Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
UK to require employers to pay 20-30% of furloughed wage cost: The Times
LONDON (Reuters) - The United Kingdom has drawn up plans to require employers to cover 20% to 30% of furloughed employees' wages from August to reduce the vast burden of the coronavirus crisis on gove...
May 23, 2020
Japan’s SpaceJet maker closes overseas sites, mulls cuts at home amid coronavirus squeeze
(Reuters) - SpaceJet regional aircraft maker, Mitsubishi Aircraft, said it is closing overseas operations that employ hundreds of people and may cut staff at home after its parent company slashed the ...
May 22, 2020
Credit Suisse CEO expects mid-term headcount reduction in post-COVID adjustment: NZZ
ZURICH (Reuters) - Credit Suisse expects to get by with fewer staff in coming years as automation kicks off, Chief Executive Thomas Gottstein told Swiss newspaper NZZ, and as the bank positions itself...
May 22, 2020
Mexico’s Puebla state says restart of auto industry not yet possible
MEXICO CITY (Reuters) - The government of Mexico's Puebla state said on Friday that "conditions do not exist" to re-start activities in the automotive and construction industries, given the need to mi...
May 22, 2020
Kuehne+Nagel owner sees about 20,000 job cuts: Die Welt
ZURICH (Reuters) - Freight-forwarder Kuehne+Nagel may cut more than 20,000 jobs, with warehouse workers most affected, as the coronavirus-caused economic crisis hits shipping, controlling shareholder ...
May 22, 2020
Exclusive: U.S. accuses China of blocking U.S. flights, demands action
WASHINGTON (Reuters) - The U.S. Transportation Department late on Friday accused the Chinese government of making it impossible for U.S. air carriers to resume service to China and ordered Chinese air...
May 22, 2020
Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic
NEW YORK (Reuters) - The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business all but vanished during the coronavirus pandemic...
May 22, 2020
Large employers push back on U.S. healthcare mergers during coronavirus crisis
By Rebecca Spalding (Reuters) - A group representing some of the largest U.S. employers has asked Congress for a year-long ban on mergers and acquisitions among hospitals and doctors groups that recei...
May 22, 2020
U.S. grants tentative OK for 15 air carriers to suspend service to 75 airports
WASHINGTON (Reuters) - The U.S. Transportation Department said late Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus p...
May 22, 2020
Biofuel group urges U.S. government to reject retroactive waiver requests
By Stephanie Kelly NEW YORK (Reuters) - A U.S. biofuel trade group asked the Trump administration on Friday to deny requests from refiners seeking retroactive biofuel blending waivers after an Energy ...
May 22, 2020
