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Speculation on YRC’s survival ramps up

Automotive
YRC double on roadStifel’s David Ross announces that he is suspending his rating and estimates on YRC Worldwide and questions the company’s ability to survive.

Libra pivots to hosting fiat digital currencies

Fintech
The Libra concept unveiled in June 2019 is a lot different to the current thinking – so much so that developers working on...

Interview: Abid Mumtaz, TransferWise for Banks, Global Head

Fintech
Abid, fantastic to speak with you. Are you able to explain a little bit more about your role and what TransferWise for Banks...

YRC management avoids questions following earnings beat

Automotive
YRC double on highwayYRC beats expectations with the benefit of outsized gains on sales. Noting volumes were down 24% in April, management says it likely won’t satisfy debt covenants into 2021 and it opts out of questions on its call.

To work or not to work? UK lockdown unwind mired by confusion

Reuters
LONDON (Reuters) - British Prime Minister Boris Johnson will on Monday give details of how to get the economy back to work, after...

White House considers more coronavirus aid as jobs picture worsens

Reuters
WASHINGTON (Reuters) - The White House has begun informal talks with Republicans and Democrats in Congress about what to include in another round...

Fintech: Bahrain’s Banking Industry Remains Focused on Adopting Innovative Financial Technologies, According to Local Investment Professional

Crowdfunding
David Parker, co-chief investment officer at the Bahrain Economic Development Board (an organization responsible for attracting inward investment into the Kingdom for key...

Factbox: Reaction to UK PM Johnson statement on gradually easing coronavirus lockdown

Reuters
LONDON (Reuters) - British Prime Minister Boris Johnson said on Sunday the coronavirus lockdown will not end yet, urging people to “stay alert”...

Britain won’t quarantine travellers from France at this stage

Reuters
PARIS (Reuters) - Britain won’t impose quarantine to travellers coming from France at this stage, France and Britain said on Sunday, with the...

White House considers more coronavirus stimulus, with conditions: officials

Reuters
WASHINGTON (Reuters) - The White House has started informal talks with Republicans and Democrats in Congress about next steps on coronavirus relief legislation,...

White House economic advisers expect ‘very difficult’ unemployment numbers in May after devastating job losses in April

Business Insider
White House economic advisers said Sunday they are expecting "difficult" unemployment numbers in May."The numbers for May are going to be also very...

Official says working in White House can be risky during pandemic

CNN
"I knew when I was going back in that I would be taking risks, that I would be safer sitting at home in...
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