Welcome to another edition of Under60 Daily - a brief rundown of the top happenings in the business world, curated by hand to exclude the clutter and ensure you get up to speed in under a minute. [US Markets] Goldman Sachs economists lower US economy Q3 growth forecast to 25% from 33% citing an increase in coronavirus cases and lukewarm consumer spending.
Over60: Business Insider
[M&A] Uber agrees to buy Postmates for $2.65 Billion in a stock deal.
[China] Chinese Chip Maker SMIC set for $6.55 Billion stock offering on STAR Market in Shanghai, touted to be the world’s largest stock sale this year.
[UAE] UAE announces significant government restructuring to form more ‘agile’ government by merging ministries and digitizing government services, to overcome the impact of lower oil prices and the economic consequences of coronavirus-related lockdowns.
[UK] Nearly a dozen British universities at risk of bankruptcy due to COVID-19 pandemic.
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