Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
GM will announce boosted spending plans for EVs on Thursday: sources
By Ben Klayman and David Shepardson (Reuters) - General Motors Co will roll out details of an expanded and accelerated electric vehicle strategy on Thursday in an effort to convince investors it can b...
Nov 18, 2020
Defense to continue probing Canada border officials in Huawei CFO’s U.S. extradition case
By Moira Warburton (Reuters) - Lawyers for Huawei Chief Financial Officer Meng Wanzhou are set to continue questioning Canadian border officials on Wednesday regarding their investigation of Meng befo...
Nov 18, 2020
Analysis: U.S. manufacturing is booming – but not for these guys
By Timothy Aeppel (Reuters) - Jim Kirsh initially thought his family-owned foundry in southeastern Wisconsin might stay busy during the pandemic. Kirsh Foundry Inc, a cluster of buildings nestled in B...
Nov 18, 2020
Wirecard creditors claim at least 12.5 billion euros
MUNICH (Reuters) - Creditors to the collapsed German payments company Wirecard are making claims of at least 12.5 billion euros ($14.85 billion), a German court said on Wednesday. The claims to the Wi...
Nov 18, 2020
Global luxury goods sales set for largest ever fall in Bain forecast
MILAN (Reuters) - Sales of luxury goods worldwide are set to fall by 23% to 217 billion euros ($258 billion) this year, their largest ever drop and first since 2009, due to the fallout from the corona...
Nov 18, 2020
Euro zone inflation confirmed negative in October on weak energy
BRUSSELS (Reuters) - Euro zone annual inflation was negative for a third consecutive month in October, matching a four-year low, as energy prices were around 8% lower than a year earlier. Inflation in...
Nov 18, 2020
Bitcoin breaks $18,000 as rally powers on
LONDON (Reuters) - Bitcoin on Wednesday broke through $18,000 to hit a new year-to-date peak as its blistering 2020 rally powered on. It was last up 3% at $18,175, its highest since Dec. 2017. (Report...
Nov 18, 2020
Rate cut bets melt as vaccines boost economy hopes
By Saikat Chatterjee LONDON (Reuters) - Expectations of interest rate cuts in some of the world's biggest economies have melted within the space of a month on hopes a successful coronavirus vaccine wi...
Nov 18, 2020
Volkswagen welcomes German government’s scheme to support low-emission cars
HAMBURG/FRANKFURT (Reuters) - Volkswagen on Wednesday said the German government's 3 billion euro ($3.57 billion) scheme to support low-emission cars sent a strong signal Berlin would help lift the co...
Nov 18, 2020
Hungary vetoed EU budget because of immigration ‘blackmail’, says PM Orban
By Marton Dunai BUDAPEST (Reuters) - Hungary vetoed the European Union's 2021-2027 budget and post-coronavirus recovery fund because they would have forced it to accept immigration, Prime Minister Vik...
Nov 18, 2020
