Producers in France’s eastern Champagne region, headquarters of the global industry, say they have lost an estimated 1.7 billion euros ($2.8 billion) in sales for this year, as turnover fell by a third a hammering unmatched in living memory and worse than the Great Depression.
- Champagne producers say coronavirus presents a greater crisis than the Great Depression
- Pressure on the industry is predicted to last several years as the world waits for a vaccine
- As …
Twitter and TikTok reportedly have had talks about a deal – The Verge
Twitter has had preliminary discussions about a combination with TikTok, the Wall Street Journal reported, making the social media platform the latest possible suitor for the popular video-sharing app.
Microsoft has been the only company so far to say publicly its pursuing TikTok
Illustration by Alex Castro / The Verge
Twitter has had preliminary discussions about a combination with TikTok, the Wall Street Journal reported, making the social media platform the latest possible suitor for the popular video-sharing app. As the WSJ notes, its not clear whether Twitter would pursue a possible acquisition of TikTok, and any such deal would have big obstacles.
The biggest challenge to any deal is…
Fears seismic testing undermining southern rock lobster industry’s recovery efforts – ABC News
Fishers impacted by offshore surveying say oil and gas companies need to develop better testing methods than those used since the 1960s.
Fishers in a south-west Victorian coastal town underpinned by a multi-million-dollar fishing industry are worried that decades of offshore seismic testing by gas and oil companies are significantly harming the marine environment they rely on.
- More than 150 seismic surveys have been done in Victorian waters since the 1960s
- Fishers and a local council oppose more tests due to concerns about the impact on marine life
- Studies show seismic signals can damage sout…
Kodak pharma deal held up over reported questions about stock move – CNBC
In a tweet Friday evening, the U.S International Development Finance Corporation said it was holding up a deal with Kodak as regulators reportedly look into trading activity that sent Kodak’s shares surging on news of the initial agreement.
A deal that would have seen Eastman Kodak get funding to produce drug ingredients that could have helped fight the coronavirus has been put on hold.
In a tweet Friday evening, the U.S International Development Finance Corporation said it was holding up the deal as regulators reportedly look into trading activity that sent Kodak’s shares surging on news of the initial agreement.
“We will not proceed any further unless these allegations are cleared,” the DFC said.
A probe by the Securities and…
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