Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
For Hire: Central Europe’s business services firms spy a chance in crisis
By Michael Kahn, Anna Koper and Alan Charlish PRAGUE/WARSAW (Reuters) - As the COVID-19 pandemic wipes out jobs and empties offices across the world, companies in Central Europe that provide remote, l...
May 13, 2020
Virus hit on Europe’s corporate profits seen growing further
LONDON (Reuters) - Expectations for second- and third-quarter corporate profits have deteriorated in Europe, Refinitiv data showed on Wednesday, as fears grow over the extent of the recession triggere...
May 13, 2020
TUI to make big cost cuts, says holiday demand still high
LONDON (Reuters) - European travel company TUI said that it needed to implement a cost-cutting programme to enable it to survive in a market weakened by the coronavirus pandemic, adding that it was re...
May 13, 2020
Nissan plans $2.8 billion in cuts as part of restructuring plan: Bloomberg
TOKYO (Reuters) - Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it braces for a drop in sales that could c...
May 13, 2020
Mexico’s president revs up car industry, and wider economy
By Anthony Esposito, Daina Beth Solomon and Sharay Angulo MEXICO CITY (Reuters) - President Andres Manuel Lopez Obrador will lay out a roadmap on Wednesday for Mexico to re-open its economy, with a fo...
May 13, 2020
EBRD cuts 2020 GDP forecasts for Georgia, Armenia and Azerbaijan
By Margarita Antidze TBILISI (Reuters) - The European Bank for Reconstruction and Development (EBRD) has cut its 2020 economic growth forecasts for Armenia, Azerbaijan and Georgia as they are hit by t...
May 13, 2020
More than 300 lawmakers urge IMF, World Bank to cancel poor countries’ debt
By Andrea Shalal WASHINGTON (Reuters) - Over 300 lawmakers from around the world on Wednesday urged the International Monetary Fund and World Bank to cancel the debt of the poorest countries in respon...
May 13, 2020
EBRD cuts GDP forecast for the 37 countries in its region, sees 3.5% contraction
By Karin Strohecker LONDON (Reuters) - The European Bank for Reconstruction and Development (EBRD) drastically slashed its economic outlook for the 37 countries in its region on Wednesday, forecasting...
May 13, 2020
Intel Capital invests in Chinese chip companies amid tech tensions
SHANGHAI (Reuters) - Intel Capital, the venture arm of chipmaker Intel Corp , has invested in two Chinese startups in the semiconductor sector, the company announced on Wednesday, as part of its lates...
May 12, 2020
Mitsubishi halves SpaceJet development budget, reconsiders U.S. variant
(Reuters) - Mitsubishi Heavy Industries said it was halving the annual development budget for Japan's first regional jet in half a century, the M90 SpaceJet, as the coronavirus pandemic squeezes profi...
May 12, 2020
