Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
Bitcoin breaks above $20,000 for first time
LONDON (Reuters) - Bitcoin smashed through $20,000 for the first time on Wednesday, its highest ever. The cryptocurrency jumped 4.5% to move as high as $20,440. It has gained more than 170% this year,...
Dec 16, 2020
Moncler bets on twentysomethings, Chinese shoppers for post-virus recovery
By Claudia Cristoferi and Silvia Aloisi MILAN (Reuters) - Luxury puffer jacket maker Moncler is betting heavily on younger consumers and the Chinese market to help sales bounce back from the coronavir...
Dec 16, 2020
U.S. retail sales decrease more than expected in November
WASHINGTON (Reuters) - U.S. retail sales fell for a second straight month in November, likely weighed down by raging new COVID-19 infections and decreasing household income, adding to growing signs of...
Dec 16, 2020
U.S. Treasury labels Switzerland, Vietnam as currency manipulators
WASHINGTON (Reuters) - The U.S. Treasury labeled Switzerland and Vietnam as currency manipulators on Wednesday and added three new names to a watch list of countries it suspects of taking measures to ...
Dec 16, 2020
EU to help banks to jettison loans soured by COVID
By Huw Jones LONDON (Reuters) - The European Union set out plans on Wednesday to help banks to jettison soured loans more easily and continue lending to households and business hit by the COVID-19 pan...
Dec 16, 2020
Samsung ties up with IBM to combine private 5G with “edge computing”
By Supantha Mukherjee STOCKHOLM (Reuters) - Samsung Electronics on Wednesday signed a partnership with IBM to combine "edge computing" with private 5G networks, the latest tie-up among big technology ...
Dec 16, 2020
Merkel says her party doesn’t want property tax to cover pandemic costs
BERLIN (Reuters) - Angela Merkel's conservatives do not want to introduce a property tax in Germany to fund the costs of the coronavirus pandemic, the chancellor said on Wednesday. Finance Minister Ol...
Dec 16, 2020
UK fund firm Ruffer piles $675 million into bitcoin in ‘defensive move’ -memo
LONDON (Reuters) - UK fund manager Ruffer Investment Management has shifted around $675 million of its clients' fortunes into bitcoin, an investor memo seen by Reuters shows, in one of the largest sig...
Dec 16, 2020
Companies may face 2% fine for breaching EU cybersecurity rules
By Foo Yun Chee BRUSSELS (Reuters) - Large energy, transport and financial companies as well as digital providers and makers of medical and computer devices could be fined up to 2% of their global tur...
Dec 16, 2020
EU should “see sense” and agree Brexit trade deal, says UK PM Johnson
LONDON (Reuters) - Prime Minister Boris Johnson said on Wednesday he hoped the European Union would "see sense" and agree a post-Brexit trade deal, adding all the bloc needed to do was recognise Brita...
Dec 16, 2020
