up at the entrance of the dark …
-
Sweden bucked the trend of top-down lockdowns. Sweden may be on to something. Bloomberg reports: Sweden’s unusual approach to fighting the coronavirus pandemic is starting to yield results, according to the country’s top epidemiologist. Anders Tegnell, the architect behind Sweden’s relatively relaxed response to Covid-19, told local media the latest figures on infection rates and …
Saudi Arabia has taken a $500 million stake in promoter Live Nation, whose shares have been slammed as the coronavirus has brought this year’s schedule of concerts and sporting events across the country to a virtual standstill. Shares of Live Nation, which had recently fallen nearly 50 percent from all-time highs they reached in February …
