Year: 2020

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Deaths Top 636; Trump Reassures Xi on Efforts: Virus Update

February 7, 2020 admin Comments Off on Deaths Top 636; Trump Reassures Xi on Efforts: Virus Update

(Bloomberg) — Japan found an additional 41 coronavirus cases on a quarantined cruise ship, while the number of infections on China’s mainland climbed to more than 31,000.Beijing ramped up efforts to contain the coronavirus that has claimed 636 lives in the country, while at the same time voicing strong objections as other countries place more restrictions on travelers.A Chinese doctor who was initially sanctioned for warning about the deadly Wuhan outbreak in early January has died, stoking fresh anger online at the Communist Party-led government. Read the full story here.Key DevelopmentsChina death toll at 636, an increase of 73, with …read more […]

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Boeing’s botched Starliner test flirted with ‘catastrophic’ failure: NASA panel

February 7, 2020 admin Comments Off on Boeing’s botched Starliner test flirted with ‘catastrophic’ failure: NASA panel

Boeing narrowly missed a “catastrophic failure” during its December flight test of an unmanned space taxi that was cut short by an unrelated problem, a NASA safety review panel said Thursday, recommending that the agency examine Boeing’s software verification process before letting it fly humans to space.

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To counter Huawei, U.S. could take ‘controlling stake’ in Ericsson, Nokia: attorney general

February 7, 2020 admin Comments Off on To counter Huawei, U.S. could take ‘controlling stake’ in Ericsson, Nokia: attorney general

U.S. Attorney General William Barr said on Thursday the United States and its allies should consider the highly unusual step of taking a “controlling stake” in Finland’s Nokia and Sweden’s Ericsson to counter China-based Huawei’s dominance in next-generation 5G wireless technology.

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Activist Paul Singer Builds Close to $3 Billion Stake in SoftBank

February 7, 2020 admin Comments Off on Activist Paul Singer Builds Close to $3 Billion Stake in SoftBank

(Bloomberg) — Legendary activist investor Paul Singer is taking on one of his most high-profile targets yet: Masayoshi Son.Singer’s Elliott Management Corp. has built a stake of close to $3 billion in SoftBank Group Corp., according to people familiar with the matter. The New York-based hedge fund believes SoftBank is one of the world’s most undervalued companies and could easily finance a share buyback of as much as $20 billion by trimming investments in companies like Alibaba Group Holding Ltd., Sprint Corp. and others.Elliott has held discussions with SoftBank’s leadership team including founder Son, the people said. The firm thinks …read more […]