Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Switzerland’s service sector rebounds from coronavirus shutdown: PMI
By John Revill ZURICH (Reuters) - Switzerland's service sector is limping back to health after the coronavirus shutdown, a survey showed on Wednesday, although businesses remain cautious about the roa...
Jul 01, 2020
Top U.S. business executives urge Congress to pass bipartisan policing reform
(Reuters) - Top business executives in the United Sates are calling on the U.S. Congress to pass bipartisan policing reform before its August recess, in the wake of protests against police brutality a...
Jul 01, 2020
Michael Kors owner Capri forecasts 70% fall in current-quarter revenue
(Reuters) - Michael Kors owner Capri Holdings Ltd on Wednesday forecast a larger-than-expected 70% drop in current-quarter revenue and "significant" losses, as the COVID-19 pandemic hammers demand for...
Jul 01, 2020
Pinduoduo appoints Lei Chen as Chief Executive Officer
(Reuters) - Pinduoduo Inc appointed its technology head Lei Chen as its Chief Executive Officer on Wednesday, effective immediately. The China-based e-commerce company said its Chairman and former Chi...
Jul 01, 2020
U.S. to loan military hauler YRC Worldwide $700 million for nearly 30% stake
WASHINGTON (Reuters) - The U.S. Department of Treasury on Wednesday said it had agreed to loan YRC Worldwide inc $700 mln loan in exchange for a 29.6% equity stake in the transportation company, sayin...
Jul 01, 2020
Turkish official says VW suspends Turkey plant plans due to coronavirus
ANKARA (Reuters) - A Turkish official said on Wednesday that Volkswagen had suspended plans for a new plant in Turkey due to coronavirus uncertainty and that the company could reassess the matter once...
Jul 01, 2020
Senior UK lawmaker says: West should not do business with Huawei
LONDON (Reuters) - The chairman of the British parliament's foreign affairs committee said on Wednesday that the West should not be doing business with China's Huawei. "We need to be clear that compan...
Jul 01, 2020
ECB’s de Cos says German court ruling on debt buying won’t affect policy
MADRID (Reuters) - European Central Bank policymaker Pablo Hernandez de Cos said on Wednesday that a recent German court ruling regarding the implementation of the Public Sector Purchase Programme wou...
Jul 01, 2020
London’s Canary Wharf pioneers seamless Wi-Fi roaming
LONDON (Reuters) - Residents and workers in London's Canary Wharf will be able to experience superfast Wi-Fi broadband across the site without the hassle of logging into different networks thanks to t...
Jul 01, 2020
Japan tax revenues undershoot estimate after coronavirus crisis: sources
By Takaya Yamaguchi TOKYO (Reuters) - Japan's tax revenue undershot government estimates for the first time in two years in the fiscal year to last March as the coronavirus crisis dealt a heavy blow t...
Jul 01, 2020
