• Airbus takes measures to tackle coronavirus crisis

      Airbus takes measures to tackle coronavirus crisis

      Airbus announced new steps on Monday to bolster its financial position as a coronavirus pandemic cripples the travel industry, including the signing of a credit facility for €15bn. The European planemaker added it was withdrawing its 2020 financial guidance, dropping a proposed 2019 dividend that had a cash value of €1.4bn and suspending funding to top up staff pension schemes.

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    • Netflix commits $100m to help actors, crews thrown out of work

      Netflix commits $100m to help actors, crews thrown out of work

      Streaming television giant Netflix on Friday established a $100m fund to help suspended actors and production crews endure the hit to paychecks caused by the coronavirus pandemic. As stated by company's chief content officer Ted Sarandos, the fund is meant to help offset hardship in the "creative community," with most of the money going to financially troubled workers on Netflix productions around the world.

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    • Full PS5 hardware specifications revealed

      Full PS5 hardware specifications revealed

      After months of anticipation and drips of details, Sony has finally revealed the specifications and hardware details for the PlayStation 5, its next-generation home console that’s planned for release this holiday season and will probably include 3D audio and support for nearly 100 older PS4 games, as reported.

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    • Bank of England  cuts base rates to 0.1%, orders £200bn printed

      Bank of England cuts base rates to 0.1%, orders £200bn printed

      The Bank of England has cut its base rate to a record low of 0.1% - warning the coronavirus pandemic will result in a "sharp and large" economic shock Its rate-setting committee, led by new governor Andrew Bailey, also decided at its unscheduled meeting to re-start the post-crisis asset purchase programme, also known as quantitative easing.

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    • Pixar pioneers win Turing Prize

      Pixar pioneers win Turing Prize

      The technology that animated movies like “Toy Story” and enabled a variety of special effects is the focus of this year’s Turing Award, the technology industry’s version of the Nobel Prize. Patrick Hanrahan and Edwin Catmull won the prize for their contributions to 3D computer graphics used in movies and video games.

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    • Tech giants are joining forces to fight Covid-19 fake news

      Tech giants are joining forces to fight Covid-19 fake news

      The novel coronavirus virus has caused a global pandemic. But because the Covid-19 disease is still being studied by epidemiologists, that gives room for conspiracy theorists, grifters, and opportunists to take advantage of the chaos, giving rise to a flood of misinformation or outright fake news on the web. To stem this tide, Google and other technology giants announced they are joining forces to combat misinformation.

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    • The world's biggest carmaker is shutting down in Europe

      The world's biggest carmaker is shutting down in Europe

      Volkswagen is preparing to suspend production across Europe as the continent struggles to contain the coronavirus pandemic. The German carmaking giant said Tuesday that production at its plants in Spain, Setubal in Portugal and Bratislava in Slovakia will be halted before the end of the week, while its German factories will close after Friday. The facilities produce cars under brands including Volkswagen, Audi, SEAT, Ducati, Porsche and Lamborghini.

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