Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
BBC appoints Tim Davie as new boss to negotiate future finance model
LONDON (Reuters) - Tim Davie was appointed the new head of the BBC on Friday, tasked with securing the future direction and financing of the publicly funded British broadcaster in the wake of governme...
Jun 05, 2020
Bombardier to cut 2,500 aviation jobs as COVID-19 hurts sales
(Reuters) - Canadian business jet maker Bombardier Inc said on Friday it would reduce its aviation unit workforce by about 2,500 employees, as the COVID-19 pandemic hurts sales. "Now with business jet...
Jun 05, 2020
Volkswagen AG expands executive committee of supervisory board
BERLIN (Reuters) - German car maker Volkswagen AG said on Friday that it had added two members to the executive committee of its supervisory board. The new members are Hans Michel Piech, who is indire...
Jun 05, 2020
Allianz in talks for China insurance asset management licence
FRANKFURT/HONG KONG (Reuters) - Allianz is in talks with Chinese regulators for a licence as the German insurer looks to eventually offer broad asset management services in the world's second-largest ...
Jun 05, 2020
Bank of America sees 10% further upside for European equities by third-quarter
LONDON (Reuters) - European stocks are likely to rise another 10% by the end of September as the re-opening of economies after virus lockdowns is likely to lead to a significant pick-up in business ac...
Jun 05, 2020
Singapore heading for record unemployment in 2020: finance minister
SINGAPORE (Reuters) - Singapore's finance minister said its unemployment rate could rise to a record of over 100,000 in 2020 due to fallout from the COVID-19 pandemic. Singapore's highest annual avera...
Jun 05, 2020
British Airways parent company considering legal challenge to UK quarantine rules
LONDON (Reuters) - British Airways parent company IAG said it is considering launching a legal challenge against the UK government's 14-day quarantine rule for incoming travellers. Willie Walsh, the c...
Jun 05, 2020
Malaysia unveils extra $8 billion economic stimulus package
KUALA LUMPUR (Reuters) - Malaysia's prime minister unveiled an additional economic stimulus package worth 35 billion ringgit ($8.22 billion) on Friday in a bid to revitalise industries badly hit by th...
Jun 05, 2020
ECB still needs to underpin ‘fragile’ markets, Lane says
FRANKFURT (Reuters) - The European Central Bank still needs to underpin "fragile" financial markets despite a substantial rebound since March, the ECB's chief economist Philip Lane said on Friday, a d...
Jun 05, 2020
Once targeted by officials, street vendors make unexpected comeback in China
By Lusha Zhang and Ryan Woo BEIJING (Reuters) - Three weeks ago, Beijing authorities swooped in on Shan Peng and her makeshift street stall, seizing her merchandise - yogurt and casual pants - and eve...
Jun 05, 2020
