 | | | | WeWork lost $3.2 billion last year according to documents shown to prospective investors by the office-sharing startup in a pitch for $1 billion in investment and a stock market listing, the Financial Times https://www.ft.com/content/46561422-9edd-4b3b-959c-85754a381d9d reported on Monday. | | | | | | Volvo AB on Monday said it was cutting down truck production in Brazil significantly for the rest of the month due to the worldwide shortage of semiconductors and also partly due to the worsening COVID-19 pandemic in the country. | | | | | | Boeing Co said on Monday it had entered into a $5.28 billion, two-year revolving credit agreement, as the U.S. planemaker contends with a prolonged slowdown in commercial air travel fueled by the COVID-19 pandemic. | | | | | | China's Tencent Music Entertainment Group posted a 14.3% rise in quarterly revenue on Monday, as the music streaming platform benefited from adding more paying users and a rebound in ad sales. | | | | | | Wall Street rallied on Monday as technology stocks rebounded from a recent selloff sparked by surging bond yields and Tesla jumped after a fund run by an influential investor in the electric-car maker said its shares could approach $3,000 by 2025. | | | | | | NEW YORK (Reuters) -Oil steadied on Monday as hopes for a pick-up in demand later this year helped arrest last week's broad sell-off, but prices stayed under pressure as new European coronavirus lockdowns made a quick recovery look less likely. | | | | | | Swedish truckmaker Volvo said on Monday that a shortage of semiconductors would have a substantial impact on production in the second quarter. | | | | | | Apollo Global Management Inc co-founder Leon Black has left his executive positions at the private equity firm, a surprise move that caps a series of corporate governance changes triggered by a review of his ties to late financier and convicted sex offender Jeffrey Epstein. | | | | | | NEW YORK (Reuters) -Global equities gained and safe-haven assets such as U.S. Treasuries rallied on Monday as investors weighed rising coronavirus cases in Europe against a break in the recent run-up of bond yields sparked by concerns of higher global inflation. | | | | | | Canadian police were negligent when they failed to preserve the texts and emails of a retired officer who later refused to testify at Huawei Chief Financial Officer Meng Wanzhou's U.S. extradition hearings, Meng's defence argued in court on Monday. | | | | | |
