Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
China needs first mover advantage in digital currency race: PBOC magazine
SHANGHAI (Reuters) - China needs to become the first nation to issue a digital currency in its push to internationalise the yuan and reduce its dependence on the global dollar payment system, a commen...
Sep 21, 2020
Spain faces unusual problem: how to spend billions in crisis funds
By Beln Carreo MADRID (Reuters) - After securing a generous portion of European Union recovery funds for the coronavirus crisis, Spain faces an unlikely problem -- how to make use of all the money, go...
Sep 21, 2020
Global GDP to reach pre-COVID-19 levels by mid-2021: Deutsche Bank
LONDON (Reuters) - World GDP will return to the level it was before COVID-19 by mid-2021 after a stronger-than-expected economic bounce in recent months, Deutsche Bank said on Monday, but bloated debt...
Sep 21, 2020
Swedish government promises $12 billion to kick-start economy in 2021 budget
STOCKHOLM (Reuters) - Sweden's government will pump 105 billion crowns ($12 billion) into the economy in 2021 in tax cuts and spending measures in a record give-away aimed at getting the economy back ...
Sep 21, 2020
Britain extends emergency funding for railways ahead of contract shake-up
LONDON (Reuters) - Britain extended emergency pandemic funding to keep its rail network moving, providing private train companies with less lucrative temporary contracts ahead of a shake-up of the way...
Sep 21, 2020
Tencent says WeChat will struggle to attract new U.S. users while White House, courts spar over ban
HONG KONG (Reuters) - Chinese social media leader Tencent Holdings Ltd has said its WeChat may not be able to win new users in the United States while the White House challenges a court ruling prevent...
Sep 21, 2020
China’s Didi, BYD to launch co-designed ride-hailing EV – source
By Yilei Sun and Brenda Goh BEIJING (Reuters) - China's ride-hailing giant Didi Chuxing and electric vehicle maker BYD plan to launch this year a test batch of a vehicle they have designed for ride-ha...
Sep 21, 2020
Nikola Corp’s Trevor Milton steps down as executive chairman
(Reuters) - U.S. electric-truck maker Nikola Corp said on Sunday its executive chairman Trevor Milton has stepped down. (Reporting by Rama Venkat in Bengaluru; Editing by Shounak Dasgupta)
Sep 21, 2020
Exclusive: Shell launches major cost-cutting drive to prepare for energy transition
By Ron Bousso LONDON (Reuters) - Royal Dutch Shell is looking to slash up to 40% off the cost of producing oil and gas in a major drive to save cash so it can overhaul its business and focus more on r...
Sep 21, 2020
France’s Iliad bids for Polish mobile phone operator Play
PARIS (Reuters) - French telecoms group Iliad said in a statement on Monday it was launching a bid for Polish mobile phone operator Play . Ilia said it would launch a public offer at 39 zlotys per sha...
Sep 21, 2020
