Category Archives: (Midwest Communications, Inc. Syndication Interface) Business News (Master Feed)
German hospitality industry still far below pre-crisis revenues
BERLIN (Reuters) - The German hotel and restaurant industry in July further recovered from its slump caused by the coronavirus pandemic, but sales were still down more than a quarter when compared to ...
Sep 15, 2020
UK’s Domino’s Pizza to create 5,000 new jobs
(Reuters) - Domino's Pizza Group said on Tuesday it was creating 5,000 new jobs in the UK, including chefs and delivery drivers, on top of the 6,000 jobs it had created since the start of the coronavi...
Sep 15, 2020
H&M reports preliminary June-August profit of around 2 billion SEK
STOCKHOLM (Reuters) - Sweden's H&M , the world's second-biggest fashion retailer, on Tuesday reported a preliminary third quarter profit before tax of around 2 billion crowns ($229 million). H&M said ...
Sep 15, 2020
UK jobless rate rises for first time since COVID-19 lockdown
LONDON (Reuters) - Britain's unemployment rate rose for the first time since the coronavirus lockdown began in March, official data showed on Tuesday. The unemployment rate increased to 4.1% in the th...
Sep 15, 2020
China’s domestic travel revenue likely to halve to $394 billion in 2020: report
BEIJING (Reuters) - China's domestic tourism revenue is expected to fall by 52% to 2.76 trillion yuan ($394 billion) in 2020, according to a report by the China Tourism Academy, as the industry contin...
Sep 15, 2020
Fee bonanza on China’s STAR Market IPOs passes by Western banks
By Scott Murdoch and Samuel Shen HONG KONG (Reuters) - A fee bonanza on China's Nasdaq-style STAR Market, which is set to surge with Ant Group's mega-listing, is passing Western banks by due to their ...
Sep 15, 2020
ByteDance’s Chinese version of TikTok hits 600 million daily users
By Yingzhi Yang and Brenda Goh BEIJING (Reuters) - Douyin, the Chinese version of short video app TikTok, hit 600 million daily active users in August, an executive with parent company ByteDance said ...
Sep 15, 2020
How ByteDance’s CEO balked at selling TikTok’s U.S. business
By Echo Wang, Keith Zhai and Joshua Franklin (Reuters) - ByteDance founder and CEO Yiming Zhang's decision to drop his pursuit of a sale of TikTok's U.S. operations to Microsoft Corp in favor of a par...
Sep 15, 2020
Shell focused on turning around troubled Australian operations
By Sonali Paul MELBOURNE (Reuters) - Undaunted by hefty writedowns on its Australian gas assets, Royal Dutch Shell sees its liquefied natural gas business and "new energy" acquisitions Down Under as c...
Sep 15, 2020
Pandemic’s ‘great reset’ makes energy firms invest more in renewables: executives
By Florence Tan and Chen Aizhu SINGAPORE (Reuters) - The economic trauma caused by the coronavirus pandemic persuaded energy companies to step-up investments in renewables, hydrogen and other low carb...
Sep 15, 2020
