Investors shake off virus impact as shares hit new highs

3) The failure to electrify thousands of miles of railway threatens Boris Johnson’s promise to make Britain the cleanest country on earth, industry leaders have warned. Rail chiefs have written to Transport Secretary Grant Shapps urging him to press on with electrification so that the industry can cut out carbon emissions by 2040.

4) Beales to shut remaining 11 department stores: The company made a further 20 staff redundant at its head office in Bournemouth with hundreds of jobs at risk.

5) Donald Trump has pardoned financier and philanthropist Michael Milken, the face of financial scandals in the Eighties. The US president said that the “junk bond king”, who was convicted of securities fraud, had done an “incredible job” supporting cancer research.

What happened overnight

Asian stocks and US and European equity futures recouped some of Tuesday’s losses after signs that China may be planning to offer more support

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WeWork Investors Will Take ‘Necessary Actions’ If SoftBank Bails on Bailout

The specific committee of the WeWork board of administrators on Sunday explained that it is “committed to acquire all needed actions” if SoftBank doesn’t reside up its finish of the deal in the bailout offer signed Oct of last yr.

“Not only is SoftBank obligated to consummate the tender give as detailed by the Master Transaction Arrangement, but its excuses for not trying to close are inappropriate and dishonest,” the committee, which includes Benchmark common spouse Bruce Dunlevie and previous Mentor CEO Lew Frankfort, explained in a statement, as reported by CNBC.

The committee added that it would be “completely unethical” for SoftBank to go back on its text in light-weight of the “current ecosystem,” possible referring to the novel coronavirus (COVID-19) pandemic.

SoftBank responded to the committee’s allegations saying that it is the “other parties” to the settlement that have failed to reside up to the “closing conditions” agreed

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