 | | | | British security officials have told UK telecom operators to ensure they have adequate stockpiles of Huawei equipment due to fears that new U.S. sanctions will disrupt the Chinese firm's ability to maintain critical supplies, according to a letter seen by Reuters. | | | | | | Fears of a second wave of coronavirus infections have increased demand for safe-haven assets, driving the U.S. dollar on Friday to its best weekly gain in a month. | | | | | | Demand for safe havens rose and global equity markets turned south on Friday after Apple Inc said it would temporarily shut 11 U.S. stores as coronavirus cases continue to rise, rekindling fears of a deadly second wave of the pandemic. | | | | | | L'Oreal SA, Unilever and other multinationals that acquired personal-care brands founded by Black people are moving to reassure their core customers, some of whom have pledged in the wake of racial-justice protests to direct their spending toward only Black-owned companies. | | | | | | The U.S. owner of Eskimo Pie ice cream will change the product's brand name and marketing, it told Reuters on Friday, becoming the latest company to rethink racially charged brand imagery amid a broad debate on racial injustice. | | | | | | Wall Street lost ground on Friday, reversing earlier gains as spiking cases of COVID-19 and Apple Inc's announcement of fresh store closures heightened concerns that a new round of lockdowns would be imposed and delay an economic recovery. | | | | | | Risk assets such as stocks and high-yield corporate bonds have climbed over the past two-and-a-half months despite a dire global economic outlook in the wake of the novel coronavirus pandemic. | | | | | | Volkswagen wants to use an open-source approach to refine elements of a software-based car operating system being developed by the carmaker, Christian Senger, its board member responsible for digital services and software, said. | | | | | | Oil prices rose on Friday but pulled back sharply from early highs on concerns that continued spread of the novel coronavirus could stall the United States' economic rebound. | | | | | | The U.S. current account deficit dipped to a near two-year low in the first quarter as the COVID-19 pandemic restricted the flow of goods and services, while companies continued to repatriate profits back home. | | | | | |
