Bezos, Musk among billionaires gaining net worth in pandemic: report

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FILE PHOTO: Amazon founder and CEO Jeff Bezos laughs as he talks to the media while touring the new Amazon Spheres during the grand opening at Amazon’s Seattle headquarters in Seattle, Washington, U.S., January 29, 2018. REUTERS/Lindsey Wasson

(Reuters) – The combined wealth of America’s billionaires, including Amazon.com (AMZN.O) Inc founder Jeff Bezos and Tesla Inc (TSLA.O) chief Elon Musk, increased nearly 10% during the ongoing COVID-19 pandemic, according to a report published by the Institute for Policy Studies (IPS).

The wealth surge of America’s richest men happened during a period that saw as many as

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Coronavirus cases spike among Singapore migrant workers

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Foreign workers exercise on the balcony of their dormitory rooms on April 21, 2020 in Singapore. Singapore is now battling to control a huge outbreak in the coronavirus local transmission cases among the migrant workers.

Suhaimi Abdullah | Getty Images

Previously a poster child for its efficient handling of the coronavirus spread, Singapore is now back in the spotlight as it struggles to contain a new outbreak among a section of its population — migrant workers. 

Singapore had stepped up measures in the past three weeks, including closing schools and non-essential workplaces, in what has been termed a “circuit breaker.”

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Apollo, Oaktree, BGH among those circling Virgin Australia: sources

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SYDNEY/HONG KONG (Reuters) – Private equity and distressed situation specialists Apollo Global Management, Oaktree Capital Management and BGH Capital are among those that have expressed interest in restructuring Virgin Australia Holdings Ltd (VAH.AX), five sources said.

FILE PHOTO: Aircraft from Australia’s second largest airline, Virgin Australia, sit on the tarmac at the domestic terminal of Sydney Airport in Australia, August 19, 2018. REUTERS/David Gray/File Photo

Virgin on Tuesday entered voluntary administration in an attempt to restructure its crippling A$5 billion ($3.2 billion) debt load as it struggles with a lack of demand due to the coronavirus pandemic, making

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Costco, P&G, J&J among few to hike dividend during coronavirus crisis

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(Reuters) – Warehouse operator Costco Wholesale Corp (COST.O) on Wednesday raised its quarterly dividend by about 8%, joining a small but growing list of companies to do so at a time when most of corporate America is suspending shareholders returns in order to shore up liquidity as the coronavirus crisis deepens.

FILE PHOTO: Johnson & Johnson products stand on a shelf in a store in New York U.S., July 16, 2018. REUTERS/Lucas Jackson/File Photo GLOBAL BUSINESS WEEK AHEAD

Healthcare conglomerate Johnson & Johnson (JNJ.N) and consumer goods company Procter & Gamble (PG.N) also raised

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