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Amazon staffer in Seattle tests positive for virus

Bloomberg Amazon.com Inc notified employees of the first confirmed case of coronavirus among its US workforce. The online retailer told workers about the infected employee via email. The employee left work February 25 due to an illness and the company said it was informed that the person had contracted Covid-19. All co-workers in contact with the employee, who were at ...

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Facebook weighs Libra revamp

Bloomberg Facebook Inc and its partners are considering redesigning the Libra cryptocurrency project so that the network accepts multiple coins, including those issued by central banks, in an effort to woo reluctant global regulators and rebuild momentum for the plan. When Facebook unveiled Libra, it said it intended to create a single global digital currency. Anyone, especially the 1.7 billion ...

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Google pulls down political ads as candidates push limits

Bloomberg Google has rejected dozens of ads from Donald Trump’s presidential campaign for violating its ad policies in the week leading up to Super Tuesday, as well as a Bernie Sanders ad and two from a political action committee supporting Joe Biden, according to data released by the company. A spokeswoman for Alphabet Inc’s Google declined to comment on its ...

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Covid-19 will test if planet can unite amid global crisis

Doctors have been preparing for 15 years for “the big one,” a pandemic that will rock the global public health system like an earthquake. Now, with the rapid spread of coronavirus, it may be happening. This viral outbreak probably won’t look like anything that most of us have seen. Some schools may be closed; sports schedules will be modified; travel ...

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Is Nokia to be smashed into pieces?

In Finland’s epic national poem, the Kalevala, a hero is tasked with retrieving the mythical sampo, a mill capable of producing salt, meal and gold that is a talisman of happiness and prosperity. It’s a task that now befalls Pekka Lundmark, the executive appointed as chief of Nokia Oyj with a mandate to return the troubled Finnish network-equipment maker to ...

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Fed succumbs to rising pressure from markets

The Federal Reserve finally succumbed to rising pressure from financial markets that have been roiled by the widening coronavirus crisis with its pledge to “act as appropriate to sustain the expansion.” Despite repeated denials that it was too early to consider a policy shift, the Fed eventually recognised that they couldn’t let markets slide day after day without a firm ...

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Shopping malls face their coronavirus reckoning

The biggest coronavirus risk to retailers on both sides of the Atlantic may turn out to be empty stores, rather than empty shelves. As the outbreak has spread from Asia to Europe and the US, concern has shifted from the impact on supply chains because of closed Chinese factories to the potential of the deadly disease to put a sudden ...

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Hong Kong is shifting aim from the virus to property

If the quantum of public spending alone decided the seriousness with which small, open Asian economies are fighting the coronavirus, then Hong Kong’s HK$120 billion ($15.4 billion) package ought to be three times punchier than rival Singapore’s. When it comes to the quality of expenditure and the financing, though, Hong Kong’s plan seems to be less about protecting lives and ...

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Italy is showing how to tackle Covid-19 impact

The Italian government has announced a 3.6-billion euro ($4 billion) stimulus package to help the economy cope with the coronavirus outbreak. The response appears timely and proportionate. Rome can always add to the stimulus later — provided the financial markets allow it. Roberto Gualtieri, minister of finance, said in an interview that he was looking at a three-step plan to ...

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Elliott should think beyond Dorsey ouster

Twitter Inc. deserves a full-time CEO. That’s the message from activist investor Elliott Management Corp., which has taken a stake of around 5% and has nominated members to the social-media company’s board as part of a campaign to oust incumbent Jack Dorsey. In addition to running Twitter — which he co-founded — Dorsey is also CEO of online payments processor ...

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