Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
UK car sector slashes 2020 sales forecast by 23% due to coronavirus
LONDON (Reuters) - A group representing Britain's car industry cut its sales forecast for this year by 23% to 1.73 million vehicles because of the impact of the coronavirus crisis. The figure represen...
Apr 06, 2020
Dubai’s Emaar suspends construction projects due to virus – sources
By Hadeel Al Sayegh and Alexander Cornwell DUBAI (Reuters) - Emaar Properties , the largest listed developer in the United Arab Emirates, has suspended work on major projects in Dubai, sources familia...
Apr 06, 2020
Coronavirus turmoil spurs UK bond fund outflows – Calastone
By Simon Jessop LONDON (Reuters) - UK-based bond funds saw outflows of 3.7 billion pounds ($4.54 billion) in March as the coronavirus pandemic spurred a rush to cash, data from the fund transaction ne...
Apr 06, 2020
Austria trebles job-protection scheme’s funding as applications jump
VIENNA (Reuters) - Austria is trebling the funding available for a scheme designed to prevent layoffs that enables employers to keep staff on their books while only paying for hours actually worked, t...
Apr 06, 2020
German economy likely to contract by 3-6% this year – BDI
BERLIN (Reuters) - The German economy is likely to shrink by 3-6% this year, the head of the BDI industry association said on Monday, adding that this forecast was based on economic activity being dis...
Apr 06, 2020
As Germany reels from coronavirus, some officials debate impact on banks
By John O'Donnell and Tom Sims FRANKFURT (Reuters) - As Germany rolls out a 750 billion-euro economic stimulus package, officials and experts are discussing whether German lenders, including Deutsche ...
Apr 06, 2020
Carmaker PSA secures further 3 billion euros worth of loans
PARIS (Reuters) - French carmaker and Peugeot-owner PSA announced on Monday a further 3 billion euros ($3.3 billion) worth of loans to strengthen its financial position in the wake of the hit to the g...
Apr 06, 2020
BMW sales plunge in first quarter as coronavirus takes toll
BERLIN (Reuters) - BMW said on Monday that group sales dropped by 20.6% to 477,111 vehicles in the first quarter as the outbreak of coronavirus took its toll and many retail outlets temporarily closed...
Apr 06, 2020
Japan vows to fight ‘biggest global crisis since WWII’ with massive coronavirus stimulus package – draft
By Takaya Yamaguchi TOKYO (Reuters) - Japanese Prime Minister Shinzo Abe's government is to pledge to take "all steps" encompassing fiscal, monetary and tax policies to battle the deepening fallout fr...
Apr 06, 2020
Accor has enough cash to withstand virus crisis -CEO
PARIS (Reuters) - French hospitality group Accor has sufficient cash to operate through the coronavirus crisis, its chief executive said on Monday. "We started the year with 2.5 billion euros in cash ...
Apr 06, 2020
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