Image copyright Getty Images Image caption Coronavirus has halted many global deliveries The World Trade Organization (WTO) is predicting a severe decline in international commerce this year. In a new report the WTO forecasts a contraction of between 13% and 32% this year. The wide range of possibilities reflects the uncertainties about the health crisis. […]
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Image copyright Getty Images Image caption Normally, two independent witnesses are required to validate a will Documents have been held in place by windscreen wipers and signed on a car bonnet in a novel way for wills to be witnessed during social distancing. Signatures are also being watched through windows and patio doors as current […]
Read MoreMILAN (Reuters) – Fiat Chrysler (FCA) (FCHA.MI) and unions are discussing plans for beefed-up health measures at Italian plants to pave the way for most profitable production to restart as soon as the government eases a national lockdown, unions said on Wednesday. FILE PHOTO: New Fiat Panda and Fiat 500 mild-hybrid cars are seen in […]
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Image copyright Aviva Insurers Aviva, RSA, Direct Line and Hiscox have scrapped plans to pay dividends to shareholders during the coronavirus crisis. They acted after financial regulators urged them to pause payouts because of the uncertainty cause by Covid-19. The Prudential Regulation Authority (PRA) welcomed “the prudent decision”. “Insurers should pay close attention to the […]
Read MoreFILE PHOTO: A Times Square Alliance street sweeper worker walks though a nearly empty Times Square in Manhattan during the outbreak of the coronavirus disease (COVID-19) in New York City, New York, U.S., April 7, 2020. REUTERS/Mike Segar PARIS (Reuters) – Major economies are seeing the biggest monthly slump in activity ever amid the coronavirus […]
Read MoreHONG KONG (Reuters) – Wild swings in global equities markets are prompting brokers and fund managers to urge patience with a strategy still alien to many of China’s momentum-driven stock investors: switch into companies offering high and stable dividends. FILE PHOTO: People are seen on a pedestrian overpass with an electronic board showing the Dow […]
Read MoreFILE PHOTO: Easyjet founder Stelios Haji-Ioannou speaks at a media event to celebrate 20 years in business at Luton Airport, southern England, November 10, 2015. REUTERS/Eddie Keogh LONDON (Reuters) – EasyJet (EZJ.L) founder Stelios Haji-Ioannou continued his battle to force the British airline to cancel an order for 107 Airbus (AIR.PA) planes, making a new […]
Read MoreLONDON (Reuters) – Oil steadied near $32 a barrel on Wednesday, supported by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have collapsed due to the coronavirus pandemic. FILE PHOTO: A maze of crude oil pipes and valves pictured during a tour […]
Read MoreLONDON (Reuters) – Britain’s biggest retailer Tesco (TSCO.L) estimated a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it couldn’t give profit guidance for the current financial year. FILE PHOTO: A woman walks past a Tesco extra superstore near Manchester, Britain January 8, […]
Read MoreWUHAN, China (Reuters) – Temperature checkpoints and posters telling workers to keep more than a metre apart at Japanese automaker Honda Motor Co’s reopened plant in the Chinese city of Wuhan show how the coronavirus has created a new normal on the factory floor. Employees work on a production line inside a Dongfeng Honda factory […]
Read MoreFILE PHOTO: The logo of German car manufacturer BMW is seen on the company headquarters in Munich, Germany, December 5, 2019. REUTERS/Andreas Gebert/File Photo MUNICH (Reuters) – German carmaker BMW (BMWG.DE) will start producing face masks to help protect its own staff and the public against the spread of the new coronavirus, Chief Executive Oliver […]
Read MoreLONDON (Reuters) – World stocks turned negative on Wednesday as the coronavirus death toll mounted and euro zone finance minister failed to agree a rescue package to help economies recover from the impact of the outbreak. FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, April […]
Read MoreLONDON (Reuters) – The dollar firmed on Wednesday as optimism that the coronavirus crisis was slowing waned, increasing investor concerns over the economic impact of the pandemic. FILE PHOTO: One hundred dollar notes are seen in this photo illustration at a bank in Seoul, South Korea, January 9, 2013. REUTERS/Lee Jae-Won/Illustration/File Photo The euro and […]
Read MoreFILE PHOTO: Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo (Reuters) – Britain’s BAE Systems (BAES.L) is looking to raise $1.3 billion in debt to fund its pension deficit and repay related loans, the company said on Wednesday, as it prepares […]
Read MoreFILE PHOTO: Logo of Air France KLM Group is pictured on the first Air France airliner’s Airbus A350 during a ceremony at the aircraft builder’s headquarters of Airbus in Colomiers near Toulouse, France, September 27, 2019. REUTERS/Regis Duvignau/File Photo PARIS (Reuters) – A figure of 6 billion euros ($6.5 billion) in loans to help Air […]
Read MoreFILE PHOTO: The logo of PSA Group is seen during the annual results news conference in Rueil-Malmaison, near Paris, France, February 26, 2020. REUTERS/Benoit Tessier/File Photo PARIS (Reuters) – French carmaker and Peugeot owner PSA (PEUP.PA) announced on Wednesday the creation of a solidarity fund to help staff affected by the closures of plants due […]
Read MoreFILE PHOTO: Trade visitors walk past an advertisement for BAE Systems at Farnborough International Airshow in Farnborough, Britain, July 17, 2018. REUTERS/Toby Melville/File Photo (Reuters) – Britain’s BAE Systems (BAES.L) is seeking to raise $1.3 billion in bonds to fund its employee benefit plans and repay debt, the company said on Wednesday, as it braced […]
Read MoreSEOUL (Reuters) – Oil rebounded on Wednesday after a two-day fall, lifted by hopes that a meeting between OPEC members and allied producers on Thursday will trigger output cuts to shore up prices that have crumbled amid the coronavirus pandemic. FILE PHOTO: A maze of crude oil pipes and valves pictured during a tour by […]
Read MoreLONDON (Reuters) – Britain’s biggest retailer Tesco (TSCO.L) expects to take a hit of up to 925 million pounds ($1.1 billion) from the costs of dealing with the coronavirus pandemic and warned it was unable to give a profit forecast for this financial year. FILE PHOTO: A woman walks past a Tesco extra superstore near […]
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Image copyright Getty Images Tesco has said that most food will still need to be purchased in-store amid the coronavirus pandemic. The supermarket giant said it wasn’t able to meet demand as more shoppers stay at home, despite the fact it has increased its online grocery shopping capacity by more than 20%. It said in […]
Read MoreFILE PHOTO: A model walks on an in-house catwalk at ASOS in London April 1, 2014. REUTERS/Suzanne Plunkett/File Photo LONDON (Reuters) – British online fashion retailer ASOS Plc (ASOS.L) said it had raised 247 million pounds ($304 million) via a placing, to help it shore up its finances in case of a prolonged business downturn […]
Read MoreSINGAPORE (Reuters) – The dollar found a footing on Wednesday as investors returned to safe-havens, reversing some risk currency gains made on hopes the coronavirus crisis in Europe and New York was slowing. FILE PHOTO: U.S. dollar banknote is seen in this picture illustration taken May 3, 2018. REUTERS/Dado Ruvic/Illustration/File Photo The greenback rose on […]
Read MoreSYDNEY (Reuters) – Asian stocks were mixed on Wednesday after two sessions of sharp gains as investors tempered their optimism about the coronavirus while death tolls were still mounting across the globe. FILE PHOTO: People wearing protective face masks, following an outbreak of the coronavirus disease (COVID-19), look at a stock quotation board outside a […]
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