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Not business as usual: How COVID-19 reshaped the narrative for Malaysia Aviation Group

Future CFO

Finding its feet While the global lockdown was in effect, Malaysia Airlines’ planes helped transport stranded citizens from all over the world on rescue and repatriation missions. MASkargo, part of MAG, transported medical equipment and disaster relief supplies to impacted regions.

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10 Sunday Reads

Barry Ritholtz

A $100 Billion Lesson In Why Building Public Transportation Is So Expensive in the US : There’s a plan to spend $100 billion fixing the Northeast Corridor by 2035. The move is just the latest step in Jones’ efforts to restructure his assets amid his legal troubles. Medium ). • The Bulwark ). Here’s what his filing says.

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Uber Looks To Sell Some Shares In China’s Didi Chuxing

PYMNTS

wants to shed part of its minority stake in Didi Chuxing , the Beijing vehicle-for-hire company that calls itself the world’s leading mobile transportation platform. billion, which included $131 million in stock-based compensation expense and $382 million in restructuring and related charges. Uber Technologies Inc. Net losses were $1.8

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Uber Brings $150M To SK Telecom Mobility Platform, Joint Venture In Korea

PYMNTS

In addition, the Unit provides other mobility services such as T Map Auto, T Map Public Transportation and T Map Parking, all of which will be continued by T Map Mobility.”. SK Telecom Chief Executive Park Jung-ho said the partnership will result in “greater safety for all modes of transportation.”

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Hong Kong's export index fell in Q3

Future CFO

Business confidence in Hong Kong's exports for the near term has been undermined by continuing uncertainties over the pandemic and surging transportation costs, HKTDC Director of Research Nicholas Kwan noted. Hong Kong’s export index in Q3 fell 9.7 points back to its first-quarter level of 39.0, This category accounted for 24.6%

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Banks Offer Economic Coronavirus Relief To Businesses

PYMNTS

Standard Chartered also noted that affected business banking clients can waive late charges as well as related fees, such as restructuring costs, for a maximum of six months. In separate news, more than 300 Chinese companies are looking for bank loans totaling a minimum of $8.2 billion to help assuage the impact of the coronavirus.

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Amazon And Its Real Estate Effect

PYMNTS

The Wall Street Journal reported on Wednesday (May 2) that Amazon told the also-ran cities, via conference call, that a “key issue” was toed to regional transportation — or, more specifically, the lack of a network facilitating that transportation. Some calls were relatively light on details.