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.
[Private Equity] After pumping in money into Reliance Jio, Abu Dhabi Investment Authority and Saudi Arabia’s Public Investment Fund are exploring the idea of purchasing a combined stake worth close to $2 billion.
Over60: Business Standard
[Aviation] Singapore Airlines Group will let go of nearly 4,300 jobs, which translates to almost a third of its workforce.
Over60: Economic Times
[Leadership] Citigroup has confirmed that Jane Fraser will succeed Mike Corbat as CEO, becoming the first significant wall street bank to appoint a female CEO.
[Markets] US markets marked an end to the tech sell-off on Wednesday with the Dow Jones Index jumping 500 points while NASDAQ was up by close to 300 points.
[Unemployment] 884,000 Americans filed for first-time unemployment benefit claims, bringing the total claim count to 60.1 million since the beginning of the Coronavirus crisis.