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Amazon sees possible second-quarter loss as it forecasts $4 billion in COVID-19-related costs

Technology News (Reuters) - Fri, 05/01/2020 - 03:34
Amazon.com Inc on Thursday said it could post its first quarterly loss in five years even as revenue surges because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workforce for COVID-19.
Categories: Technology

Factbox: Elon Musk protest tweets against coronavirus lockdowns

Technology News (Reuters) - Fri, 05/01/2020 - 02:52
Tesla Inc Chief Executive Officer Elon Musk, who has a history of being outspoken on Twitter, lashed out on the social media platform over the past several days with his strong views on restrictions to curb the spread of the coronavirus.
Categories: Technology

Mexico reports 1,425 new coronavirus cases, 127 deaths

Health News (Reuters) - Fri, 05/01/2020 - 02:16
Mexican health officials on Thursday reported 1,425 new cases of the novel coronavirus and 127 new deaths in the country, bringing the total to 19,224 cases and 1,859 deaths.
Categories: Health

Gilead to work with partners to ramp up production of potential coronavirus treatment

Health News (Reuters) - Fri, 05/01/2020 - 02:02
Gilead Sciences Inc , maker of the closely-watched experimental coronavirus drug remdesivir, on Thursday said it will work with international partners to expand production of the potential COVID-19 treatment.
Categories: Health

Apple sales inch higher despite coronavirus but CEO Tim Cook sees uncertain future

Technology News (Reuters) - Fri, 05/01/2020 - 01:32
Apple Inc reported sales and profits that beat Wall Street expectations Thursday, with Chief Executive Officer Tim Cook saying China sales were "headed in the right direction" as that country reopens from the novel coronavirus.
Categories: Technology

Little-used Navy hospital ship Comfort leaves New York after treating COVID-19 patients

Health News (Reuters) - Fri, 05/01/2020 - 00:49
The U.S. Navy hospital ship Comfort departed New York harbor on Thursday, just a month after arriving to help ease the strain on overburdened city hospitals dealing with the novel coronavirus outbreak.
Categories: Health

Canada's coronavirus curve flattens but worrying trends emerge: top medical officer

Health News (Reuters) - Fri, 05/01/2020 - 00:17
Canada's coronavirus curve is flat but worrying trends are emerging, particularly outbreaks in vulnerable indigenous communities, the country's top medical officer said on Thursday.
Categories: Health

Amazon sees $4 billion in COVID-19-related costs, may not make second-quarter profit

Technology News (Reuters) - Thu, 04/30/2020 - 23:01
Amazon.com Inc on Thursday said it could post its first quarterly loss in five years because it is spending at least $4 billion in response to the coronavirus pandemic, including plans to test its workers for COVID-19 and providing them with protective gear, and paying higher wages.
Categories: Technology

Elliott further trims stake in Telecom Italia

Technology News (Reuters) - Thu, 04/30/2020 - 22:23
U.S. hedge fund Elliott Management has further cut its stake in Italy's biggest phone group Telecom Italia (TIM), a regulatory filing showed, amid an ongoing portfolio rebalancing as COVID-19 rocks financial markets.
Categories: Technology

U.S. calls ingredients in some ethanol-based hand sanitizers unsafe

Health News (Reuters) - Thu, 04/30/2020 - 22:15
The Trump administration has tightened restrictions on the use of ethanol in hand sanitizer, citing safety concerns and forcing some suppliers to halt sales at a time of soaring demand, according to sources and documents seen by Reuters.
Categories: Health

Brazil's new coronavirus cases rise to 85,380: ministry

Health News (Reuters) - Thu, 04/30/2020 - 22:14
Brazil has reported a record 7,218 confirmed cases of new coronavirus in the last 24 hours, raising the total to 85,380 cases, the Health Ministry said on Thursday.
Categories: Health

Nearly a dozen approved drugs could be effective against COVID-19: study

Health News (Reuters) - Thu, 04/30/2020 - 21:52
At least 10 different drug compounds ranging from cancer therapies to antipsychotics and antihistamines may be effective at preventing the new coronavirus from multiplying in the body, according to a multidisciplinary study conducted by a team of scientists in the United States and France.
Categories: Health

Zoom says it has 300 million daily meeting participants, not users

Technology News (Reuters) - Thu, 04/30/2020 - 21:18
Video conferencing provider Zoom said on Thursday it had mistakenly published a blog last week that put its daily users at 300 million people when the figure instead referred to the number of meeting participants.
Categories: Technology

CDC reports 1,031,659 coronavirus cases, 60,057 deaths

Health News (Reuters) - Thu, 04/30/2020 - 21:10
The U.S. Centers for Disease Control and Prevention (CDC) on Thursday reported 1,031,659 cases of new coronavirus, an increase of 26,512 cases from its previous count, and said the number of deaths had risen by 2,552 to 60,057.
Categories: Health

Special Report: FDA's lax rules on coronavirus blood tests open U.S. market to dubious vendors

Health News (Reuters) - Thu, 04/30/2020 - 21:04
As the coronavirus pandemic engulfed the United States, Joe Shia, a consultant to Chinese medical companies, said he was bombarded with inquiries from American firms who saw a golden opportunity in selling tests to determine coronavirus immunity.
Categories: Health

Peru's COVID-19 deaths surpass 1,000: ministry of health

Health News (Reuters) - Thu, 04/30/2020 - 20:59
The number of deaths from COVID-19 in Peru has surpassed 1,000, the country´s ministry of health said on Thursday.
Categories: Health

Digital ad market is avoiding coronavirus disaster, say tech giants

Technology News (Reuters) - Thu, 04/30/2020 - 20:53
Reports of the demise of the digital advertising market due to the coronavirus outbreak appear exaggerated as the tech giants dominating the online ads business, Google and Facebook, said this week they saw early signs that the worst could be over.
Categories: Technology

Elliott trims stake in Telecom Italia further to 5.13%

Technology News (Reuters) - Thu, 04/30/2020 - 20:45
U.S. hedge fund Elliott Management has further cut its stake in Italy's biggest phone group Telecom Italia (TIM), a regulatory filing showed on Thursday.
Categories: Technology

France sees lowest weekday COVID-19 death toll increase since end March

Health News (Reuters) - Thu, 04/30/2020 - 20:43
The number of people who died of coronavirus infection in France increased by 289 or 1.2% to 24,376 on Thursday, the lowest increase on a weekday since end March, government data showed.
Categories: Health

South Africa's coronavirus cases jump by 297

Health News (Reuters) - Thu, 04/30/2020 - 20:42
South Africa reported another 297 positive cases of the coronavirus on Thursday, another big jump after cases climbed by their most in single day on Wednesday, bringing the total in the country to 5,647, the health department said in a statement.
Categories: Health
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