4

ITV advertising revenues tumble 42% in April

British TV network unable to provide guidance for the rest of 2020 as outlook is ‘uncertain’




4

Travelodge asks landlords to take £146m rent hit

Company says it will be ‘several years’ before revenues return to 2019 levels




4

López Obrador’s virus nonchalance risks deepening Mexico’s woes

President acts as though Latin America’s second-largest economy is immune to pandemic




4

Chile’s coronavirus outbreak helps revive Piñera’s fortunes

Approval ratings for the billionaire president have more than doubled




4

IMF agrees to $4.2bn fund for Ecuador

President Lenín Moreno says deal will save his country from Venezuela’s fate




4

Four Mexico states call for new tax deal with López Obrador

Governors seize on criticisms of president over lack of coronavirus stimulus




4

Unemployment in US hits postwar high of 14.7%

More than 20m lose their jobs in April as lockdowns choke world’s largest economy




4

Johnson revives onshore wind farms after 4-year ban

Policy reversal follows Cameron vow to rid UK of ‘unsightly’ structures




4

KKR to buy recycling group Viridor in £4.2bn deal

One of the first large acquisitions to be agreed since coronavirus pandemic rocked global markets




4

Centrica suspends dividend as Ovo furloughs 3,400 workers

First signs of severity of coronavirus pandemic on UK energy sector 




4

Telefónica/Liberty: rainy day dealmaking

Potential cost cuts should not be used as justification for a UK telecoms tie-up




4

Iran’s parliament backs move to cut 4 zeros from its currency

Rial to be changed to the toman after five decades of inflation




4

Boeing suppliers Hexcel and Woodward call off $6.4bn merger

Aircraft parts manufacturers pull plug in first big deal to collapse due to coronavirus pandemic




4

Saudi Telecom to pay $2.4bn for Vodafone Egypt stake

Prospective deal comes as Riyadh-listed STC seeks to expand regionally




4

US stocks close up 3.4% in positive start to week

S&P 500 records fourth gain in five sessions, despite new leg down for oil prices




4

Fed buys more mortgage bonds as rates rise above 4%

US central bank accelerates purchases to stabilise market for securities backed by home loans




4

George HW Bush, 41st US president, dies aged 94

Deft foreign policy and Gulf war victory defined his one term in office




4

Tony Mendez, CIA agent, 1940-2019

Master of disguise who plotted the ‘Argo’ escape from Iran




4

Gloria Vanderbilt, artist and designer, 1924-2019

Heiress who made her own success as the ‘Queen of Jeans’




4

Cokie Roberts, political journalist, 1943-2019

A trailblazer who broke the glass ceiling in Washington




4

Christopher Parkes, journalist, 1944-2019

A sharp-eyed editor and foreign correspondent who turned a killing phrase




4

Eric Li: ‘How do you block a country of 1.4bn?’

The pro-Beijing venture capitalist on Trump, China’s rise — and Xi Jinping’s ‘little red app’




4

Liberty Global and Telefónica agree £31bn deal to merge UK groups

Combination of O2 and Virgin Media set to transform British telecoms market




4

Liberty Global and Telefónica dial up changes in ‘deal of decade’

O2 and Virgin Media’s £31bn merger is one of the biggest examples of virtual dealmaking during pandemic




4

Embraer says Boeing used false claims to ditch $4bn tie-up 

Brazilian jet maker to seek damages from US group, which counters it is within its rights to terminate deal




4

Coronavirus: US death toll nears 40,000 — as it happened

Italy to lay out strategy this week on its plans to ease Covid-19 restrictions. Global stocks under pressure as oil tumbles again. England and Wales record 75 per cent more weekly overall deaths than normal.

Read more




4

Coronavirus: US death toll tops 42,000 — as it happened

Number of global cases of Covid-19 nears 2.5m, international oil prices tumble to lowest levels since the 1990s, Heineken hit as pandemic cuts into beer drinking globally.

Read more




4

Coronavirus: Congress passes $484bn interim stimulus package — as it happened

US job gains since financial crisis wiped out. Switzerland faces sharpest economic contraction since 1974. UK and eurozone business activity hit by historic collapse this month as lockdowns choked Europe’s biggest economies.

Read more




4

IFF-DuPont deal creates $45bn flavourings giant

New York company wins bidding against Kerry for nutrition and biosciences unit




4

Countingup scores £4M bridge round for its small business banking and accounting app

Countingup, the business current account that “automates” your accounting, has raised £4 million in self-described bridge funding. Leading the round is ING Ventures, with co-investment from Triple Point, CVentures, and BiG Start Ventures. Founded by Tim Fouracre, who previously founded cloud accounting software Clear Books, and now boasting 20,000 business customers, Countingup’s long term vision […]




4

Silver Lake to invest $747M in India’s Jio Platforms

Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian […]




4

eBay Q1 reports sales of $2.374B, active buyers up to 174M in wake of COVID-19

After a quarter in which eBay, tussling with an activist investor, completed the sell-off of its ticketing business StubHub for $4 billion and saw appointed a new CEO after its previous one departed, while also weathering waves of surging demand and dodgy supply resulting from the COVID-19 pandemic, today the e-commerce company reported its Q1 […]




4

Musk tweet knocks $14bn off Tesla market value

‘Stock price is too high’, writes outspoken chief executive




4

EA games on PS4 and Xbox One could be ‘upgraded free’ to next-gen console versions

2020 and 2021 will be one of the periodic transitional eras in gaming as Sony and Microsoft debut their shiny new consoles, the PlayStation 5 and Xbox Series X. To ease the process (and spur adoption of the next generation), EA may make its upcoming titles free to “upgrade” to your chosen console. On an […]




4

Sensor Tower raises $45M as demand for app data grows

Mobile app market intelligence firm Sensor Tower, which provides data-driven insights about the app economy, has raised $45 million in new funding from Riverwood Capital. This is the first significant investment the now-profitable company has seen since its $1 million seed round in 2013. The investment speaks to the growing demand for data about the […]




4

44 million US adults now use ‘borrowed’ accounts to access streaming services

Cutting the cord with cable or satellite TV used to mean a cost savings. But with the growing number of streaming services on the market, many consumers are finding that becoming a cord cutter is just as expensive, if not more so, as being a pay TV customer. As a result, many consumers continue to […]




4

TiVo enters the streaming market with a $50 Android TV-powered device, TiVo Stream 4K

TiVo today is launching a new device, its would-be Fire TV Stick competitor known as the TiVo Stream 4K. First announced at the Consumer Electronics Show in January, this $50 Android TV-powered HDMI dongle is TiVo’s attempt to insert itself into the streaming media device market. The new dongle arrives at a time when TiVo […]




4

YouTube TV to gain 14 more ViacomCBS channels in expanded distribution deal

YouTube TV is expanding its lineup of channels thanks to a new, multi-year distribution agreement with ViacomCBS, announced this morning. The Google-owned streaming TV service is gaining 14 new ViacomCBS channels as a result of the deal, including news, sports, and entertainment offerings. It will also continue to carry CBS broadcast stations, CBS Sports Network, […]




4

Silver Lake to invest $747M in India’s Jio Platforms

Weeks after Facebook invested $5.7 billion in Jio Platforms, India’s top telecom operator, private equity firm Silver Lake is following suit — and is willing to pay a premium for it. Silver Lake announced on Monday it will be investing 56.56 billion Indian rupees (about $746.8 million) in Jio Platforms for about 1.15% stake in the Indian […]




4

Confluent lands another big round with $250M Series E on $4.5B valuation

The pandemic may feel all-encompassing at the moment, but Confluent announced a $250 million Series E today, showing that major investment continues in spite of the dire economic situation at the moment. The company is now valued at $4.5 billion. Today’s round follows last year’s $125 million Series D. At that point the company was […]




4

Indian smartphone market grew by 4% in Q1, but projected to decline by 10% this year

India has emerged as one of the fastest growing smartphone markets in the last decade, reporting growth each quarter even as handset shipments slowed or declined elsewhere globally. But the world’s second largest smartphone is beginning to feel the coronavirus heat, too. The Indian smartphone market grew by a modest 4% year-over-year in the quarter […]




4

Nvidia’s top scientist develops open-source ventilator that can be built with $400 in readily available parts

Nvidia Chief Scientist Bill Dally has released an open-source ventilator hardware design he developed in order to address the shortage resulting from the global coronavirus pandemic. The mechanical ventilator design developed by Dally can be assembled quickly, using off-the-shelf parts with a total cost of around $400 — making it an accessible and affordable alternative […]




4

AWS hits $10B for the quarter putting it on a $40B run rate

AWS, the cloud arm of Amazon, would be a pretty successful business on its own. Today, the company announced it has passed $10 billion for the quarter, putting the cloud business on an impressive run rate of more than $40 billion. It was a bright spot for the company in an earnings report that saw […]




4

Apple introduces new $399 iPhone SE with Touch ID and 4.7″ screen

Apple has dropped a new iPhone SE on the market today. It’s a 4.7” iPhone with a physical home button, Touch ID, a single rear-facing camera and the A13 Bionic chip on board. With a $399 starting price point, the new SE is aimed squarely at new iPhone users or first-time smartphone buyers, but could […]




4

YouTube TV to gain 14 more ViacomCBS channels in expanded distribution deal

YouTube TV is expanding its lineup of channels thanks to a new, multi-year distribution agreement with ViacomCBS, announced this morning. The Google-owned streaming TV service is gaining 14 new ViacomCBS channels as a result of the deal, including news, sports, and entertainment offerings. It will also continue to carry CBS broadcast stations, CBS Sports Network, […]




4

Locatee raises $4M Series A for its workplace analytics platform

Locatee, a Swiss startup that uses existing sensors and IT infrastructures to provide employers and commercial real estate owners with detailed data about how their spaces are utilized, today announced that it has raised a $4 million Series A funding round led by San Francisco-based FYRFLY Venture Partners and Zurich-based Tomahawk VC. “We started the […]




4

Argentina plans to set $45 oil price in push to save Vaca Muerta

Executive decree set to prop up prices in hopes of saving domestic shale industry




4

Locatee raises $4M Series A for its workplace analytics platform

Locatee, a Swiss startup that uses existing sensors and IT infrastructures to provide employers and commercial real estate owners with detailed data about how their spaces are utilized, today announced that it has raised a $4 million Series A funding round led by San Francisco-based FYRFLY Venture Partners and Zurich-based Tomahawk VC. “We started the […]




4

UK car sales fall 97% in worst month since 1946

Showroom and factory closures blamed for dive to 4,321 registrations in April




4

Data dashboard startup Count raises $2.4M from LocalGlobe, with Global Founders Capital

Early-stage companies often have trouble dealing with the amount of data that can run through the organization, especially as it grows. Large sums are spent on data software, dislocated data, dealing with data pipelines. All of which involve data warehousing, cleaning tools and a visualization platform. Count is a startup that is an attempt to […]