Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Czech airline Smartwings could axe 600 staff
PRAGUE (Reuters) - Smartwings Group, which includes flagship carrier Czech Airlines, could cut up to 600 jobs by February 2021 because of the coronavirus crisis, it said on Monday. The carrier, which ...
Jun 29, 2020
Turkish inflation seen rising above 12% in June – Reuters Poll
By Ali Kucukgocmen ISTANBUL (Reuters) - Turkey's consumer price index is expected to rise above 12% in June from 11.4% the month before, a Reuters poll showed on Monday, after the central bank cited u...
Jun 29, 2020
Wirecard collapse leads to call for German parliamentary inquiry
By Andreas Rinke and Neil Jerome Morales BERLIN/MANILA (Reuters) - Germany's opposition called on Monday for a parliamentary inquiry into the collapse of payments firm Wirecard after a global fraud th...
Jun 29, 2020
BlackRock sees big risk of U.S. easing pandemic support too soon
LONDON (Reuters) - There is a significant risk that the policy response to the coronavirus crisis in the United States could be scaled back too soon, BlackRock Investment Institute's global chief inve...
Jun 29, 2020
Lebanese banks raise USD withdrawal rate to 3,850 pounds/dollar
BEIRUT (Reuters) - Lebanese banks raised the exchange rate to 3,850 pounds per dollar for withdrawals from U.S. dollar accounts, bankers said on Monday, as a liquidity crunch erodes the currency's val...
Jun 29, 2020
Bankrupt Chesapeake plans to cut drilling further this year
(Reuters) - Bankrupt Chesapeake Energy on Monday laid out its long-term plan and said it would operate just around half the number of active rigs through the second half of the year than it did in the...
Jun 29, 2020
Amazon to pay $500 million in one-time bonuses to front-line workers
(Reuters) - Amazon.com Inc said on Monday it would spend $500 million on one-time bonuses to its front-line employees and partners working through the coronavirus crisis. Employees and partners who ha...
Jun 29, 2020
‘On our knees’: Kenya’s tourism revenue collapses
By George Obulutsa NAIROBI (Reuters) - Kenya has lost 80 billion shillings ($752 million) so far in tourism revenue, about half of last year's total, due to the coronavirus crisis, its tourism ministe...
Jun 29, 2020
Riksbank seen holding benchmark rate, QE extension possible soon
STOCKHOLM (Reuters) - Sweden's central bank will keep its benchmark rate unchanged, but could expand its balance sheet again at this week's meeting amid uncertainty about how quickly the economy will ...
Jun 29, 2020
U.S. pending home sales jump a record 44.3% in May
WASHINGTON (Reuters) - Contracts to buy U.S. previously owned homes rebounded by the most on record in May, suggesting the housing market was starting to turn around after being hammered by the COVID-...
Jun 29, 2020
