Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
German retailers expect growth this year despite coronavirus crisis
BERLIN (Reuters) - Germany's HDE retail association said on Tuesday it expected nominal sales to grow by 1.5% this year despite the coronavirus pandemic, a sharp upward revision from its previous esti...
Sep 22, 2020
Pub operator JD Wetherspoon to cut 400-450 airport jobs
LONDON (Reuters) - British pub operator JD Wetherspoon said on Tuesday it could cut 400 to 450 jobs at its sites at six airports, including London's Heathrow and Gatwick, because of the large drop in ...
Sep 22, 2020
Exclusive: Deutsche Bank to close 20% of domestic branches in coronavirus shift
By Patricia Uhlig FRANKFURT (Reuters) - Deutsche Bank plans to shutter one in five branches in its home market in Germany as it seeks to save costs and capitalise on the changing habits of customers d...
Sep 22, 2020
Spain’s home working draft bill to make employers pay for expenses
MADRID (Reuters) - The Spanish government has agreed with unions and business leaders to make employers cover home working expenses after the coronavirus pandemic caused millions to work from their li...
Sep 22, 2020
EU top court backs crackdown on short-term home rentals in setback to Airbnb
By Foo Yun Chee BRUSSELS (Reuters) - Europe's top court on Tuesday gave its backing to European cities cracking down on short-term rentals of private homes to solve a housing crunch, dealing a setback...
Sep 22, 2020
Deutsche Bank working hard to prepare for M&A wave, CFO says
FRANKFURT (Reuters) - Deutsche Bank's finance chief said on Tuesday that the German lender was working hard to prepare for an expected wave of mergers and acquisitions in the banking sector. Chief Fin...
Sep 22, 2020
Unwanted delivery: Rappi spawns black market in worker accounts
By Oliver Griffin BOGOTA (Reuters) - As Rappi has grown in Latin America, particularly in its home country of Colombia, so too has a shadow market for the all-purpose delivery firm's worker profiles. ...
Sep 22, 2020
German economy to shrink by 5.2% this year, grow by 5.1% next year – Ifo
BERLIN (Reuters) - Germany's Ifo institute on Tuesday said Europe's largest economy would likely shrink by 5.2% this year, raising its previous estimate for a 6.7% drop, in the latest sign the damage ...
Sep 22, 2020
UK banks must do more to fight dirty money, says BoE’s Woods
LONDON (Reuters) - Britain's banks need to do more to fight dirty money or risk facing more severe fines, Bank of England Deputy Governor Sam Woods said on Tuesday. "If the banks get this wrong, then ...
Sep 22, 2020
BoE’s Bailey says worsening COVID trend reinforces downside risks
LONDON (Reuters) - Bank of England Governor Andrew Bailey said on Tuesday that escalating COVID-19 cases in Britain reinforced the downside risks in its latest forecasts for the economy. He told a Bri...
Sep 22, 2020
