Tuesday, 11 Aug 2020

Delta amends credit facility to include stricter covenants

(Reuters) – Delta Air Lines Inc (DAL.N) said on Thursday it has amended its $2.65 billion credit facility agreement with covenants, which include restricting the U.S. airline’s ability to pay dividends or repurchase stock before Sept. 30, 2021. The amendment also requires the company to maintain a minimum liquidity of $2 billion. The amended facility […]

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In reversal, Texas orders face masks in public: Coronavirus live

Republican governor makes a stark reversal and orders the wearing of face masks across Texas as infections surge. The Republican governor of Texas ordered face masks in most public spaces across the state and banned gatherings of more than 10 people. The United Nations Security Council has unanimously adopted a resolution demanding an “immediate cessation […]

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Australia retail sales see record surge in May as economy reopens

SYDNEY (REUTERS)- Australian retail sales saw a record surge in May, official data showed on Friday (July 3), as a wide scale easing in coronavirus lockdowns allowed entire sectors to reopen, enabling a recovery from an historic plunge in April. The strong bounce suggests consumer spending will not be nearly as weak as first feared […]

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While You Were Sleeping: 5 stories you might have missed, July 3

Democracy activist Nathan Law says he has fled Hong Kong Nathan Law, one of Hong Kong’s most prominent young democracy activists, announced on Thursday he had fled overseas in response to Beijing imposing a sweeping security law on the city. “I have already left Hong Kong and continue the advocacy work on the international level,” […]

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Japan asks US to extradite two men over Ghosn case

Japan has asked the US to extradite a former special forces soldier and his son for allegedly helping ex-Nissan boss Carlos Ghosn flee Japan last year. Ex-Green Beret Michael Taylor and his son Peter were held in Massachusetts in May, several months after Japan had issued warrants for their arrest. The US authorities confirmed a […]

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