Friday, December 3
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Misinformation on the president’s health once again shows America is fighting an’infodemic’ during the coronavirus pandemic

President Trump's coronavirus diagnosis has exposed the gravity of the pandemic and the 'infodemic' that Americans are fighting against. A history of inconsistencies in communication from the Trump administration is once again acting as an obstacle for the American public to be able to trust the White House's updates. At the same time, misinformation online is creating even more confusion and distrust for the public. Visit Business Insider's homepage for more stories. In the hours following President Donald Trump's announcement that he and the first lady had tested positive for coronavirus, confusion and misinformation emerged as the nation tuned in to updates on the president's condition.A history of inconsistencies and lack of transparency in the Trump a...
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Debt cancellation needed to help poorest countries -World Bank president

Article contentBERLIN — The COVID-19 pandemic could trigger a debt crisis in some countries, so investors must be ready for granting some form of relief that could also include debt cancellation, World Bank President David Malpass was quoted as saying on Sunday."It is evident that some countries are unable to repay the debt they have taken on. We must therefore also reduce the debt level. This can be called debt relief or cancellation," Malpass told Handelsblatt business daily in an interview."It is important that the amount of debt is reduced by restructuring," Malpass added.He pointed to similar steps in previous financial crises such as in Latin America and the so-called HIPC initiative for highly indebted countries in the 1990s.Rich countries last month backed an extension of the G2...
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ThirdLove founder Heidi Zak, who left her job at Google to launch her DTC bra startup, shares the question to ask before starting a business

ThirdLove cofounder Heidi Zak left her position as a Google senior marketing manager to launch her direct-to-consumer bra startup. Today the company, which aims to provide women with a better fit than traditional retailers, has raised nearly $69 million in funding. Zak said running a company is all-consuming, so aspiring entrepreneurs should ask what they are willing to give up before quitting their job to start a business. Visit Business Insider's homepage for more stories. "A business is like having a child," said Heidi Zak.Zak is the CEO and cofounder, along with her husband Dave Spector, of bra company ThirdLove. In 2012, Zak left her position as a Google senior marketing manager to found her startup.Zak (who, by the way, has two human children) explaine...
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Suez Renews Support for Ardian’s Bid Ahead of Veolia’s Deadline

Article content(Bloomberg) — Suez SA backed a potential takeover bid led by private equity firm Ardian SAS, seeking to give investors an alternative as it fights an acquisition from French rival Veolia Environnement SA.Ardian's project, which has has yet be detailed, is “in the interest of Suez — its shareholders, its employees, its clients and all its stakeholders,” the water and waste-treatment company said in a statement on Sunday after the board reviewed the plan. The Ardian proposal is “built around growth,” and would allow for an employees' shareholding to double, it added.Suez said earlier Sunday it still considers Veolia's approach to be hostile, adding further tension to a multi-stranded saga that's drawn in the French government, and damping hopes that recent discussions could...
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Biden campaign is’taking every single precaution’ following Trump’s COVID-19 diagnosis, adviser says

Senior campaign advisor for Joe Biden, Symone Sanders, said Joe Biden's campaign has been "taking every single precaution" as he continues travels around the country.President Donald Trump's positive COVID-19 diagnosis raised concerns if the Democratic nominee contracted the virus following their first debate— where both candidates were socially distanced from one another on stage without face masks—on Tuesday night.Biden, his wife, and his running mate, California Sen. Kamala Harris, tested negative on Friday.CNN's Jake Tapper asked the senior campaign advisor if Joe Biden was being tested every day after sharing the stage with Trump earlier this week. "Shouldn't he be tested every day?" Tapper asked. "I mean, he was in a room ... with Donald Trump, who, ...
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London transport regulator strips Ola’s operating license over public safety failings

Article contentLondon's public transport authority stripped Indian ride-hailing company Ola of its London operating license, saying that the taxi app was not “fit and proper” to hold one, having put passenger safety at risk.Bengaluru-based Ola entered the London taxi market in February this year. The market is dominated by rivals including Uber, Freenow and Bolt, and traditional black cab drivers who previously blocked streets in protest at what they see as a threat to their livelihoods.Transport for London (TfL) said in a statement that it refused to grant Ola, a Softbank-backed operator, a new London private hire vehicle (PHV) operator's license as it “cannot find it fit and proper to hold one after discovering a number of failures that could have risked public safety."TfL's decision ...
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Klobuchar denies claims that Democrats are’using’ Senate coronavirus outbreak to delay SCOTUS confirmation hearing

Minnesota Senator Amy Klobuchar pushed back against Fox News host Chris Wallace's question that Democrats are going to "use" the coronavirus outbreak among Republicans to delay the SCOTUS hearing. When asked why the hearing could not happen virtually, Klobuchar stressed that "this is for the highest court of the land." The Senate has conducted hearings virtually during the pandemic on a number of occasions, although video conferencing has not come without problems for lawmakers. Visit Business Insider's homepage for more stories. In an interview with Chris Wallace on Fox News Sunday, Minnesota Senator Amy Klobuchar pushed back on suggestions that Democrats are trying to "use" the coronavirus outbreak among key Republican senators as a reason to delay the ...
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Regal Cinemas likely to close all US theaters as pandemic continues to slam movie industry, report says

Regal Entertainment Group is likely to close all of its US locations as the coronavirus pandemic continues to wreak havoc on release plans, The Wall Street Journal reported Sunday. After "Tenet" fueled the reopening of hundreds of theaters around the US, postponed movies including the latest James Bond title pull key revenue from struggling chains. Regal began reopening theaters in August but may shutter its more than 500 locations around the country amid low turnout. Still, Regal's plan isn't set in stone, and a final decision could arrive on Monday or Tuesday, sources familiar with the matter told The Journal. Visit Business Insider's homepage for more stories. Cineworld Group is considering closing all of its Regal Entertainment Group movie theaters in th...