Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Coronavirus ‘Great Lockdown’ to shrink global economy by 3% in 2020: IMF
By David Lawder WASHINGTON (Reuters) - The global economy is expected to shrink by 3.0% during 2020 in a stunning coronavirus-driven collapse of activity that will mark the steepest downturn since the...
Apr 14, 2020
Global airline hit from coronavirus rises to $314 billion: IATA
PARIS/LONDON (Reuters) - Global airlines will lose $314 billion in revenue due to the coronavirus pandemic in 2020 according to a forecast from the industry's representative body IATA, which raised it...
Apr 14, 2020
Wells Fargo first-quarter profit decimated as coronavirus boosts provisions
(Reuters) - Wells Fargo & Co first-quarter profit plunged as it set aside billions of dollars to cover potential loan-losses from the coronavirus pandemic. Wells, the fourth-largest U.S. lender, said ...
Apr 14, 2020
Cisco offers big payment deferrals until 2021 as companies seek remote-work tools
By Paresh Dave OAKLAND, California (Reuters) - Cisco Systems Inc on Tuesday launched a $2.5 billion financing program that lets its customers defer 95% of payments until 2021, giving companies additio...
Apr 14, 2020
Idled day workers may slip though Turkey’s cash safety net
By Jonathan Spicer and Ece Toksabay ISTANBUL (Reuters) - Countless Turkish day workers risk falling through a financial safety net being set up to support those idled due to the coronavirus outbreak, ...
Apr 14, 2020
Barclays halts new job cuts during coronavirus crisis: memo
LONDON (Reuters) - Barclays has halted new job cuts while the coronavirus crisis is ongoing, the bank said in an internal memo seen by Reuters on Tuesday. The British lender also said it is offering a...
Apr 14, 2020
UK economy could shrink by 35% in April-June period: OBR
LONDON (Reuters) - Britain's economy could shrink by 35% in the April-June period because of the government's coronavirus shutdown but then bounce back quickly, the country's independent budget foreca...
Apr 14, 2020
Russian inflation to return to target faster than expected: central bank
MOSCOW (Reuters) - Inflation in Russia is expected to return to the central bank's 4% target faster than initially expected, the bank said in a report on Tuesday. Annual inflation, which in March stoo...
Apr 14, 2020
Spain seizes virus tests bound for returning Siemens Gamesa workers: union
By Isla Binnie MADRID (Reuters) - Spanish authorities have requisitioned 2,000 antibody tests procured by wind turbine maker Siemens Gamesa and intended to check whether employees have been infected w...
Apr 14, 2020
Ten U.S. states developing ‘reopening’ plans account for 38% of U.S. economy
By Ann Saphir SAN FRANCISCO (Reuters) - The ten U.S. states coordinating plans separately from the White House to reopen businesses shut by the coronavirus are responsible for an outsized proportion o...
Apr 14, 2020
