News Headlines - 07 May 2020

China's 'Bat Woman' Shi Zhengli denies 'trying to defect with confidential files' | Daily Mail Online

China's infamous 'bat woman' coronavirus scientist has denied reports circulating on social media that she attempted to defect from the Chinese regime.
Rumors had begun to spread across social media over the past 48 hours that Shi Zhengli had escaped from China, and brought hundreds of confidential documents to the U.S. embassy in Paris.
Shi, a renowned researcher of bat-derived coronaviruses, wrote on WeChat, a Chinese messaging service, on Saturday that she and her family had never fled the country and had no intention to do so.

Mitsubishi to finalize Bombardier regional jet deal on June 1 - Nikkei Asian Review

Mitsubishi Heavy Industries said Thursday that it will formally acquire Bombardier's regional jet program on June 1, nearly a year after the deal was first announced, but said it will likely write down the entire value of the acquisition.
Mitsubishi Heavy first announced it would acquire the Canadian Regional Jet, or CRJ, program on June 25 for $550 million (58.4 billion yen). The Japanese company now says it will write down the value of the acquisition in the current fiscal year, which ends March 2021 by an estimated 50 billion to 70 billion yen.
The acquisition nevertheless marks a critical milestone for Mitsubishi Heavy's own regional jet program, SpaceJet, which is set for release in Japan next year and in the U.S. in 2023.

Anheuser-Busch InBev Slides To Loss In Q1 - Quick Facts | Nasdaq

Anheuser-Busch InBev reported Thursday that its first-quarter loss attributable to equity holders was $2.25 billion or $1.13 per share, compared to restated net income of $3.57 billion or $1.80 per share in the previous-year quarter.
Normalized loss attributable to equity holders of the company was $845 million, compared to restated normalized profit of $2.40 billion last year.

Government puts brakes on £150m McLaren loan plea | Sky News

The owner of the McLaren F1 team has been snubbed by the government after requesting a £150m loan to steer it through the coronavirus pandemic.
Sky News has learnt that the Department for Business, Energy and Industrial Strategy (BEIS) informed the Surrey-based automotive group earlier this week that it was rejecting the funding plea.

Google ends plans for smart city in Toronto - BBC News

Google's sister firm Sidewalk Labs has scrapped a plan to build a smart city in Canada, citing complications caused by the Covid-19 pandemic... Chief executive Dan Doctoroff blamed "unprecedented economic uncertainty" for abandoning the plan.
The project had proved controversial and Sidewalk Labs had already been forced to scale back its ambitions.







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