Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Exclusive: TikTok owner ByteDance moves to shift power out of China – sources
By Yingzhi Yang, Echo Wang and Alexandra Alper BEIJING/NEW YORK/WASHINGTON (Reuters) - TikTok's poaching of Disney's Kevin Mayer to be its CEO was just the most visible part of a broader strategy by i...
May 28, 2020
Italy’s Intesa Sanpaolo to boost financing for Gucci supply chain
MILAN (Reuters) - Italy's biggest retail bank Intesa Sanpaolo has signed an accord with Gucci to ease financing for the small businesses that supply the Florentine luxury goods group owned by France's...
May 28, 2020
Home trading triggers bank ‘black hole’ surveillance alerts
By Huw Jones LONDON (Reuters) - Potential breaches of market rules have spiked since traders began working from home in March, drawing scrutiny from regulators and piling pressure on banks to plug "bl...
May 28, 2020
Germany supports struggling restaurants by slashing their VAT
BERLIN (Reuters) - Germany's parliament voted on Thursday to slash value-added tax on restaurant meals by more than half for a year to help them recoup devastating losses caused by the lockdown and so...
May 28, 2020
Exclusive: UK retailer Debenhams cuts ‘hundreds’ of head office staff – sources
LONDON (Reuters) - British department store group Debenhams has cut "hundreds" of head office jobs as it slims down its administrative functions to support a smaller business in the future, two people...
May 28, 2020
International tourism faces biggest slump since 1950s: UNWTO
BERLIN (Reuters) - International tourism is set to fall by 70% this year, marking the sector's biggest slump since records began in the 1950s, United Nations World Tourism Organization (UNWTO) Secreta...
May 28, 2020
S&P futures tread water as Sino-U.S. tensions weigh
By Medha Singh (Reuters) - Futures contracts for the S&P 500 were largely flat on Thursday as investors weighed hopes of an economic recovery against underlying tensions between the United States and ...
May 28, 2020
Let’s risk overdoing stimulus for searing COVID hit: BoE’s Saunders
LONDON (Reuters) - The Bank of England should risk pumping too much stimulus into Britain's economy rather than too little because of the "searing experience" of the coronavirus crisis which will leav...
May 28, 2020
Budget airlines put squeeze on airports in coronavirus cost drive
By Laurence Frost and Sarah Young PARIS/LONDON (Reuters) - European low-cost airlines are pressuring airports to slash charges in return for resuming flights, as the COVID-19 shutdown intensifies thei...
May 28, 2020
IKEA delays South America entry to 2022 as pandemic slows construction
STOCKHOLM (Reuters) - South America's first IKEA store will open in 2022 in Santiago, not next year as previously planned, after COVID-19 and initiatives to curb its spread slowed construction, the fu...
May 28, 2020
