Future Retail said on Monday it was examining an order by an arbitration panel to put on hold its $3.38 billion asset sale to Reliance Industries, and would take steps in enforcement proceedings to close the deal without delay. Shares in Future Retail were down 3.2% by 0630 GMT, while Reliance's stock fell 2.4%, weighing on the broader Mumbai market. Amazon.com Inc received an emergency order from a Singapore arbitration panel to halt the two Indian companies from proceeding with the deal until an arbitration tribunal is formed, a source with direct knowledge of the matter told Reuters. Read More...
Reuters
France may be experiencing 100,000 new COVID cases per day – government medical advisor
France may be experiencing 100,000 new COVID-19 cases per day – two times more than the latest figures – Professor Jean-François Delfraissy, who heads the scientific council that advises the government on the pandemic, told RTL radio on Monday. France registered a record 52,010 new confirmed coronavirus infections over the past 24 hours, the health ministry said in a statement on Sunday, as a second wave of cases surges through Europe. The new cases took the French total to 1,138,507, with France now ahead of Argentina and Spain to register the world’s fifth highest number of cases after the United States, India, Brazil and Russia.
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