Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Exclusive: Italy to spend 60% more of EU funds on better broadband, sources say
By Giuseppe Fonte and Elvira Pollina ROME (Reuters) - Italy aims to spend almost 7 billion euros ($8.33 billion) in European recovery funds on ultra-fast networks, up 60% from a previous goal, as mini...
Apr 13, 2021
EU recovery funds to boost Spanish growth by two percentage points a year, PM says
MADRID (Reuters) - European Union recovery funds to be transferred to Spain will boost economic growth by two percentage points annually in the coming years, Prime Minister Pedro Sanchez said on Tuesd...
Apr 13, 2021
American Airlines sees first-quarter revenue falling 62% vs 2019
(Reuters) - American Airlines said on Tuesday its first-quarter revenue is expected to drop about 62% compared with the same period in 2019, and sees a loss of about $2.7 billion to $2.8 billion, excl...
Apr 13, 2021
Exclusive: Insurance startup Clearcover raises $200 million from Eldridge, others at $1 billion valuation
By Noor Zainab Hussain and David French (Reuters) - Clearcover has raised $200 million in fresh capital as part of a late-stage financing round led by Eldridge, the investment firm helmed by Los Angel...
Apr 13, 2021
Glass Lewis opposes re-electing Credit Suisse board’s chair of risk
(Refiles to fix typo, paragraph 1) ZURICH (Reuters) - Proxy adviser Glass Lewis has recommended shareholders oppose re-electing Andreas Gottschling to Credit Suisse's board of directors, saying as cha...
Apr 13, 2021
VW must repay customers who took loans on rigged diesels, says court
KARLSRUHE, Germany (Reuters) - Volkswagen must fully compensate customers who took out loans to buy diesel cars that were discovered to be fitted with devices to cheat emissions tests, a German court ...
Apr 13, 2021
SAP forms financial services alliance with investor Dediq
By Douglas Busvine BERLIN (Reuters) - Business software group SAP said on Tuesday it was forming a joint venture with Munich-based investor Dediq to develop new digital solutions for banking and insur...
Apr 13, 2021
Biden’s chip dreams face reality check of supply chain complexity
By Hyunjoo Jin and Stephen Nellis SAN FRANCISCO (Reuters) - To understand President Joe Biden's challenge in taming a semiconductor shortage bedeviling automakers and other industries, consider a chip...
Apr 13, 2021
Argentine town bears scars of poverty as pandemic sharpens economic crisis
By Miguel Lobianco and Juan Bustamante MANZANARES, Argentina (Reuters) - In a run-down part of Manzanares, on the outskirts of Buenos Aires, the scars of poverty are clear. People cook with firewood. ...
Apr 13, 2021
Top French economists call for EU’s 3% deficit rule to be dropped
PARIS (Reuters) - A trio of top French economists called on Tuesday for the European Union's fiscal rules to be revised to focus on countries' debt burdens, abandoning a much-violated rule on public d...
Apr 13, 2021
