- Financial Times
Regulators and accountants poised for ‘going concern’ hit to markets
UK financial regulators are examining how many listed companies are set to issue warnings about their ability to survive the pandemic, as they seek to assess the impact on markets should share prices plummet. Auditors have warned that there is a backlog of annual reports that are likely to question the ability of companies in the retail, hospitality, leisure and travel industries to continue trading as a going concern for the next 12 months. A flood of going concern warnings or qualified audit opinions — in which an auditor says there are misstatements or that they could not obtain enough evidence to sign off the accounts with a clean bill of health — could spook markets.
- Financial Times
Women-led hedge funds beat male rivals in coronavirus crisis
The tiny number of hedge funds managed by women have outperformed their male counterparts through the coronavirus crisis, new data show, highlighting the industry’s long-running lack of progress in fixing its gender imbalance. Hedge funds run by women lost 3.5 per cent in the first four months of this year, as measured by Chicago-based data group HFR’s Women Access index. “In the round [female managers] appear to have a better approach to managing risk,” said Russell Barlow, global head of alternative investment strategies at investment firm Aberdeen Standard.
- Financial Times
Live Q&A: What is the best advice for new graduates?
The graduate jobs market has been turned upside down by the coronavirus pandemic. As students prepare to enter the fray post lockdown, they face an uncertain time as the mid- to long-term economic damage remains unknown. Internships, typically part of an assessment for future job offers, are being cancelled, deferred or made entirely virtual.
- Financial Times
UK review of Huawei eyes impact of US sanctions
A UK government review into the impact of new US sanctions on Huawei will report back within weeks, officials have said, as they warned the curbs could have “very, very serious” implications for the Chinese company’s planned role in supplying 5G networks in Britain. The emergency review — which started just days after the US announced new export controls on Huawei last month — is being undertaken by the National Cyber Security Centre, a branch of UK signals intelligence agency GCHQ. The US sanctions and the UK review gives British prime minister Boris Johnson the opportunity to execute a U-turn on his contentious decision in January to grant Huawei a limited role as a supplier of telecoms equipment for the country’s 5G mobile phone networks.
- Financial Times
Every manager is having a midlife crisis
Zoom, Skype, Slack and their likes were there to bolster the productivity of people who can work from home, the very knowledge workers whose jobs tech was meant to threaten next. The digital revolution — a world of work without workplaces and management without managers — owes much to a theory dreamt up by Frederick Taylor, considered by many to be the first management guru, in the early 20th century.
- Financial Times
How virtual reality helps real-life recruitment
It is a virtual reality exercise used to assess graduates applying for a technology role at Accenture, the professional services group. The advantage of introducing VR to a candidate assessment programme is that “seeing people in action is a better indicator of their potential”, says Adrian Love, Accenture’s recruitment director for the UK and Ireland. The virtual world is all encompassing, so “your brain cannot fake it”, he adds.
- PR Newswire
Huawei Global Analysts Summit: Rethink The Seamless AI Experience With Glocal HMS Ecosystem
At the 2020 Huawei Analyst Summit held in Shenzhen, Huawei Consumer Business Group (CBG) met with analysts to discuss the latest industry trends, innovative technologies, and ecosystem development. The theme of this year's summit was "Seamless AI Life", and the discussion focused on the direction of future business development. Huawei also introduced the latest progress of HMS (Huawei Mobile Services) ecosystem and HUAWEI AppGallery. Currently, there is over 1.4 million developers registered with HMS, with the number of monthly active users of HUAWEI AppGallery exceeding 420 million.
- PR Newswire
V Connect Launches Asia Artificial Intelligence Virtual Summit 2020
V Connect, the main organiser of Asia Artificial Intelligence Virtual Summit 2020 today unveils its lineup of 20 Top AI experts and speakers who will be speaking at the event. This inaugural virtual summit will be broadcasted live every day from Thursday, June 11, 2020 from 2pm (Malaysia, Singapore, Hong Kong, mainland China Time Zone) till Sunday, June 14, 2020.
- Thomson Reuters StreetEvents
Edited Transcript of CCO.N earnings conference call or presentation 6-May-20 12:30pm GMT
Q1 2020 Clear Channel Outdoor Holdings Inc Earnings Call
- Reuters
Japan considering re-opening door to some foreigners - media
Japan is considering re-opening its borders to travellers from selected countries which have low levels of coronavirus infections, as it begins to ease restrictions put in place earlier this year to control the outbreak. Around 17,000 coronavirus cases have been confirmed in Japan as of early Monday, with roughly 900 deaths. Since February, Japan has banned entry by foreigners to limit the spread of the virus from overseas visitors.
- PR Newswire
MESA AIR 24 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors with Losses in Excess of $100,000 of Deadline in Class Action Lawsuit Against Mesa Air Group, Inc. - MESA
Kahn Swick & Foti, LLC ("KSF") and KSF partner, the former Attorney General of Louisiana, Charles C. Foti, Jr., remind investors that they have only until June 1, 2020 to file lead plaintiff applications in a securities class action lawsuit against Mesa Air Group, Inc. (NasdaqGS: MESA), if they purchased the Company's securities issued in connection with its August 2018 initial public stock offering (the "IPO"). This action is pending in the United States District Court for the District of Arizona.
- Investor's Business Daily
Dow Jones Futures: Tesla Leads 5 Stocks Looking To Break Out Decisively In Coronavirus Market Rally
Futures fell slightly amid unrest in many U.S. cities. Don't forget to game plan for the coronavirus stock market rally. Tesla, Apple look to break out decisively.
- GlobeNewswire
Hua Medicine Selected for Inclusion in the MSCI Hong Kong Micro Cap Index
Hua Medicine (the “Company”, Stock Code: 2552. HK), a leading innovative drug development company focused on developing novel therapies for the treatment of diabetes, is pleased to announce that the Company has been officially included as a constituent stock of the MSCI Hong Kong Micro Cap Index. MSCI is a leading provider of research-based indexes and analytics worldwide.
- MarketWatch
Apple’s Tim Cook: Now is not the time for ‘standing on the sidelines’
Cook addressed his employees in an internal memo about inequality and discrimination as protests over the killing of George Floyd continue to erupt across the country
- Reuters
Australia's stalled migrant boom derails golden economic run
Australia's three decades of uninterrupted prosperity are coming to an abrupt end as the global coronavirus pandemic crashes one of its most lucrative sources of income – immigration. Net immigration, including international students and those on skilled worker visas, is expected to fall 85% in the fiscal year to June 2021, curbing demand for everything from cars and property to education and wedding rings. Gurmeet Tuli, who owns a jewellery store in the Sydney suburb of Parramatta, said his business is already hurting in a neighbourhood which is home to tens of thousands of migrants.
- PR Newswire
Future Energy Painting Contest Commences Globally
The Future Energy Painting Contest, driven by the mission and belief that "energy empowers future", is launching globally on the 1st of June. As an animate part of Light Up the Future, a China Huadian Corporation LTD. (CHD) global social responsibility project, the contest will be carried out with the vision to provide aesthetic education for children worldwide, and to promote harmonious symbioses between human and nature.
- Reuters
South Korea's Celltrion says COVID-19 drug shows drop in viral load in animal testing
South Korea's Celltrion Inc <068270.KS> said on Monday its experimental treatment of COVID-19 demonstrated a 100-fold reduction in viral load of the disease in animal testing. Celltrion has research experience with other types of coronavirus conditions such as Middle East Respiratory Syndrome (MERS).
- MarketWatch
Trump taken to White House bunker as protests raged nearby Friday
Secret Service agents rushed President Donald Trump to a White House bunker on Friday night as hundreds of protesters gathered outside the executive mansion, some of them throwing rocks and tugging at police barricades.
- Variety
Protests Continue Coast to Coast as Cities Seek to Impose Order
Cities across the country declared curfews on Sunday night as protests continued over the death of George Floyd. In Minneapolis, where the protests began last week, a curfew was declared from 8 p.m. to 6 a.m. In that city, a semi driver was arrested Sunday after plowing into a crowd of protesters on a bridge. […]
- Thomson Reuters StreetEvents
Edited Transcript of ERA earnings conference call or presentation 6-May-20 2:00pm GMT
Q1 2020 Era Group Inc Earnings Call
- Reuters
GLOBAL MARKETS-Asia stocks prove resilient to US riots as S&P futures bounce
Asian shares pushed to three-month highs on Monday as progress on opening up economies helped offset jitters over riots in U.S. cities and unease over Washington's power struggle with Beijing. E-Mini futures for the S&P 500 recovered early losses to be up 0.1%, having been down 1% in early trade, while safe-haven gold pared an early rise to be up 0.4% at $1,733 an ounce. Bonds also lost early gains and oil prices slipped.
- Variety
Aaron Dessner of the National Responds to Bizarre Right-Wing Accusation That He’s a Riot Organizer
Aaron Dessner of the rock group the National took to social media Sunday to declare that he was in the rural countryside — and offer photographic evidence — after bizarrely being accused by right-wing accounts of being an "Antifa organizer caught on camera appearing to pay some kids to riot." The first tweet suggesting that […]
- PR Newswire
Winners of iQIYI Hit Variety Show "Youth With You Season 2" Make Their Debut as Girl Group
iQIYI, Inc. (NASDAQ: IQ) ("iQIYI" or the "Company"), an innovative market-leading online entertainment service in China, announced that an all-girl idol group composed of the nine winners of its hit original variety show Youth With You Season 2 (the "Show") debuted on the eve of May 30th. The 9-member idol group, THE9, includes XIN Liu, Esther Yu, Kiki Xu, Yan Yu, Shaking, Babymonster An, Xiaotang Zhao, Snow Kong and K Lu, who were selected out of more than 100 trainees through viewer votes during the Show and THE9 will become the ambassador for Mengniu Zhenguoli. On the eve of May 30th, global users are able to watch the Show in Chinese, English and Thai on the international version of iQIYI App, witnessing the debut of THE9.
Reuters VideosBarcelona gets date of June 13 to restart their title bid with match against Real Mallorca
SHOWS: BARCELONA, SPAIN (FILE - MAY 8, 2020) (BARCA TV POOL - ACCESS ALL) 1. BARCELONA TRAINING SESSION - . FULL BACK JORDI ALBA 2. GOALKEEPER MARC-ANDRE TER STEGEN 3. ALBA 4. MESSI JUGGLING THE BALL 5. TER STEGEN TRAINING BARCELONA, SPAIN (FILE - MAY 18, 2020) (LA LIGA HANDOUT - ACCESS ALL) 6. BARCELONA COACH, QUIQUE SETIENS (RIGHT) WEARING MASK WHILE STANDING ON TRAINING PITCH WITH ASSISTANT COACH 7. VARIOUS OF MESSI TRAINING 8. ALBA TRAINING 9. FORWARD, ANTOINE GRIEZMANN WARMING UP 10. FORWARD, MARTIN BRAITHWAITE TRAINING 11. DEFENDER, CLEMENT LENGLET STORY: Barcelona will recommence their bid to defend the Spanish title on Saturday June 13 away to Real Mallorca after a three-month pause due to the COVID-19 pandemic, while Real Madrid will host Eibar on June 14, organisers La Liga announced on Sunday. The season kick backs into action with a local derby between Sevilla and Real Betis on June 11 and there will be fixtures for the following seven days, with Barca hosting Leganes on June 16 and Real playing at home to Valencia on June 18. As in the Bundesliga, which earlier in May became the first major European league to start up again after being disrupted by the pandemic, all La Liga matches until the end of the season will take place without spectators. Real Madrid will play their remaining six home games at the 6,000-capacity Estadio Alfredo di Stefano based at their training ground, a league source confirmed, as they are currently renovating their Santiago Bernabeu home. Levante will also be making adjustments to their Ciutat de Valencia stadium when the season starts up again and confirmed last week they will play their final home games in the town of La Nucia, more than 150 kilometres away from their usual ground. Barca were leading Real by two points after 27 matches when the campaign was postponed back in March due to the novel coronavirus outbreak. Organisers have only released scheduling details for the first two rounds of fixtures although La Liga chief Javier Tebas confirmed that there will be matches every day of the week until the season is completed on July 19. Tebas also gave details of a planned tribute to those who have died from the pandemic, whereby fans will be encouraged to make audio recordings of themselves applauding the victims, which will then be transmitted in the stadium and broadcast on television in the 20th minute of each match. The Spanish top-flight is poised to be the second of Europe's top five leagues to resume after the Bundesliga, with England's Premier League re-starting on June 17 and Italy's Serie A kicking off again on June 20. (Production; David Grip)
- PR Newswire
JCB signs a Strategic Partnership Agreement with TECHFUND for Joint Research on Sustainable Payment System Using Blockchain
JCB Co., Ltd., a global payment network and a leading issuer and acquirer in Japan, and TECHFUND Inc., a technology accelerator promoting innovation in startups and leading companies, have signed a strategic partnership agreement to jointly research the construction of a sustainable payment system using blockchain. Based on TECHFUND's blockchain technologies such as STO (Security Token Offering)*1 and staking*2, JCB and TECHFUND jointly research the payment platform that will contribute to solving various issues in the payment field.
