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Lessons that apply to Covid-19 antibody tests

As with many other things, the Covid-19 pandemic has delayed the blockbuster fraud trial of Elizabeth Holmes, whose start-up Theranos Inc went from darling to dumpster fire in a matter of months after the Wall Street Journal exposed huge flaws in the company’s promise its blood-test kits could detect an array of illnesses from a single “finger-prick” of blood. (Holmes ...

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Oil won’t get lift from ‘transport’ post virus

There’s one hope for oil market bulls facing into the abyss of the 9.3 million barrels-a-day demand slump from the spread of Covid-19: The aftermath will see a renaissance in car-driving. “People will use public transport less” because of fears about picking up infection on crowded trains and buses, Cuneyt Kazokoglu, head of oil demand analysis at energy consultancy FGE, ...

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Indonesia drafts $1b rescue plan to save its flag carrier

Bloomberg Indonesia is finalising a $1 billion financial bailout plan for its flag carrier to help it stave off a debt default after the coronavirus crisis forced the airline to ground most of its planes. The rescue plan includes a proposal to restructure PT Garuda Indonesia’s $500 million sukuk due next month and arrange new bridge loans of as much ...

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