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Apr 20, 2020 at 10:42 pm ET

Coronavirus Misinformation Spreads on Facebook, Watchdog Says

Posts on Facebook are promoting bogus Covid-19 cures and conspiracy theories about the coronavirus, despite efforts by the social-media giant to crack down on misinformation, a watchdog group says.

28365365体育投注Sites with millions of Facebook followers have touted high doses of vitamin C and silver particles as able to cure the virus, according to NewsGuard, which tracks and rates news sites it says traffic in dubious information. Neither treatment has been scientifically proven to work. Other Facebook pages have spread the unproven theory that 5G wireless technology spreads the virus, NewsGuard said.

“In a majority of the false posts we reviewed, Facebook did not provide any warning, fact-checking language, or links to more credible sources—despite the platform’s recent promises to do so,” NewsGuard said in a report scheduled to be released Tuesday.

“We’ve removed hundreds of thousands of pieces of harmful misinformation and applied warning labels from independent fact-checkers to 40 million posts in the month of March alone,” a Facebook Inc. spokeswoman said. “We’re also distributing authoritative health information across our apps: So far we’ve directed over two billion people to resources from health authorities through our Covid-19 Information Center—with over 350 million people clicking through to learn more.”

Apr 20, 2020 at 10:20 pm ET

U.S. Treasury Sends Airlines Coronavirus-Related Aid

The U.S. Treasury Department sent $2.9 billion in aid to airlines Monday, the first payments the government has made as part of a grant and loan program to help the industry.

The Treasury said it sent the payments to two large airlines and 54 smaller passenger carriers, and would continue to disburse funds on a rolling basis. It didn’t identify the airlines.

It also said that it had completed agreements with six large companies: American Airlines Group, Delta Air Lines, United Airlines Holdings, Southwest Airlines, Spirit Airlines and Allegiant Air.

Apr 20, 2020 at 8:35 pm ET

Virgin Australia Enters Bankruptcy Amid Coronavirus Woes

Australia’s second biggest airline, Virgin Australia Holdings, is entering voluntary administration, one of the first big airlines to seek bankruptcy protection.

The airline’s move comes after it failed to secure the required financial assistance from state and federal governments in Australia. It appointed members of Deloitte to serve as voluntary administrators, and hopes to recapitalize the business and emerge in a stronger financial position.

“We have commenced a process of seeking interest from parties for participation in the recapitalization of the business and its future, and there have been several expressions of interest so far,” said administrator Vaughan Strawbridge.

Virgin Australia has more than 10,000 employees and has a roughly 31% market share on domestic routes.

Apr 20, 2020 at 8:25 pm ET

The Latest Coronavirus News We're Reading

Apr 20, 2020 at 8:05 pm ET

SAP Drops Co-CEO Structure to Simplify Leadership During Coronavirus Pandemic

German business-software giant SAP has abandoned its dual-chief-executive structure, as the company seeks to simplify its leadership structure amid the coronavirus pandemic.

28365365体育投注SAP said Co-CEO Jennifer Morgan, 48 years old, would leave the company on April 30 and Christian Klein, 39, would stay on as sole CEO, SAP said.

“More than ever, the current environment requires companies to take swift, determined action which is best supported by a very clear leadership structure,” SAP said in a statement. “Therefore, the decision to transfer from Co-CEO to sole CEO model was taken earlier than planned to ensure strong, unambiguous steering in times of an unprecedented crisis.”