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Airbnb hosts to provide free rooms for British health workers

Airbnb hosts will provide free rooms for workers in Britain’s National Health Service (NHS) to support their work during the coronavirus outbreak, the company said on Sunday.  Nearly 1,500 places to stay have been made available under the scheme amid a slump in bookings on the home rental start-up as travel restrictions and curbs on…

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Chanel turns its workshops to making face masks as coronavirus spreads

Luxury fashion group Chanel said on Sunday it would launch production of face masks to help bolster supplies in France, as the coronavirus sweeps across the country.  Prototypes were being worked on and would roll off production lines once they received the approval of French authorities.  “Today we are mobilizing our workforce and our partners…

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UK broadband providers lift data caps during coronavirus crisis

Britain’s big telecoms providers have agreed to remove all data caps on fixed-line broadband services that have become a lifeline for people isolated at home during the coronavirus crisis, the government said on Sunday.  The companies, which include BT (BT.L), Virgin Media (LBTYA.O), Sky (CMCSA.O) and TalkTalk (TALK.L), committed to support and protect vulnerable customers…

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China readies stimulus measures as local virus cases dwindle

China plans stronger steps to revive an economy hit by coronavirus, as the nation on Saturday reported no new locally transmitted infections for the previous day. The ruling Communist Party’s Politburo said on Friday it would step up macroeconomic policy adjustments and pursue more proactive fiscal policy, state media reported. With the world’s second-biggest economy…

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Singapore’s Vickers Venture raises $200 mln for new fund

Singapore-based Vickers Venture Partners said on Friday it has received commitments totalling $200 million so far for its latest fund, which has a target to raise $500 million.  Chairman Finian Tan told Reuters that it expects the fund, which hit its first close in October and has a portfolio of 11 companies, to perform as…

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