Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
SAA administrators seek another rescue plan delay after unions object
JOHANNESBURG (Reuters) - Administrators at state-owned South African Airways (SAA) have asked creditors to delay the publication of a rescue plan for the cash-strapped airline until next week, after t...
Jun 08, 2020
Factbox: Who’s bidding to be next World Trade Organization chief?
GENEVA/BRUSSELS (Reuters) - The World Trade Organization (WTO) began the process on Monday of selecting a new director-general to replace Brazil's Roberto Azevedo, who is stepping down a year early at...
Jun 08, 2020
Galeries Lafayette’s Champs Elysees store struggles as group faces $1 billion hit: CEO
PARIS (Reuters) - Galeries Lafayette's [GALP.UL] new outlet on the Champs Elysees is struggling because people are staying away from the famous Paris boulevard due to COVID-19, according to its CEO, w...
Jun 08, 2020
UK luxury brand Mulberry to cut 25% of workforce
LONDON (Reuters) - British luxury brand Mulberry plans to cut its global workforce by about 25% as it seeks to reduce its cost base with demand hit by the coronavirus pandemic. Mulberry said that give...
Jun 08, 2020
Euro zone investor morale improves but road to normality is long: Sentix
BERLIN (Reuters) - Investor morale in the euro zone improved in June and an assessment of expectations rose to its highest level since November 2017 as the bloc "is waking up from its deep sleep", a s...
Jun 08, 2020
Thai Airways rehabilitation may take up to seven years, legal advisor says
BANGKOK (Reuters) - The rehabilitation of flag carrier Thai Airways International Pcl may take up to seven years, the airline's legal advisor said on Monday. After the bankruptcy court allows the reha...
Jun 08, 2020
Rhine water level rises but still too for normal shipping
HAMBURG (Reuters) - Water levels on the Rhine in Germany have risen after rain in the past week but are still too shallow for cargo vessels to sail fully loaded on northern sections of the river, trad...
Jun 08, 2020
HK residents rush for offshore bank accounts on China law worries: sources
By Clare Jim and Sumeet Chatterjee HONG KONG (Reuters) - Banks including HSBC, Standard Chartered and Citigroup have seen a spike in enquiries from Hong Kong residents about opening offshore accounts ...
Jun 08, 2020
Italy statistics bureau forecasts GDP to fall 8.3% in 2020 on coronavirus hit
ROME, (Reuters) - The Italian economy, brought to its knees by the coronavirus, will contract by around 8.3% this year, national statistics bureau ISTAT said on Monday. In its twice-yearly economic ou...
Jun 08, 2020
Hong Kong activist investor David Webb to step back for health reasons
By Alun John HONG KONG (Reuters) - Hong Kong activist investor David Webb has said he will step back from posting his widely read critiques of companies and the city's government after being diagnosed...
Jun 08, 2020
