Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Deutsche Bank sees UK GDP shrinking 6.5% in 2020; warns of downside risk
(Reuters) - Deutsche Bank said on Monday it expected Britain's economy to shrink 6.5% in 2020 in what it suggested could be the biggest recession for a century. The bank said the economy had likely co...
Apr 06, 2020
Alaska air carrier RavnAir files for bankruptcy as U.S. Treasury mulls grants
By David Shepardson WASHINGTON (Reuters) - RavnAir Group, the largest regional carrier in Alaska, filed for bankruptcy Sunday and grounded all of its 72 planes as it waits on a decision from U.S. Trea...
Apr 06, 2020
Michael Kors owner Capri furloughs all North America store staff
(Reuters) - Michael Kors owner Capri Holdings Ltd said on Monday it would furlough all its 7,000 employees in North America amid the coronavirus pandemic, as it expects to open its stores only after J...
Apr 06, 2020
Your Money: Freelancers have ‘perfect storm’ of anxiety because of COVID-19
By Chris Taylor NEW YORK(Reuters) - The crisis posed by COVID-19 is worrisome enough for full-time employees. Imagine life as a freelancer. Your income can vary wildly from month to month and is likel...
Apr 06, 2020
With small businesses suffering, Putin faces criticism over shutdown
By Tom Balmforth and Anton Zverev MOSCOW (Reuters) - Left with no income because of the coronavirus lockdown, Dmitry Volodin, the co-owner of several bars in Moscow, says he's getting inadequate gover...
Apr 06, 2020
Luckin Coffee chairman defaults on loan, surrenders company shares
By Julie Zhu, Jennifer Hughes and Joshua Franklin HONG KONG/NEW YORK (Reuters) - Luckin Coffee Chairman Charles Zhengyao Lu and Chief Executive Jenny Zhiya Qian have handed over shares in the embattle...
Apr 06, 2020
EU imposes tariffs on glass fibre from China, Egypt over dumping
BRUSSELS (Reuters) - The European Union will impose tariffs of up to 99.7% on glass fibre producers in China and Egypt that it accuses of selling at unfairly low prices, in a closely watched and rare ...
Apr 06, 2020
U.S. consumers fear for jobs, debt payments because of coronavirus: New York Fed survey
(Reuters) - The economic toll of the coronavirus pandemic hit home for Americans last month, as consumers braced for job losses, anticipated spending cuts and grew more pessimistic about their ability...
Apr 06, 2020
White House considering U.S. Treasury coronavirus bond: Kudlow
WASHINGTON (Reuters) - White House advisers have been discussing the possibility of a coronavirus-related U.S. Treasury bond, President Donald Trump's economic adviser Larry Kudlow said on Monday. Kud...
Apr 06, 2020
Florida, Nevada may be hit hardest by coronavirus economic shock: study
By Howard Schneider WASHINGTON (Reuters) - Florida beaches remained packed with partying college students as the coronavirus crisis gathered force, and the Republican governor was slow to impose socia...
Apr 06, 2020
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