Code of Gossip

Stuff that matters

Embraer’s commercial aviation revenue falls by 82%

Brazil’s Embraer said on Wednesday that revenue at its commercial aviation segment, usually its largest and most profitable, had fallen by 82% to $109 million in the second quarter because

Read More

New York Times digital business overtakes print for first time

The Times, which competes for ad dollars with big players like Facebook Inc (FB.O) and Alphabet Inc’s (GOOGL.O) Google, has been shifting towards a subscriber-backed model in an effort to

Read More

Trump says he may suspend payroll tax himself

U.S. President Donald Trump said on Wednesday he may suspend the payroll tax himself as part of his administration’s efforts to help the economy after the coronavirus shutdown, after the

Read More

BMW loses almost $800 million as sales slide during lockdowns

BMW (BMWG.DE) expects to make a profit this year if demand continues to recover, despite posting a record loss for its car division in the second quarter after sales slumped

Read More

As dollar slides, some investors fret about its status as world’s reserve currency

Some investors are worried the U.S. response to the coronavirus pandemic is dealing a body blow to the dollar, potentially accelerating what has so far been a slow erosion in

Read More

Tencent to consolidate China’s Twitch-like services Douyu and Huya

China’s biggest video game and social media company Tencent Holdings (0700.HK) is driving a merger of Twitch-like game streaming platforms Douyu (DY8Ay.F) and Huya (HUYA.N), as it seeks to consolidate

Read More

Virgin Atlantic Airways seeks U.S. Chapter 15 bankruptcy protection

Virgin Atlantic Airways Ltd [VA.UL] is seeking protection from creditors in the United States under Chapter 15 of the U.S. Bankruptcy Code, which allows a foreign debtor to shield assets

Read More