WORLD NEWS HEADLINES - 30 MAY 2020


 Mexico faces a sluggish exit from coronavirus lockdown as government guidance on next week's planned easing of restrictions showed on Friday that nearly the entire country was still stuck in the highest red phase of contagion alert.

U.S. firms in Hong Kong awake to 'sad day' as Trump vows to curb economic ties

 The American Chamber of Commerce in Hong Kong said on Saturday it was "a sad day" for the global financial centre, hours after U.S. President Donald Trump moved toward stripping the city of its special treatment in a bid to punish China.

 China reports four new coronavirus cases for May 29

 China recorded four new confirmed cases of coronavirus as of the end of May 29, up from none the day before, data from the country's health authority showed on Saturday.

 Twelve migrants test positive for coronavirus at Mexican government shelter

 Twelve migrants have tested positive for coronavirus at a government-run shelter in the Mexican border city of Ciudad Juarez, the Mexican labor ministry said in a statement on Friday.

 Trump cutting U.S. ties with World Health Organization over virus

 The United States will end its relationship with the World Health Organization over the body's handling of the coronavirus pandemic, U.S. President Donald Trump said on Friday, accusing the U.N. agency of becoming a puppet of China.

 Trump backpedals after 'shooting' threat to Minneapolis rioters

 U.S. President Donald Trump on Friday tried to walk back a Twitter threat to respond with deadly force to three days of violent protests in Minneapolis over the police killing of an unarmed black man.

Mexico reports 84,627 total coronavirus cases and 9,415 deaths

Mexico on Friday registered 3,227 new cases of the coronavirus and 371 more deaths, bringing the total numbers to 84,627 cases and 9,415 fatalities, according to data from health authorities.

Germany's Merkel rejects Trump invite to attend G7 summit in Washington: Politico

German Chancellor Angela Merkel has refused to accept U.S. President Donald Trump's invitation to attend an envisaged summit of the Group of Seven (G7) in the United States, Politico reported on Friday.

In broadside against China, Trump moves toward ending Hong Kong privileges

President Donald Trump on Friday ordered his administration to begin the process of eliminating special U.S. treatment for Hong Kong to punish China, but stopped short of calling an immediate end to privileges that have helped the territory remain a global financial center.

Brazil reaches 27,878 coronavirus deaths, surpasses Spain

Coronavirus deaths in Brazil reached 27,878, the Health Ministry said on Friday, surpassing Spain to become the fifth ranking nation in the number of dead.

 

TECHNOLOGY WORLD

U.S. senators urge probe of TikTok on children's privacy

Four U.S. senators, including a China hawk, urged the Federal Trade Commission on Friday to investigate allegations that the popular video app TikTok violated a consent decree protecting children's privacy.

Lyft violates Washington DC sick day law during pandemic, lawsuit claims

Lyft Inc was sued on Friday by a former driver who accused the ride-sharing company of failing to provide required paid sick leave to drivers in Washington, D.C., a policy she said could fuel the spread of the coronavirus.

Chilean regulator approves Uber's purchase of Cornershop grocery app

Chile's antitrust regulator said on Friday it had approved "without conditions" Uber's purchase of Chilean online grocery provider Cornershop, clearing a key hurtle for the ride-hailing company as it seeks to expand into the delivery of groceries and other goods.

Trump backpedals after 'shooting' threat to Minneapolis rioters

U.S. President Donald Trump on Friday tried to walk back a Twitter threat to respond with deadly force to three days of violent protests in Minneapolis over the police killing of an unarmed black man.

China's Kunlun says U.S approves sale of Grindr to investor group

Chinese gaming company Beijing Kunlun Tech Co Ltd said on Friday that a U.S. national security panel approved the $620 million sale of popular gay dating app Grindr to an investor group called San Vicente Acquisition LLC.

Uber launches hourly ride booking option in some U.S. cities

Uber Technologies Inc on Friday said it would offer rides by the hour in some U.S. cities, a feature aimed at helping Americans with essential trips during the coronavirus pandemic.

Italian magistrates target Uber Italia over alleged rider exploitation: sources

Italian magistrates have placed an Italian unit of Uber Technologies under special administration as part of an investigation into alleged exploitation of food delivery riders, three people familiar with the case said on Friday.

Tencent in talks to buy Warner Music stake: WSJ

Chinese internet giant Tencent Holdings Ltd is in talks to invest $200 million in Warner Music Group, ahead of the record company's slated initial public offering next week, the Wall Street Journal reported https://www.wsj.com/articles/tencent-in-talks-to-buy-warner-music-stake-11590774885 on Friday.

COVID-19 robot patrol rolled out in Belgian hospitals

Robots that speak more than 53 languages, detect fever and determine if people are wearing face masks properly have been rolled out in Belgium as a first line of control in hospitals and shops.

BUSINESS WORD

Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens

Investors are taking a closer look at the market's consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector's hardest-hit names.

U.S. pipeline operator Energy Transfer warns of coming job cuts

U.S. pipeline operator Energy Transfer LP will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and gas prices on the energy business.

Trump administration to study ways to protect for U.S. investors from Chinese firms

The Trump administration will study ways to safeguard Americans from the risks of investing in Chinese companies, U.S. president Donald Trump said on Friday, ratcheting up pressure on the firms to comply with U.S. accounting and disclosure rules.

Sale of shut Philly refinery to real estate developer delayed

The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday.

Edging closer to bailout, Lufthansa accepts tweaked demands by Brussels

Lufthansa's management board accepted a more favourable set of demands made by the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue.

U.N. agency task force urges uniform approach to flying during coronavirus

 A United Nations aviation-led task force is urging airlines, airports and countries to come up with a uniform approach to flying safely during the coronavirus pandemic, although it stopped short of providing specific requirements for the hard hit industry's recovery.