29 December

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Fiat Chrysler to invest 2 billion euros in Poland, says Deputy PM

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WARSAW (Reuters) - Italian-American automaker Fiat Chrysler will invest 2 billion euros in its plant in Tychy in Poland, Deputy Prime Minister Jaroslaw Gowin said on Tuesday, in a move that will see new hybrid and electric models produced at the factory. The investment comes as a boost to emerging Europe's largest economy, which is hoping a switch to electric vehicles can...

29 December

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UK needs tighter COVID rules to avert new “catastrophe”, epidemiologist warns

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LONDON (Reuters) - Britain's government needs to bring in tighter coronavirus lockdown rules to avert a fresh wave of deaths from a new strain of the disease, a leading epidemiologist and government advisor warned on Tuesday. Britain reported 41,385 new COVID cases on Monday, the highest number since testing became widely available in...

29 December

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German exports down more than 12% this year due to pandemic -BGA

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BERLIN (Reuters) - Germany's BGA trade association said on Tuesday it expects exports to shrink by at least 12% this year as demand from the United States and Britain collapsed due to the coronavirus pandemic. "The COVID-19 pandemic has pushed us back five years when it comes to exports - and at the same time it has catapulted us five years...

29 December

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Japan shares higher at close of trade; Nikkei 225 up 2.66%

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Investing.com – Japan equities were higher at the close on Tuesday, as gains in the Paper & Pulp, Railway & Bus and Real Estate sectors propelled shares higher. At the close in Tokyo, the Nikkei 225 rose 2.66% to hit a new 5-year high. The biggest gainers of the session on the Nikkei 225 were Sumitomo Dainippon Pharma Co Ltd (T:4506),...

29 December

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BP well comes up empty at promising Ironbark gas prospect off Australia

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By Sonali Paul MELBOURNE (Reuters) - BP (LON:BP) Plc said on Tuesday it has found no oil or gas at its Ironbark-1 exploration well off Western Australia, in what had been seen as a multi-trillion cubic feet gas prospect. The result marked a big disappointment for BP's partners in the prospect, which had been seen as a potential gas supplier...

29 December

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Finablr names new CEO ahead of takeover by Israeli-UAE consortium

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(Reuters) -Finablr Plc said on Tuesday its Chief Executive Officer Bhairav Trivedi would step down from his role and be replaced by Robert Miller, just weeks after the payments firm agreed to be bought by an Israeli-United Arab Emirates consortium. Miller will replace Trivedi, who was in the position since April, on Jan. 1, the company said. Miller, who joined Finablr in...

29 December

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EU’s Barnier says Brexit trade deal brings stability

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PARIS (Reuters) - European Union Brexit negotiator Michel Barnier said on Tuesday the trade deal struck with Britain was a relief and provided stability for people and companies. "We've delivered an orderly Brexit," Barnier told Franceinfo radio. The last-gasp deal clinched a week before the year-end deadline brought "a little stability," he added. Barnier said there were still some elements to...

29 December

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China hopes to conclude talks on EU investment deal by ‘early date’

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BEIJING (Reuters) - China hopes lengthy negotiations for an investment deal with the European Union can wrap up at an "early date", a foreign ministry spokesman said on Tuesday. Talks have been stuck for years since beginning in 2014 as the bloc accused China of failing to deliver on promises to lift investment curbs, despite a pledge to open up the world's...

29 December

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Daily Briefing: Bigger U.S. stimulus cheques? ‘Tis the season to be jolly

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By Sujata Rao It looks like Americans could get $2000 stimulus cheques rather than the originally approved $600 -- if the U.S. Senate plays ball. That prospect sent Wall Street to another record high on Monday, while Japanese shares have scaled a 30-year top and European equities are heading north. Oil prices also reflect optimism for demand recovery after one of the...

29 December

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UK’s Hut Group to buy online retailer Dermstore from Target for £259 million pounds

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(Reuters) - E-commerce company Hut Group said on Tuesday it would buy Dermstore, an online retailer owned by Target Corp (NYSE:TGT), for $350 million in cash as it looks to bolster the presence of its beauty brands in the U.S. market. The British company, which owns retail brands such as Lookfantastic and skin care group ESPA, also bought UK-based Claremont...

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Fiat Chrysler to invest 2 billion euros in Poland, says Deputy PM

UK needs tighter COVID rules to avert new “catastrophe”, epidemiologist warns

German exports down more than 12% this year due to pandemic -BGA

Japan shares higher at close of trade; Nikkei 225 up 2.66%

BP well comes up empty at promising Ironbark gas prospect off Australia

Finablr names new CEO ahead of takeover by Israeli-UAE consortium

EU’s Barnier says Brexit trade deal brings stability

China hopes to conclude talks on EU investment deal by ‘early date’

Daily Briefing: Bigger U.S. stimulus cheques? ‘Tis the season to be jolly

UK’s Hut Group to buy online retailer Dermstore from Target for £259 million pounds

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