FILE PHOTO: The logo of Amazon is seen at the company logistics center in Lauwin-Planque, northern France, April 22, 2020 after Amazon extended the closure of its French warehouses until April 25 included, following dispute with unions over health protection measures amid the coronavirus disease (COVID-19) outbreak. REUTERS/Pascal Rossignol (Reuters) – Amazon.com…
Month: May 2020
Stocks rebound on relief at Trump’s response to China over Hong Kong
NEW YORK (Reuters) – A gauge of global equities rebounded and crude oil rose on Friday after U.S. President Donald Trump ordered an end to Washington’s special treatment of Hong Kong, a move investors welcomed as unlikely to jeopardize a trade accord with China. Traders wearing masks work inside posts, on the…
Renault chairman dismisses fears over potential Maubeuge closure
FILE PHOTO: Chairman of Renault SA Jean-Dominique Senard attends a news conference at French carmaker Renault headquarters in Boulogne-Billancourt, near Paris, France, October 11, 2019. REUTERS/Charles Platiau PARIS (Reuters) – Renault (RENA.PA) has no plans to close its Maubeuge plant in northern France, Chairman Jean-Dominique Senard said on Sunday, two days after…
Workers nervously eye return to Lear’s coronavirus-hit plant in Mexico
CIUDAD JUAREZ, Mexico (Reuters) – Lear Corp is implementing costly safety measures that may hurt productivity at its operations in Mexico after suffering the deadliest known factory-related coronavirus outbreak in the Americas, but the U.S. auto parts maker still faces a battle to win back workers’ trust. An employee of U.S. auto…
EU trade commissioner Hogan mulling candidacy for WTO chief
BRUSSELS (Reuters) – European trade commissioner Phil Hogan is considering putting his name forward as a candidate to be the next director-general of the World Trade Organization, his spokesman said on Sunday. FILE PHOTO: European Trade Commissioner-designate Phil Hogan of Ireland attends his hearing before the European Parliament in Brussels, Belgium September…
Exclusive: Mexican broadcaster Televisa to launch mobile phone service, challenging Slim
MEXICO CITY (Reuters) – Mexican broadcaster Televisa said on Sunday it will start offering mobile phone service, a bid to challenge billionaire Carlos Slim’s America Movil, which has long dominated the country’s telecommunications market. FILE PHOTO: The logo of broadcaster Televisa is pictured at its offices in Ciudad Juarez, Mexico, November 16,…
Embraer negotiating $600 million bank financing for exports
FILE PHOTO: The logo of Brazilian planemaker Embraer SA is seen at the company’s headquarters in Sao Jose dos Campos, Brazil February 28, 2018. REUTERS/Roosevelt Cassio/File Photo RIO DE JANEIRO (Reuters) – Brazilian planemaker Embraer SA (EMBR3.SA), the world’s third largest commercial jet builder, should obtain $600 million in credit lines from…
Russia has no objection to earlier OPEC+ meeting: sources
FILE PHOTO: A 3D printed oil pump jack is seen in front of the OPEC logo in this illustration picture, April 14, 2020. REUTERS/Dado Ruvic/Illustration/File Photo MOSCOW/LONDON (Reuters) – Russia has no objection to the next meeting of OPEC and its allies, known as OPEC+, being brought forward to June 4 from…
Amazon’s Jeff Bezos invests in UK digital freight forwarder Beacon
(Reuters) – Amazon.com Inc Chief Executive Jeff Bezos has picked British startup Beacon, a digital freight forwarder, for his latest investment. Beacon said on Sunday it raised over $15 million in Series A fundraising, from investors including Bezos and venture capital firm 8VC. The startup, formed by two former Uber Technologies Inc…
Londoners Join in Protests Against Police Brutality
NOW PLAYING Londoners Join in Protests Against Police Brutality SpaceX’s Crew Dragon Arrives at International Space Station Protests in Los Angeles Over Police Violence Police Clear Protesters From Union Square in N.Y.C. Minnesota Needs to ‘Get Tougher’ on Protesters, Trump Says Watch: SpaceX Launches Astronauts Into Orbit Minnesota Governor Fully Mobilizes State…
United Airlines cutting 13 top jobs, adding international flights in July
(Reuters) – United Airlines Holdings Inc (UAL.O) said on Friday it will eliminate 13 officer positions even as it adds international flights back to its network, part of a restructuring to address the hit on its business from the coronavirus pandemic. FILE PHOTO: A United Airlines passenger jet takes off with New…
Wall Street Week Ahead: Investors eye consumer discretionary stocks as U.S. reopens
NEW YORK (Reuters) – Investors are taking a closer look at the market’s consumer discretionary companies as a reopening U.S. economy fuels hopes of a turnaround for some of the sector’s hardest-hit names. FILE PHOTO: The Wall Street sign is pictured at the New York Stock exchange (NYSE) in the Manhattan borough…
Southwest Airlines CEO sees low-fare environment when traffic returns
FILE PHOTO: Southwest Airlines jets are parked on the tarmac during the coronavirus disease (COVID-19) outbreak at Baltimore Washington International Airport in Baltimore, Maryland, U.S., May 25, 2020. REUTERS/Joshua Roberts (Reuters) – Southwest Airlines Co (LUV.N) Chief Executive Officer Gary Kelly said on Friday he expects a “brutal low-fare” environment when traffic…
Google postpones Android 11 unveiling amid U.S. protests
FILE PHOTO: The logo of Google is seen in Davos, Switzerland Januar 20, 2020. REUTERS/Arnd Wiegmann/File Photo (Reuters) – Alphabet Inc’s (GOOGL.O) Google on Saturday said it has postponed next week’s planned unveiling of the beta version of its latest Android 11 mobile operating system in light of protests and unrest in…
U.S. pipeline operator Energy Transfer warns of coming job cuts
FILE PHOTO: Construction work continues on Sunoco’s Mariner East II natural gas pipeline near Morgantown in Chester County, Pennsylvania, August 1, 2017. REUTERS/Charles Mostoller/File Photo (Reuters) – U.S. pipeline operator Energy Transfer LP (ET.N) will begin cutting about 6% of its workforce next week, underscoring the spreading impact of weak oil and…
Credit Suisse’s Rohner sees no big hit from oil & gas exposure: SRF
FILE PHOTO: Chairman Urs Rohner of Swiss bank Credit Suisse takes part in a panel discussion at the Swiss International Financial Forum (SIFF) in Rueschlikon, Switzerland November 6, 2019. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Credit Suisse will not take a significant hit from its exposure to the battered oil and gas sector,…
Exclusive: Zoom plans to roll out strong encryption for paying customers
SAN FRANCISCO (Reuters) – Video conferencing provider Zoom (ZM.O) plans to strengthen encryption of video calls hosted by paying clients and institutions such as schools, but not by users of its free consumer accounts, a company official said on Friday. FILE PHOTO: Small toy figures are seen in front of diplayed Zoom…
Sale of shut Philly refinery to real estate developer delayed
NEW YORK (Reuters) – The closing of a $252 million sale of the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer has been delayed, a city official and source with knowledge of the agreement said on Friday. FILE PHOTO: Sun sets on the Philadelphia Energy Solutions plant refinery…
Lufthansa accepts tweaked demands by Brussels over state bailout
BERLIN/FRANKFURT (Reuters) – Lufthansa’s management board has accepted a more favourable set of demands from the European Commission in exchange for approval of a 9 billion euro ($10 billion) government bailout, the carrier said on Saturday, paving the way for its rescue. FILE PHOTO: Airplanes of German carrier Lufthansa are parked at…
Wall Street ends mostly higher as U.S.-China spat simmers
(Reuters) – U.S. stocks finished mostly higher on Friday after President Donald Trump announced measures against China in response to new security legislation that were less threatening to the U.S. economy than investors had feared. The Dow ended the session slightly lower, but all three indexes rose for the week and registered…