Bloomberg Google was ordered by French antitrust regulators to pay publishers to display their articles, ending its long-standing practice of using excerpts on its news service for free. The French antitrust agency gave the Alphabet Inc unit three months to thrash out deals with press publishers and agencies demanding talks on how to remunerate them for displaying their content. The ...

Bloomberg Air France-KLM expects more than 90% of its capacity to remain suspended through the end of May as the coronavirus pandemic paralyses the travel industry worldwide. For the next two months, the airline aims to continue serving only some key city pairs with a “skeleton operation,” according to a statement. Beyond that time frame, the company said, projections are ...

Bloomberg A 75% wage subsidy touted by Canadian Prime Minister Justin Trudeau has caught the interest of the country’s biggest airline, a request that could cost the government as much as C$30.5 million (about $22 million) a week. Air Canada said it will apply for the money to help keep or recall its 36,000 employees based in the country, 16,500 ...

Bloomberg Costco Wholesale Corp’s sales soared in March, but not as much as expected: Curbs the retailer placed on its operations to cope with coronavirus-related demand slowed the pace in the back half of the month. The shares fell in extended trading. The retailer’s comparable US sales excluding fuel — a key metric watched by analysts — rose 12.1%, it ...

Bloomberg South Africa’s property owners will provide relief to retail tenants hardest hit by a nationwide lockdown to curb the spread of Covid-19. The initiative, which focusses on small-, medium- and micro-sized enterprises, will be rolled out by landlords nationally, the Property Industry Group said in a statement published on the website of the South African Real Estate Investment Trusts ...

Bloomberg European stocks pared their gains alongside US equity futures on Thursday as investors mulled estimates of how soon economies can reboot when the coronavirus outbreak eases. Oil rose after Russia signalled it’s ready to make production cuts. Declines in telecoms and media shares helped trim an earlier advance by the Stoxx Europe 600 Index. American index contracts fluctuated a ...

Bloomberg Pakistani stocks rose after the International Monetary Fund (IMF) said it plans to disburse about $1.4 billion in emergency financing next week to help the nation shield its economy hit by the coronavirus outbreak. “The IMF and the Pakistani authorities are working hard for a prompt approval and disbursement” in a single installment, Teresa Daban Sanchez, IMF’s chief in ...

Bloomberg Investors who want to trade big swings in risk sentiment may want to venture outside the typical US stocks play and consider currencies, according to analysts at Standard Chartered Plc. An analysis of how the S&P 500 Index and currencies traded relative to their volatility indicated that some foreign exchanges were more efficient in capturing the shifts through the ...

DUBAI / WAM National Bonds, the UAE-based financial and Sharia-compliant investment company, announced that its assets under management increased by 9 percent to AED7.8 billion in 2019, according to the results published by the company. The assets included mainly Wakala Deposits (38%), Real Estate – Yield Generating (27%) and sukuk (25%), according to National Bonds, which is owned by the ...

ABU DHABI / WAM The Italian envoy to Abu Dhabi has said that Italy’s government and people were “moved” by the sympathy and compassion shown by the UAE during coronavirus pandemic. In a statement to Emirates News Agency (WAM) Ambassador Nicola Lener said that Italy was “deeply impressed” by the UAE initiative that saw the shipment of 10 tonnes of ...