Category Archives: (Sandbox Syndication Account) Business News (Master Feed)
UK economy might take years to recover from COVID hit-BoE’s Vlieghe
LONDON (Reuters) - Bank of England interest-rate setter Gertjan Vlieghe said there was a material risk that it could take several years for Britain's economy to return to full capacity after its coron...
Sep 02, 2020
Private sector taskforce to help scale up voluntary carbon markets
LONDON (Reuters) - U.N. Special Envoy for Climate Action Mark Carney launched on Wednesday a private sector taskforce to scale up voluntary carbon credit markets, which he says are vital if countries ...
Sep 02, 2020
Altice USA offers to buy Canada’s Cogeco in $8 billion deal
(Reuters) - Cable operator Altice USA Inc said on Wednesday it offered to buy Canadian cable company Cogeco Inc in a C$10.3 billion ($7.88 billion) deal. Altice said it entered into an arrangement to ...
Sep 02, 2020
Ford to cut 1,400 U.S. salaried jobs through buyouts by year end
DETROIT (Reuters) - Ford Motor Co said on Wednesday is targeting the elimination of 1,400 U.S. salaried jobs by year end as part of its ongoing, multiyear $11 billion restructuring. The layoffs will b...
Sep 02, 2020
Credit Suisse CEO says FINMA enforcement case was to be expected
ZURICH (Reuters) - An enforcement proceeding opened by Swiss financial watchdog FINMA against Credit Suisse over a spying scandal was to be expected, the bank's chief executive said on Wednesday. "It ...
Sep 02, 2020
Pandemic may help global deal on taxing digital giants: German finmin
BRUSSELS (Reuters) - The pressure from the COVID-19 pandemic on government finances might help bring about a stalled international agreement on how to tax digital giants like Google, Amazon , Facebook...
Sep 02, 2020
Commerzbank to drop EY as auditor from 2022 in wake of Wirecard scandal
FRANKFURT (Reuters) - Commerzbank said on Wednesday it would drop EY as its auditor from 2022 in the wake of the Wirecard accounting scandal. EY had signed off for years on the accounts of Wirecard , ...
Sep 02, 2020
IKEA stores owner Ingka plans 600 million euros in sustainability investment
STOCKHOLM (Reuters) - Ingka Group, the owner of most IKEA stores, plans 600 million euros ($712 million) in sustainability-related investments over the next 12 months as the world's biggest furniture ...
Sep 02, 2020
Germany’s Scholz: EU recovery prospects good, but worst might not be over
BRUSSELS (Reuters) - There are indications that the European economy will recover well from the pandemic-induced recession, but the worst might not be over yet, Germany's Finance Minister Olaf Scholz ...
Sep 02, 2020
India bans 118 mobile apps including Tencent’s PUBG
BENGALURU (Reuters) - India has banned another 118 mostly Chinese mobile apps including Tencent Holdings Ltd's popular videogame PUBG, citing data security concerns, according to a government statemen...
Sep 02, 2020
