U.S. Covid-Testing Plan Aims to Open New York-London Travel by Holidays

U.S. officials are aiming to open travel between New York City and London with shortened traveler quarantine periods as soon as the holidays, according to people familiar with the matter.

The growing availability of Covid-19 tests in the U.S. has prompted officials at the Transportation Department, Department of Homeland Security and other agencies to revive efforts to establish safe travel corridors between the U.S. and international destinations, the people said. Establishing those routes would require travelers to be tested for Covid-19 before their flight and again upon arrival, allowing them to avoid lengthy quarantines at their destinations.

The Trump administration and foreign governments must both agree to the plan, according to one U.S. official familiar with the efforts. A Homeland Security official said the agency’s work to “safely encourage trans-Atlantic travel while mitigating public-health risks” was in its early stages.

Federal officials have recently focused their talks with their U.K.

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Fed’s Kashkari aims for Beige Book that looks beyond business

FILE PHOTO: President of the Federal Reserve Bank on Minneapolis Neel Kashkari speaks during an interview in New York, U.S., March 29, 2019. REUTERS/Shannon Stapleton

(Reuters) – If Minneapolis Federal Reserve President Neel Kashkari gets his way, the U.S. central bank may soon be getting a more frequent earful from what he sees as an overlooked community: workers.

Kashkari on Wednesday said he is working with the staff of his bank to retool how they contribute to the Beige Book, the pulse-taking economic survey the 12 regional banks in the Federal Reserve system conduct ahead of the eight scheduled policy-setting meetings each year.

In Kashkari’s view, the voice of business is over-represented in Fed policy deliberations, he said during a virtual conference hosted by the Minneapolis Fed. One of the contributors to that is that the Beige Book features economic anecdotes collected almost exclusively from business contacts across each bank’s

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Carousell aims for profitability in 3 to 4 years, potential exit after

The Carousell application is displayed on a smartphone in an arranged photograph in Singapore.

Ore Huiying | Bloomberg | Getty Images

SINGAPORE — Online classifieds business Carousell is on its way to becoming one of Southeast Asia’s next unicorns — start-ups with a valuation over $1 billion — but co-founder and CEO Quek Siu Rui told CNBC the company is focused on becoming profitable over the next three-to-four years. 

Carousell last month said it received an investment amounting to $80 million from a consortium led by South Korean tech company Naver, the creator of messaging app Line. Other investors in the consortium included Mirae Asset-Naver Asia Growth Fund and NH Investment & Securities. That pushed Carousell’s valuation above $900 million. 

Regulatory filings and media reports indicated that only a portion of the investment involved the issuing of new shares. Some of Carousell’s existing shareholders including Golden Gate Ventures, Sequoia Capital

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How Mastercard aims to deliver ‘Priceless Moments’ with IPL 2020

Over the years, we have been seeing quite a few brands leveraging the IPL to their advantage. Along with a spate of new brands flocking the sporting extravaganza this year, credit card major Mastercard has continued its aggressive partnership with the property as they have been doing over the years. The results for this year’s IPL campaigns featuring MS Dhoni have been a thumping success, show the visibility numbers.

This year too, Mastercard is betting big on IPL continuing its association with brand ambassador Dhoni and Chennai Super Kings (CSK). Manasi Narasimhan, VP, Marketing & Communications, South Asia, Mastercard, says the company’s approach this year is to promote the idea of ‘Priceless Moments’ through the tournament. 

Opening up on why Mastercard is an important property for the brand to partner, she said IPL is an exciting format and it delivers edge of the seat entertainment almost through the match. “We

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