Inflight dining has never been so grounded to Singapore Airlines serves up food and movies 380 that doesnt take off but the mansour. Program the companys name is belying its giant ambitions. Subsidiary and group has been cleared for a double i. P. O. In hong kong and shanghai worth almost 35000000000. 00 and group is the Parent Company of page chinas pioneering Digital Payments firm which was created by. 2004 since then it has mushroomed into an interval part of everyday chinese life from payments for food deliveries instant loans to my current vestment and. Now and i v o is expected to be the Worlds Largest public stock sale if all goes to plan just by selling a fraction of their shares and could raise nearly 35000000000. 00 for the company and that is if the shares sell for as much as the Company Hopes the entire business could be worth well over 300000000000. 00 and its no wonder and processed 30 processed 15 trillion dollars worth of transactions last year way more than competitor
Set to expire august the first. A new report from working partnerships usa and the Law Foundation of Silicon Valley predicts a looming crisis when that happens. We predict and eviction time bomb of 43,000 evictions which is 16 times the normal rate we see in a typical year. Reporter this, in Silicon Valley where rents are among the highest in the nation and when the moratoriums and tenants will be asked to pay back rent too. Most of these low income tenants that have been unable, they have been unable to pay rent, they are going to struggle immensely to pay hundreds of dollars additional each month to be able to pay the back rent. Reporter the nonprofits say there needs to be action to extend the moratorium and to provide Legal Assistance and to get congress to act on rent relief. We see this crisis compounded what was already a very severe housing crisis. Reporter the California Department association believes there is a crisis too, but sees a different solution, government rental ass
Green, firmly in the green especially for the nasdaq up almost 1 1 2 as we shake off some earlier concerns of a possible second coronavirus wave. Well talk a lot about that, as we have fox Business Team coverage of our top stories. Blake burman at the white house today. Hillary vaughn in washington. We start with edward lawrence. He has latest reporting on the covid19 case spikes. Edward . Reporter you know what, connell . This morning the spike in cases some other comments from a Federal Reserve president sort of set the market on that downward spiral but then it seemed to turn around. They shrugged it off when more people were saying that the economy would not shut down en masse. Here is white house advisor larry kudlow on that subject. We have no intention whatsoever of shutting down the economy, the costs of that would be much greater than the costs of, of, keeping it open. And i think this is manageable. Reporter still seeing increase in at least 27 states. Health officials are tr
Masks are in short supply in many parts of the world or something from the crisis but has found a way around the problem. Times welcome to the program the coronavirus pandemic has plumbs Aviation Industry into an unprecedented crisis airlines have been forced to ground their fleets as borders are closed and passenger numbers plummet. It is the latest to take drastic measures to try to ensure its survival its reported to be planning to suspend about 36000. 00 staff and the company has stressed there will be no redundancies this week temporarily halted flights from Gatwick Airport you case 2nd busiest. Well finance correspondent come out of the Frankfurt Stock Exchange as well welcome called how markets reacting to this news. Good morning phil well the shares in International Airlines group which is the Parent Company of British Airways are up this morning but the whole sector i can say is pretty stable this morning on the stock markets all of europe. Of course is not the only carrier su
Economic update so professor the market has just kind of shrugged off this entire conflict between iran and the u. S. Its now hitting all time highs and essentially concluding that honor has been served in the middle east and everyone can move along now what do you think is this really over or is merely a teaser and the other shoe just hasnt dropped yet. You know its a complicated story on the one hand the markets are right of course this was see it or it was see it or on new years to assassinate a foreign general when he is leave it in his own country a person who has that an adversary for a long a person carrying a diplomatic passport which means you can give his car a ticket let alone kill him a very bizarre action and the world looks at this as a kind of roll Good Behavior which is the truth everywhere except in the media. Year on the other hand the iranians having to look like theyre doing something in response send missiles that dont get to the target theyre ostensibly aimed at s