Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Exclusive: Wall Street firm dangled up to 175% returns to investors using U.S. aid programs
By Lawrence Delevingne BOSTON (Reuters) - A New York investment firm pitched wealthy investors in recent days on a way to make returns of 22% to 175% using U.S. government programs designed to help Am...
Apr 09, 2020
Tesla’s China sales hit record high in March: industry association
BEIJING (Reuters) - Tesla Inc sold 10,160 vehicles in China in March, its highest ever monthly sales in the world's largest auto market, the China Passenger Car Association (CPCA) said on Thursday. Te...
Apr 09, 2020
European companies ditch dividends to save cash
(Reuters) - European companies are scrapping dividends to maintain cash and comply with regulations in response to the financial havoc caused by the spread of the new coronavirus. Companies have been ...
Apr 09, 2020
Dubai tells government agencies to slash spending, freeze hiring over coronavirus
DUBAI (Reuters) - Dubai's department of finance has told all government agencies to slash capital expenditure by at least half, cut administrative and general expenses by at least 20% and halt new hir...
Apr 09, 2020
UBS CEO: executives to contribute half of fixed salaries to virus fight
ZURICH (Reuters) - UBS senior executives will contribute 50% of their fixed salaries over the next six months to efforts to fight the new coronavirus epidemic, Chief Executive Sergio Ermotti said on B...
Apr 09, 2020
Coronavirus lockdown drives jump in vodka and whisky sales in Russia
By Anton Zverev and Olga Popova MOSCOW (Reuters) - Russian retailers have seen a sharp spike in alcohol sales in recent weeks, with consumers rushing to buy vodka, whisky and beer at a time when Mosco...
Apr 09, 2020
From custard tarts to berry fields, Portuguese firms struggle under coronavirus
By Victoria Waldersee and Catarina Demony LISBON(Reuters) - It might be a while before Lisbon's most famous custard tart shop is packed with customers again. Pasteis de Belem has been baking the cream...
Apr 09, 2020
Nearly one in three UK firms reduced staff levels as coronavirus hit: ONS
LONDON (Reuters) - Twenty-nine percent of British companies reduced staff levels over the short term as the coronavirus crisis hammered the country's economy, a survey published by the Office for Nati...
Apr 09, 2020
Number of people on Germany’s short-time work seen rising higher than in 2009
BERLIN (Reuters) - Some 650,000 companies had applied for short-time work in Germany by April 6 and the number of people on the scheme due to coronavirus is likely to be much higher than during the gl...
Apr 09, 2020
China’s auto market to recover despite virus impact: officials
BEIJING (Reuters) - China's auto market, the world's biggest, will gradually recover and remain stable for a long period of time despite short term pressure from the coronavirus epidemic, officials sa...
Apr 09, 2020
Now Playing
101 WIXX | Your Hit Music Station
