Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Deutsche cuts euro area 2021 GDP forecast; ups U.S., UK, India
LONDON (Reuters) - Deutsche Bank has slashed 2021 economic growth forecasts for the euro area by a whole percentage point, citing spillover of the ongoing pandemic-linked activity restrictions but it ...
Mar 16, 2021
French Industry Minister: AstraZeneca CEO is ‘on a hot seat’
PARIS (Reuters) - The chief executive of AstraZeneca - whose COVID-19 vaccine has been temporarily suspended in several European countries - is "on a hot seat and knows it", said French Industry Minis...
Mar 16, 2021
Nokia to cut up to 10,000 jobs over next two years
STOCKHOLM (Reuters) - Finnish telecoms group Nokia said on Tuesday it plans to cut between 5,000 and 10,000 jobs within the next two years to trim costs and invest more in research capabilities. The c...
Mar 16, 2021
Analysis: Moutai hangover highlights risks in China’s crowded stock bets
SHANGHAI (Reuters) - A collapse in China's blue-chip share prices has raised the ire of investors, angry at the way asset managers have crowded into a handful of large stocks and increased market vola...
Mar 16, 2021
Malaysia’s Top Glove charged with providing uncertified worker accommodation: state news agency
KUALA LUMPUR (Reuters) - Malaysian glove manufacturer Top Glove Corp Bhd has been charged with failing to provide worker accommodation meeting the minimum housing and amenities standards set out by th...
Mar 16, 2021
Brexit won’t mean lower capital for insurers, says Bank of England
LONDON (Reuters) - A review of rules for the insurance sector after Brexit will take time to complete, but it will not lead to any "radical departure" or a reduction in capital requirements, Bank of E...
Mar 16, 2021
ByteDance team to develop AI chips as China aims for self-reliance
By Yingzhi Yang and Tony Munroe BEIJING (Reuters) - Chinese TikTok-owner ByteDance is making plans to develop semiconductors, according to the company's job postings and a source familiar with the sit...
Mar 16, 2021
Invest $131 trillion in clean energy by 2050 to hit climate goals, agency says
By Matthew Green LONDON (Reuters) - Planned investment in clean energy must increase by 30% to a total of $131 trillion by 2050 to avert catastrophic climate change, with the need to massively scale u...
Mar 16, 2021
Anger simmers over Syria’s economic collapse, but Assad appears secure
By Suleiman Al-Khalidi AMMAN (Reuters) - In the back alleys of the old city of Damascus, Yaseen al-Obeid carries sacks of bricks to make some extra cash and supplement his monthly foreman's salary of ...
Mar 16, 2021
BOJ’s Kuroda stresses need to keep yield curve ‘stably low’
By Leika Kihara TOKYO (Reuters) - Bank of Japan Governor Haruhiko Kuroda said on Tuesday it was important to keep long-term interest rates "stably low" as the economy is still suffering from the impac...
Mar 16, 2021
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