(Reuters) -U.S. jeweler Tiffany & Co (NYSE:TIF) said it reported record sales for the 2020 holiday period as consumers stuck at home shopped more online and shoppers in China spent more on jewelry. The company, which will soon be bought by France's LVMH (PA:LVMH) , said its overall preliminary net sales rose about 2% for the period Nov. 1 through...
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By Ernest Scheyder (Reuters) - U.S. President Donald Trump's outgoing administration plans to approve a land swap on Jan. 15 that Rio Tinto (LON:RIO) Ltd and partners need to build a copper mine in Arizona, clearing a long-time hurdle for the project that is opposed by many Native Americans. Developers will continue their effort to obtain a series of regulatory...
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(Reuters) - Apple Inc (NASDAQ:AAPL) said in its annual proxy filing on Tuesday that it will modify executive cash bonuses based on progress toward the company's social and environmental goals. "Beginning in 2021, an environmental, social, and governance modifier based on Apple Values and other key community initiatives will be incorporated into our annual cash incentive program," the filing said. ...
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(Reuters) - Facebook Inc (NASDAQ:FB) said on Tuesday it will not allow advertisements about the Georgia runoff election starting early Jan. 6 on its social media platform. (https:// ...
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By Elizabeth Pineau PARIS (Reuters) - French ministers told hospitality industry representatives at a meeting on Tuesday that restaurants and cafes will not re-open on the anticipated Jan. 20 date because COVID-19 case numbers are too high, two restaurant lobby groups said. The French hospitality sector had to close down its establishments on Oct. 30 because of a surge in infections. At...
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(Bloomberg) -- The net worth of White Americans hit a record high last year, driven by a stock-market rebound that defied the pandemic, while other ethnic groups saw their share of the nation’s wealth decline, according to recently released data from the Federal Reserve. Wealth held by White households rose to $98.6 trillion in the third quarter of 2020. That amounts to 84.6%...
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Investing.com – Canada equities were higher at the close on Tuesday, as gains in the Energy, Consumer Discretionary and REITs sectors propelled shares higher. At the close in Toronto, the S&P/TSX Composite rose 0.73% to hit a new 6-month high. The biggest gainers of the session on the S&P/TSX Composite were Crescent Point Energy Corp . (TSX:CPG), which rose 11.88%...
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(Reuters) - British stationery chain Paperchase on Tuesday filed a notice to appoint administrators from PwC as its sales were hurt by store closures due to the COVID-19 pandemic, joining a list of UK retailers pushed over the edge by the crisis. The process will put 1,500 jobs at risk, Sky News reported.(https:// "Paperchase is not immune despite our strong online...
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By Andrea Shalal WASHINGTON (Reuters) - The global economy is expected to expand 4% in 2021 after shrinking 4.3% in 2020, the World Bank said on Tuesday, although it warned that rising COVID-19 infections and delays in vaccine distribution could limit the recovery to just 1.6% this year. The World Bank's semi-annual forecast showed the collapse in activity due to the coronavirus...
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LONDON (Reuters) - The BBC said on Tuesday it would be providing its biggest education offer in its history as England and Scotland entered new lockdowns, which will see most children out of school. On Monday, England said most students would have to learn remotely and Scotland extended provisions that keep schools closed to all children, except those of key workers,...
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