Reuters

Renault's Senard says relations with Nissan much improved

Reuters Business News - Thu, 06/11/2020 - 03:58
Renault 's partnership with Japan's Nissan has entered an "incredibly positive" phase after episodes of strained relations in recent years, the French carmaker's chairman Jean-Dominique Senard said on Thursday.
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British Airways to put artworks on sale in COVID-19 cash crunch

Reuters Business News - Thu, 06/11/2020 - 03:45
British Airways will sell at least 10 works of art from its extensive collection, a source said, to try to raise millions of pounds to boost its cash reserves as it struggles through the coronavirus pandemic.
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U.S. weekly jobless claims seen declining further, but millions still unemployed

Reuters Business News - Thu, 06/11/2020 - 03:26
Layoffs in the United States are abating, but millions who lost their jobs because of COVID-19 continue to draw unemployment benefits, suggesting the labor market could take years to heal from the pandemic even as businesses resume hiring workers.
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Unilever plans switch to British holding company to cut complexity

Reuters Business News - Thu, 06/11/2020 - 03:17
Unilever proposed combining its Dutch and British legal entities in a single holding company based in Britain on Thursday, after shareholders sank an earlier plan to move the global consumer goods group's headquarters to the Netherlands.
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Unilever's UK move is vote of confidence: British minister

Reuters Business News - Thu, 06/11/2020 - 03:17
Unilever's decision to base the company solely in Britain and not in the Netherlands represented a vote of confidence in the country, said British business minister Alok Sharma.
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Dutch government regrets Unilever's British HQ decision

Reuters Business News - Thu, 06/11/2020 - 03:09
The Dutch government on Thursday said it regretted Unilever's choice to base the company solely in Britain and not in the Netherlands.
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Just Eat Takeaway dip again after $7.3 billion U.S. Grubhub buy

Reuters Business News - Thu, 06/11/2020 - 02:58
European food-ordering firm Just Eat Takeaway.com NV's proposed $7.3 billion all-share acquisition of U.S. peer Grubhub Inc was met with investor scepticism, sending its shares down 2.5% to 83.26 euros at the start of trade on Thursday.
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Nokia names new finance chief in management revamp

Reuters Business News - Thu, 06/11/2020 - 02:40
Finnish telecoms equipment maker Nokia named a new finance chief on Thursday, completing an overhaul of its top executive team as it battles rivals Ericsson and Huawei [HWT.UL] for work on lucrative 5G networks.
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China auto sales up for second straight month after almost two-year slump

Reuters Business News - Thu, 06/11/2020 - 02:34
China's auto sales in May rose 14.5% from the same month a year earlier, industry data showed on Thursday, the second consecutive month of increase as the world's biggest vehicle market recovers from lows hit during coronavirus lockdowns.
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Nokia to replace CFO in management revamp

Reuters Business News - Thu, 06/11/2020 - 02:25
Finnish telecoms network maker Nokia said on Thursday it has appointed Marco Wiren as chief financial officer following changes of its chairman and chief executive this year.
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Tesla wins China approval to build Model 3 vehicles with LFP batteries: ministry

Reuters Business News - Thu, 06/11/2020 - 02:19
Tesla Inc has received government approval to build Model 3 vehicles in China equipped with lithium iron phosphate (LFP) batteries, a document on Ministry of Industry and Information Technology website showed.
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Just Eat Takeaway dip again after $7.3 billion U.S. Grubhub buy

Reuters Business News - Thu, 06/11/2020 - 02:11
European food-ordering firm Just Eat Takeaway.com NV's proposed $7.3 billion all-share acquisition of U.S. peer Grubhub Inc was met with investor scepticism, sending its shares down 2.5% to 83.26 euros at the start of trade on Thursday.
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Heathrow starts voluntary redundancy scheme, can't rule out more job losses

Reuters Business News - Thu, 06/11/2020 - 01:40
Britain's Heathrow Airport, which before the coronavirus pandemic was the busiest in Europe, said it had started a voluntary redundancy scheme after passenger numbers fell to an all-time low and it could not rule out further job losses.
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Nokia to replace also CFO in management revamp

Reuters Business News - Thu, 06/11/2020 - 01:29
Finnish telecoms network maker Nokia said on Thursday it has appointed Marco Wiren as chief financial officer following changes of its chairman and chief executive this year.
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Oil prices drop on concerns about patchy demand recovery, record U.S. stocks

Reuters Business News - Thu, 06/11/2020 - 01:13
Oil prices fell by about 4% on Thursday on worries about slow demand growth as coronavirus cases rise, with U.S. crude stockpiles hitting an all-time high and the U.S. Federal Reserve saying recovery from the pandemic could take years.
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Europe sets sights on dud antibody tests amid COVID-19 free-for-all

Reuters Business News - Thu, 06/11/2020 - 01:08
The market for COVID-19 antibody tests is red-hot. It has ballooned in a matter of months as hundreds of products flood the world for people who want to find out whether they've already had the virus.
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Asia stocks snap winning streak, bonds rally on downbeat Fed

Reuters Business News - Thu, 06/11/2020 - 01:00
Asian shares retreated on Thursday as a gloomy outlook from the U.S. Federal Reserve challenged market optimism on the global economy, while bonds rallied on speculation that yet more stimulus would be needed to ensure recovery.
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Asia stocks break winning streak, bonds rally on sober Fed

Reuters Business News - Wed, 06/10/2020 - 23:56
Asian shares swung lower on Thursday while bonds rallied after a downbeat economic outlook from the U.S. Federal Reserve stoked speculation it would have to add to already historic levels of stimulus to underpin a recovery.
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Despite pandemic, new U.S. solar capacity will grow 33% in 2020

Reuters Business News - Wed, 06/10/2020 - 23:43
New U.S. solar installations will increase by a third this year, a report published on Thursday showed, as soaring demand by utilities for carbon-free power more than outweighs a dramatic decline in rooftop system orders for homes and businesses due to the coronavirus pandemic.
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Factbox: How ride-hailers around the world are coping with the virus pummeling

Reuters Business News - Wed, 06/10/2020 - 23:42
Battered by lockdowns and movement restrictions in the coronavirus pandemic, ride-hailers around the world are cutting jobs and pay, and slashing other costs. In Southeast Asia, the pandemic has raised doubts whether the ride-hailing firms can maintain their promise of improving the lives of millions of poor.
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