Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
IEA says oil demand recovery set to slow for rest of 2020
LONDON (Reuters) - The International Energy Agency (IEA) trimmed its 2020 oil demand forecast on Tuesday, citing caution about the pace of economic recovery from the pandemic. The Paris-based IEA cut ...
Sep 15, 2020
European stocks flat as focus shifts to c.bank meetings, H&M surges
(Reuters) - European stocks struggled for direction on Tuesday, with banking shares declining ahead of the U.S. and UK central bank meetings this week, while Sweden's H&M surged after reporting a bett...
Sep 15, 2020
British home working drives 5.3% August grocery sales growth: Nielsen
LONDON (Reuters) - British grocery sales rose by 5.3% year-on-year in the four weeks to Sept. 5, boosted by households working from home during the coronavirus pandemic, industry data on Tuesday showe...
Sep 15, 2020
German hospitality industry still far below pre-crisis revenues
BERLIN (Reuters) - The German hotel and restaurant industry in July further recovered from its slump caused by the coronavirus pandemic, but sales were still down more than a quarter when compared to ...
Sep 15, 2020
UK’s Domino’s Pizza to create 5,000 new jobs
(Reuters) - Domino's Pizza Group said on Tuesday it was creating 5,000 new jobs in the UK, including chefs and delivery drivers, on top of the 6,000 jobs it had created since the start of the coronavi...
Sep 15, 2020
H&M reports preliminary June-August profit of around 2 billion SEK
STOCKHOLM (Reuters) - Sweden's H&M , the world's second-biggest fashion retailer, on Tuesday reported a preliminary third quarter profit before tax of around 2 billion crowns ($229 million). H&M said ...
Sep 15, 2020
UK jobless rate rises for first time since COVID-19 lockdown
LONDON (Reuters) - Britain's unemployment rate rose for the first time since the coronavirus lockdown began in March, official data showed on Tuesday. The unemployment rate increased to 4.1% in the th...
Sep 15, 2020
China’s domestic travel revenue likely to halve to $394 billion in 2020: report
BEIJING (Reuters) - China's domestic tourism revenue is expected to fall by 52% to 2.76 trillion yuan ($394 billion) in 2020, according to a report by the China Tourism Academy, as the industry contin...
Sep 15, 2020
Fee bonanza on China’s STAR Market IPOs passes by Western banks
By Scott Murdoch and Samuel Shen HONG KONG (Reuters) - A fee bonanza on China's Nasdaq-style STAR Market, which is set to surge with Ant Group's mega-listing, is passing Western banks by due to their ...
Sep 15, 2020
ByteDance’s Chinese version of TikTok hits 600 million daily users
By Yingzhi Yang and Brenda Goh BEIJING (Reuters) - Douyin, the Chinese version of short video app TikTok, hit 600 million daily active users in August, an executive with parent company ByteDance said ...
Sep 15, 2020
