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Reuters: Business News

U.S. Chamber urges China to accelerate purchases of 2020-06-18 08:53:29The U.S. Chamber of Commerce on Thursday underscored the importance of functional U.S.-China ties and urged Beijing to step up its purchases of U.S. g

Chanel warns virus impact will linger on luxury 2020-06-18 08:50:34The luxury industry will feel the fallout from the coronavirus crisis for the next two years if not longer, Chanel's chief financial officer said on

Oil prices tick up as drop in U.S. 2020-06-18 08:48:56Oil prices ticked up on Thursday after U.S. oil product stocks shrank, providing bulls with ammunition ahead of a meeting between OPEC producers and t

KKR buys vacation parks firm Roompot in $1.1 2020-06-18 08:47:56U.S. private equity firm KKR said on Thursday it had reached an agreement to buy Dutch vacation parks firm Roompot from French private equity firm PA

U.S. weekly jobless claims remain high as second 2020-06-18 08:38:50A second wave of layoffs amid weak demand and fractured supply chains is keeping new U.S. applications for unemployment benefits elevated, supporting

Kroger expects to top 2020 outlook, beats estimates 2020-06-18 08:27:11Kroger Co said it expects to exceed its 2020 outlook for same-store sales and profit after beating Wall Street expectations for quarterly results on

Exclusive: EU in advanced talks with Johnson & 2020-06-18 08:25:28The European Commission is in advanced talks with pharmaceutical giant Johnson & Johnson to reserve or buy up-front doses of its COVID-19 vaccine

World stocks drift lower as second wave virus 2020-06-18 08:23:27Global stocks drifted lower on Thursday as an increase in new coronavirus cases in some U.S. states and China crushed hopes of a swift world economic

Wells Fargo investment adviser to sell feeder fund 2020-06-18 08:09:05Wells Fargo & Co said on Thursday its investment adviser Wells Fargo Investment Institute will sell its feeder fund platform to fintech firm iCap

Dollar and yen supported by fears of new 2020-06-18 07:52:27The U.S. dollar and Japanese yen held their positions on Thursday as concerns about a rise in new coronavirus cases underpinned demand for safe-haven

Mother's Day sales uptick doesn't cover coronavirus downturn, 2020-06-18 07:32:13Mother's Day during the coronavirus pandemic meant an uptick in sales for Lee's Flower and Card Shop in Washington, D.C.

Exclusive: Who's in charge at Nissan? COO's allies 2020-06-18 07:27:30Nissan's chief operating officer Ashwani Gupta helped engineer the troubled automaker's latest turnaround plan. Now his allies are pressing the boar

BBC News - Business

Coronavirus: Rishi Sunak to unveil 'kickstart jobs scheme' 2020-07-07 23:33:41The £2bn pledge for the young unemployed will be part of the chancellor's proposals outlined on Wednesday.

‘Our gyms abroad are helping us through lockdown’ 2020-07-07 19:08:13Gym operator PureGym says its foreign fitness centres "are helping us to survive the UK’s lockdown”.

'Rishi Sunak: We need help with rent, money 2020-07-07 19:04:31Under-30s have been hardest hit by the lockdown, what do they want from the chancellor's summer update?

Coronavirus: How are other economies dealing with the 2020-07-07 19:03:59As the UK chancellor gives his latest update, how are other economies tackling the coronavirus slowdown?

Levi's cuts 700 jobs due to falling sales 2020-07-07 18:07:34The firm warned economic damage from the pandemic was likely to continue to the end of the year.

Coronavirus: Moguls and lobbyists get millions in government 2020-07-07 16:07:32Kanye West's apparel brand, Jared Kushner's family and Donald Trump's lawyer were among the recipients.

Citizens advice takes redundancy calls every two minutes 2020-07-07 14:58:01Millions of people are now calling the charity's national hotline seeking redundancy advice.

Boohoo dropped by Next, Asos and Zalando over 2020-07-07 14:27:21Three major online retailers have dropped Boohoo over allegations of low pay and unsafe conditions.

DHL to cut 2,200 jobs at Jaguar Land 2020-07-07 13:06:18DHL Supply Chain will cut about 40% of its workforce at car plants in the Midlands and North West.

Deutsche Bank faces $150m fine for Jeffrey Epstein 2020-07-07 10:51:56New York regulators cited "significant compliance failures" at the German bank.

Microsoft and Zoom join Hong Kong data 'pause' 2020-07-07 07:49:53Firms join others in saying they are not currently complying with government requests for user data.

Eurozone recession 'will be deeper than forecast' 2020-07-07 07:29:32France, Italy and Spain will be hit particularly hard by the Covid-19 pandemic, the EC says

Business

The advertising business is becoming less cyclical—and more 2020-06-26 20:00:00As ever more marketing drifts online, the digital giants’ conquest of adland looks unstoppable

Why covid-19 is good for Bordeaux wines 2020-06-26 20:00:00A handy pretext to discount overpriced vintages

Why Apple’s developers are cross 2020-06-26 20:00:00The iPhone-maker may be tempted to squeeze third-party apps further

Mid-year motivational magic 2020-06-26 20:00:00Buck Passer, cheerleader extraordinaire, updates his colleagues

Oil companies’ diversification into petrochemicals may not go 2020-06-26 20:00:00Investment in plastics may prove too much of a good thing for the oil industry

Live-streaming will change rock ’n’ roll for the 2020-06-26 20:00:00How to raise live music from the dead

Catering groups are going through lean times 2020-06-25 11:00:59The pandemic has stripped customers from companies that keep workers and students fed

How slow times in the luxury world will 2020-06-19 20:00:00Posh purveyors are having to rethink their business model in a hurry

Why corporate disputes in China still revolve around 2020-06-19 20:00:00Who controls the chop controls the company

Will Silicon Valley face up to its diversity 2020-06-19 20:00:00The tech industry’s response to the killing of George Floyd has been stronger even than in other parts of the economy

No end in sight for Samsung’s legal troubles 2020-06-19 20:00:00South Korea’s biggest conglomerate faces more scrutiny from prosecutors—and the public

Waging war on recessions 2020-06-19 20:00:00An early analysis of furlough schemes

Economy

Treasury decides to stick with July 15 tax 2020-06-29 20:18:04An extension would give taxpayers until Oct. 15 to file their returns, though they would still have to pay what they owe by July 15.

Top White House economist set to depart amid 2020-06-24 16:26:26The acting chair of the CEA will leave Trump without another senior economist as discussions start about a new economic aid package.

‘It’s going to be a slow slog’: Economists 2020-06-18 13:57:07“We have a long road ahead of us to get those people back to work," Jerome Powell said earlier this week.

Powell's warning on pandemic clashes with Trump's upbeat 2020-06-16 15:50:01“Significant uncertainty remains about the timing and strength of the recovery,” Powell said.

Kudlow says $600 additional unemployment checks will end 2020-06-14 12:21:10He said that “almost all businesses” understand the $600 additional benefit is “a disincentive.”

Fed sees need for more small business aid, 2020-06-12 11:35:16The central bank signaled that it would keep interest rates low through 2022.

Dow sinks 1,800 as virus cases rise, deflating 2020-06-11 13:15:00The S&P 500 was down 5.4%.

Fed's dire outlook: GDP seen shrinking by 6.5 2020-06-10 14:37:07The country's unemployment rate will drop to 9.3 percent by the end of the year, according to the Fed's forecasts.

Social distancing will suppress recovery despite emergency aid, 2020-06-09 18:59:55States grappling with budget shortfalls are slowly reopening and lifting stay-at-home orders.

Fed's Powell walks tightrope as economy faces new 2020-06-09 18:13:12The Fed chief will likely keep up his persistent advice to Congress to spend more to spur a meaningful recovery.

U.S. entered recession in February, ending record expansion 2020-06-08 13:52:08The National Bureau of Economic Research made the designation official on Monday.


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