26 November

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ECB’s de Guindos says Yellen’s appointment good for global economy

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FRANKFURT (Reuters) - The appointment of Janet Yellen as the next U.S. Treasury secretary is good news for the global economy as the former Federal Reserve chair is aware of the global ramifications of her country's policy, the vice president of the European Central Bank said on Wednesday. "Janet Yellen knows perfectly what the U.S. economy needs and she is perfectly aware...

26 November

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Exclusive: India import hurdles hit Apple iPhone, Xiaomi devices from China – sources

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By Sankalp Phartiyal and Aditya Kalra NEW DELHI (Reuters) - India's tight control of quality clearances for electronic goods from China slowed the import of Apple (NASDAQ:AAPL)'s new iPhone model last month and held up other products made by companies like Xiaomi, according to two industry sources. Applications to the quality control...

26 November

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Tech giants face fines or even break-up if they breach new rules – EU’s Breton

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By Foo Yun Chee BRUSSELS (Reuters) - Tech giants that break new EU rules aimed at curbing their powers could face fines, be ordered to change their practices or even be forced to break up their European businesses, the bloc's digital chief Thierry Breton said on Wednesday. Breton's comments come two weeks before...

26 November

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Wall Street banks slam lending proposal as ‘unworkable’ and ‘political’

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By Michelle Price WASHINGTON (Reuters) - Major U.S. banks on Wednesday pushed back on a proposal to bar them from snubbing controversial business sectors, such as oil and gas giants, in an unlikely turn of events that has pitched Wall Street against one of the Trump administration's industry-friendly regulators. In a letter to Acting Comptroller of the Currency Brian Brooks, the...

26 November

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Dow Falls as Bulls Take Breather After Record Run to 30,000

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By Yasin Ebrahim The Dow slipped Wednesday, after a record surge a day earlier, as a wobble in the jobs market in the wake of rising Covid-19 cases prompted investors to hit pause on value stocks. The Dow Jones Industrial Average fell 0.58%, or 173 points, after closing above the 30,000 level on Tuesday. The S&P 500 was down 0.14%, while the Nasdaq...

26 November

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UK spent 849 million pounds on COVID dining subsidy

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LONDON (Reuters) - Britain's government spent almost twice as much as expected on encouraging people to eat in restaurants, cafes and pubs during what proved to be a temporary lull in COVID-19 cases in August. Official figures released on Wednesday ahead of new spending plans from finance minister Rishi Sunak showed his Eat...

26 November

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Can’t dine out? UK restaurants offer DIY meal kits to survive lockdown

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By Will Russell LONDON (Reuters) - From fast food to fine dining, some restaurants in Britain are relying on home kits to keep them afloat during lockdown, turning clients into cooks who recreate favourite meals in the comfort of their own kitchens. For James Knappett, chef-owner of Michelin-starred London restaurant Kitchen Table, the...

26 November

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Airlines expect to avoid Brexit disruption as transition ends

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PARIS (Reuters) - Airlines are hopeful that Brexit-related disruption can be avoided, as Britain and the European Union continue negotiations on their future relationship after the Dec. 31 end of the transition period, the sector's main global body said. "We see positive trends in terms of an agreement," said Rafael Schvartzman, vice-president for Europe at the International Air Transport Association (IATA)....

25 November

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Tesla’s upcoming S&P 500 debut fuels ‘crazy’ trading volume

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By Noel Randewich (Reuters) - If you traded a stock in the past week, there's a fair chance it was Tesla. Shares in the electric car maker led by CEO Elon Musk rose almost 3% on Wednesday and have now surged 40% since Nov. 16, when it was announced Tesla would join the S&P 500 in December. Investors rushed to buy...

25 November

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U.S. grants ByteDance new seven-day extension of TikTok sale order – filing

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WASHINGTON (Reuters) - The Trump administration on Wednesday granted ByteDance a new seven-day extension of a divestiture order that had directed the Chinese company to sell its TikTok short video-sharing app, according to a court filing. The Trump administration previously had granted ByteDance a 15-day extension of the order issued in August, which was set to expire Friday. The new deadline is...

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News

ECB’s de Guindos says Yellen’s appointment good for global economy

Exclusive: India import hurdles hit Apple iPhone, Xiaomi devices from China – sources

Tech giants face fines or even break-up if they breach new rules – EU’s Breton

Wall Street banks slam lending proposal as ‘unworkable’ and ‘political’

Dow Falls as Bulls Take Breather After Record Run to 30,000

UK spent 849 million pounds on COVID dining subsidy

Can’t dine out? UK restaurants offer DIY meal kits to survive lockdown

Airlines expect to avoid Brexit disruption as transition ends

Tesla’s upcoming S&P 500 debut fuels ‘crazy’ trading volume

U.S. grants ByteDance new seven-day extension of TikTok sale order – filing

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