28 March

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Trade union calls for Deliveroo UK riders strike to highlight IPO risks By Reuters

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By Alistair Smout LONDON (Reuters) - A trade union called for Deliveroo's UK riders to strike when the meal delivery service floats on the stock market next month, saying on Sunday the action would highlight dissatisfaction with the company's business model and approach to workers' rights. Deliveroo, whose turquoise-uniformed couriers delivering chicken kormas and American hot pizzas are a common sight in...

28 March

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Lufthansa unit Swiss could announce more job cuts – CEO By Reuters

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ZURICH (Reuters) - Deutsche Lufthansa (DE:LHAG)'s unit Swiss could announce additional job cuts in the second quarter as the pandemic crimps air travel, its chief executive told Swiss newspaper SonntagsBlick. Last October, Swiss announced 1,000 job cuts through attrition over two years. The company has about 9,000 staff "From the 1,000 announced positions, we completed 500 of the job cuts through...

28 March

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Large block trades involved more than $10 billion of stocks sold by Goldman: media By Reuters

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(Reuters) - Large block trades on Friday causing a wave of selling in a clutch of companies were driven by sales of more than $10 billion executed by Goldman Sachs Group Inc (NYSE:GS), media reported on Saturday. Shares in ViacomCBS and Discovery tumbled around 27% each on Friday, while U.S.-listed shares of China based Baidu and Tencent (HK:0700) Music...

27 March

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ECB must remain euro zone’s stabiliser – chief economist Lane By Reuters

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FRANKFURT (Reuters) - The European Central Bank must remain a key stabilizer of the euro zone economy as the bloc is at risk of suffering longer-term damage from its pandemic-induced double-dip recession, ECB chief economist Philip Lane said on Saturday. A sustained period of low activity reduces labour productivity, weakens corporate balance sheets and saps confidence, leading to a potential downward...

27 March

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Honda agrees to sell British car plant to logistics giant Panattoni By Reuters

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TOKYO (Reuters) - Honda has agreed to sell its only British car plant at Swindon in southern England to logistics giant Panattoni, a company spokesman said on Saturday, as the new owner reportedly plans to make a large investment at the sprawling site. The Japanese automaker, which builds about a tenth of the 1.5 million car output in Britain, made the decision...

27 March

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Chinese celebs, netizens slam ‘two-faced’ Hugo Boss over Xinjiang By Reuters

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BEIJING (Reuters) - At least three Chinese celebrities on Saturday dropped German fashion house Hugo Boss, the latest foreign brand caught in a concerted boycott by Chinese consumers over Western accusations of forced labour in Xinjiang. Among the celebrities who ended their pacts with Hugo Boss was actor-singer Li Yifeng, who said in...

27 March

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Stellantis, Nissan, Nio cut more production due to chip shortage By Reuters

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WASHINGTON (Reuters) - Stellantis NV and Chinese electric vehicle maker Nio became the latest carmakers to announce new production cuts as a result of a global semiconductor chip shortage. Stellantis said on Friday it will temporarily halt production at five North American plants next week because of the global microchip shortage: two assembly...

27 March

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Volkswagen Mexico plans production cutbacks in March, April By Reuters

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MEXICO CITY (Reuters) - German carmaker Volkswagen (DE:VOWG_p) said on Friday it plans to adjust some production over the Easter holiday period at its Mexican facilities. There will be three days of inactivity on March 29, 30 and April 5 on production of Volkswagen's Tiguan model. March 29 and 30 will also be inactive days for assembly of the Taos model, the...

27 March

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Chevron eyes deal for Shell oil refinery in Pacific Northwest – sources By Reuters

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By Erwin Seba HOUSTON (Reuters) - Chevron Corp (NYSE:CVX) has emerged as a leading contender to buy a Royal Dutch Shell (LON:RDSa) Plc refinery in the U.S. Pacific Northwest, three people familiar with the matter said on Friday. Shell has been trying to sell its 145,000 barrel-per-day (bpd) Puget Sound refinery in Anacortes, Washington, for at least a year. Reuters...

27 March

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Britain nearing vaccine deal with European union – The Times By Reuters

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(Corrects dateline) (Reuters) - Britain is close to striking a vaccine deal with the European Union as soon as this weekend that will remove the threat of the bloc cutting off supplies, The Times reported on Saturday. Under the agreement the EU will remove its threat to ban the export of Pfizer-BioNTech vaccines to Britain, it added. In return, the...

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News

Trade union calls for Deliveroo UK riders strike to highlight IPO risks By Reuters

Lufthansa unit Swiss could announce more job cuts – CEO By Reuters

Large block trades involved more than $10 billion of stocks sold by Goldman: media By Reuters

ECB must remain euro zone’s stabiliser – chief economist Lane By Reuters

Honda agrees to sell British car plant to logistics giant Panattoni By Reuters

Chinese celebs, netizens slam ‘two-faced’ Hugo Boss over Xinjiang By Reuters

Stellantis, Nissan, Nio cut more production due to chip shortage By Reuters

Volkswagen Mexico plans production cutbacks in March, April By Reuters

Chevron eyes deal for Shell oil refinery in Pacific Northwest – sources By Reuters

Britain nearing vaccine deal with European union – The Times By Reuters

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