Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Uber’s transit service mainly used in lower-income U.S. city outskirts, company data shows
By Tina Bellon (Reuters) - As U.S. transit ridership plunged during the pandemic and cities reduced service, lower-income residents living in city outskirts made up the majority of passengers in new r...
Mar 23, 2021
Lockheed Martin, Omnispace to develop space-based 5G network
(Reuters) - Lockheed Martin Corp said on Tuesday it had teamed up with communications provider Omnispace LLC to develop a space-based 5G network for both commercial and government use. The U.S. defens...
Mar 23, 2021
U.S. current account deficit jumps to 12-year high in 2020
WASHINGTON (Reuters) - The U.S. current account deficit raced to a 12-year high in 2020 as the COVID-19 pandemic severely disrupted the flow of goods and services. The Commerce Department said on Tues...
Mar 23, 2021
Finance hub Singapore outlines tips for safer post-pandemic workplaces
SINGAPORE (Reuters) - Singapore has started to plan for how offices will look and operate in the post COVID-19 era, signaling its intent to get one of the world's key financial hubs fully back to busi...
Mar 23, 2021
Brazil central bank aims to prevent 2021 inflation from infecting 2022 outlook – minutes
By Jamie McGeever BRASILIA (Reuters) - Brazil's central bank stands ready to raise interest rates by another 75 basis points in May in order to bring inflation back to target this year and keep 2022 i...
Mar 23, 2021
Renault says will produce three new hybrid models in Spain
MADRID (Reuters) - France's Renault said on Tuesday it will produce three new higher-margin hybrid models in 2022-2024 in Spain following a new labour agreement struck recently with unions. The carmak...
Mar 23, 2021
Fed’s Kaplan says he is among policymakers expecting rate hike in 2022
(Reuters) - Dallas Federal Reserve President Robert Kaplan said on Tuesday that while that the country is still in the depths of a recession, his forecast for the U.S. economy has improved meaningfull...
Mar 23, 2021
Airline SAS risks futher costs from 2019 strike after court ruling
STOCKHOLM (Reuters) - SAS could face an extra 1.2 billion crowns ($140 million) in costs for a strike in 2019 after a European court said on Tuesday that industrial action did not absolve the airline ...
Mar 23, 2021
BoE’s Cunliffe: Public and private sector must collaborate on cross-border payments
By Tom Wilson LONDON (Reuters) - The public and private sectors must collaborate to ensure new forms of wholesale and retail cross-border payments work together smoothly, Bank of England (BoE) Deputy ...
Mar 23, 2021
UBS faces at least $3.6 billion in penalties in French tax case appeal
PARIS (Reuters) - French prosecutors will seek to fine UBS at least 2 billion euros for allegedly helping wealthy clients stash undeclared assets offshore, the Paris court handling the Swiss bank's ap...
Mar 23, 2021
