Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
JPMorgan Chase to pay ‘front-line’ workers $1,000 bonus: memo
NEW YORK (Reuters) - JPMorgan Chase & Co said Friday it will give "front line employees" a one-time bonus of $1,000, paid out in two installments in April and May, according to a memo sent to staff an...
Mar 20, 2020
Coronavirus drives surge in short-time work in Germany: labor office
BERLIN (Reuters) - Tens of thousands of German firms announced this week they would switch employees to shorter work hours due to coronavirus, the Labour Office said on Friday, highlighting the severe...
Mar 20, 2020
U.S. finance and exchanges say market must stay open during epidemic
LONDON (Reuters) - Keeping markets open in the United States during the coronavirus epidemic is critical for maintaining investor confidence, exchanges and market industry bodies said in a joint state...
Mar 20, 2020
Exclusive: Italy Treasury sees 2020 GDP falling around 3% amid coronavirus chaos – sources
By Giuseppe Fonte and Gavin Jones ROME (Reuters) - The Italian Treasury currently expects the economy to contract around 3% this year, hit by the lockdown imposed to fight the country's coronavirus ou...
Mar 20, 2020
UK’s Asda plans to hire 5,000 temporary workers to get through coronavirus
LONDON (Reuters) - Asda, the British supermarket arm of Walmart , plans to hire more than 5,000 temporary workers laid off elsewhere due to coronavirus, it said on Friday. Separately discounter Lidl U...
Mar 20, 2020
Volatility in financial markets at record highs: S&P Global
(Reuters) - Volatility in financial markets across geographies and asset classes is at record highs as the relentless spread of the coronavirus outbreak threatens to derail global economic growth, ana...
Mar 20, 2020
Norwegian Air gets lifeline but it may not be enough
By Victoria Klesty OSLO (Reuters) - Budget carrier Norwegian Air may struggle to meet the tough conditions set by the government as part of its financial aid, raising fresh doubts about its liquidity ...
Mar 20, 2020
Divided G20 faces pressure to lead global response to coronavirus
By Andrea Shalal and Stephen Kalin WASHINGTON/RIYADH (Reuters) - The Group of 20 major economies faces mounting pressure to bridge internal divisions and unite against the coronavirus, just as it coal...
Mar 20, 2020
Nissan’s UK factory closed until further notice over coronavirus
LONDON (Reuters) - Nissan said on Friday its British car factory would remain closed until further notice over the coronavirus outbreak, having previously said it would be shut until the end of the we...
Mar 20, 2020
G20 watchdog urges regulatory flexibility to help virus hit economy
LONDON (Reuters) - Regulators should use in-built flexibility in financial rules to help banks keep funds flowing to the economy during the coronavirus epidemic, the Financial Stability Board said on ...
Mar 20, 2020
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