Author Archives: Syndicated Content
Exclusive: BP to cut 15% of workforce – sources
By Shadia Nasralla and Ron Bousso LONDON (Reuters) - BP plans to cut about 15% of its workforce in response to the coronavirus crisis and as part of Chief Executive Bernard Looney's plan to shift the ...
Jun 08, 2020
Overfishing on the rise as global consumption climbs: U.N. agency
By Nigel Hunt LONDON (Reuters) - More than a third of the fish stocks around the world are being overfished and the problem is particularly acute in developing countries, the United Nations Food and A...
Jun 08, 2020
Spain’s economy could shrink by up to 21.8% in second quarter, Bank of Spain says
MADRID (Reuters) - Spain's economy could shrink by 16% to 21.8% in the second quarter against the previous quarter due to the COVID-19 pandemic, the Bank of Spain said on Monday as it charted various ...
Jun 08, 2020
Israel’s Mizrahi-Tefahot Bank names Moshe Lari as CEO
TEL AVIV (Reuters) - The board of Israel's Mizrahi-Tefahot Bank has chosen Moshe Lari, vice president and head of the bank's financial division, as its new chief executive. Lari is expected to take ov...
Jun 08, 2020
Dutch economy set to shrink at record pace in 2020: central bank
AMSTERDAM (Reuters) - The Dutch economy in 2020 is expected to shrink at the fastest rate recorded in peacetime as lockdowns have crippled production and exports and are set to send unemployment to th...
Jun 08, 2020
Stumbling angel? Mexico risks losing investment grade credit rating
By Stefanie Eschenbacher MEXICO CITY (Reuters) - Mexico is facing its deepest recession in decades and prominent investors believe it could soon follow state oil company Pemex in seeing its credit rat...
Jun 08, 2020
Le Pen’s far-right party reaches settlement on Russian bank debt: court
MOSCOW (Reuters) - The National Rally, a French far-right party led by Marine Le Pen, has reached a court settlement with a Russian firm over its outstanding debts on a loan it took out in 2014, court...
Jun 08, 2020
Turkish automotive production plunges 54% in May: association
ISTANBUL (Reuters) - Production in Turkey's automotive sector plunged 54% year-on-year in May, the Automotive Industry Association (OSD) said on Monday. In the January-May period, production dropped 3...
Jun 08, 2020
Futures rise on optimism over economic revival
By Devik Jain and Medha Singh (Reuters) - U.S. stock index futures rose on Monday as a surprisingly upbeat jobs report last week added to optimism that the world's biggest economy has weathered the wo...
Jun 08, 2020
Irish temporary COVID-19 jobless claims fall again
DUBLIN (Reuters) - The number of people claiming emergency coronavirus-related unemployment payments in Ireland fell for the fifth successive week, while the number of workers on a separate government...
Jun 08, 2020
