LONDON: UK unemployment rose to its highest level since 2016 in the three months through September as the COVID-19 pandemic forced employers to shed workers, the Office for National Statistics said Tuesday (Nov 10). The unemployment rate increased to 4.8 per cent in the period, up 0.3 percentage ......
Shareholders of Unibail-Rodamco-Westfield (URW) have voted against a planned 3.5 billion euro (US$4.15 billion) rights issue, the shopping mall owner said on Tuesday.
BERLIN: Germany's Lufthansa on Tuesday launched an offering for around 525 million euros (US$620.97 million) of senior unsecured convertible bonds due in 2025. The airline, which is reeling from the impact of the coronavirus pandemic on travel, said it would use the proceeds for general corporate ...
German sportswear firm Adidas expects sales to return to growth in China in the fourth quarter and predicted a similar level of sales decline overall as it reported in the third when it saw a rebound from earlier coronavirus lockdowns.
German logistics group Deutsche Post AG said on Tuesday it was working on securing the capacity it needs to handle a big rise in ecommerce over the Christmas season, which will determine whether it meets the upper end of its outlook.
An apparent breakthrough in a coronavirus vaccine weakens the case for another large U.S. fiscal stimulus bill, but relief is still needed for struggling businesses to create a bridge for the economy, investors said.
BEIJING/SHANGHAI: China's market regulator on Tuesday published draft rules aimed at preventing monopolistic behavior by internet platforms, in a move that will increase scrutiny on the country's e-commerce marketplaces and payment services. China's State Administration for Market Regulation ...
Microsoft Corp on Tuesday launched two models of its Xbox gaming console, seven years after the debut of the previous version, to capture a pandemic-driven boom in consumer spending on games.
Huawei plans to sell budget-brand smartphone unit Honor in a 100 billion yuan (US$15.2 billion) deal to a consortium led by handset distributor Digital China and the government of its home town of Shenzhen, people with knowledge of the matter told Reuters.
ROME: The G20 major economies are "moving in the wrong direction" in response to the coronavirus pandemic by using stimulus spending to support industries and companies that rely heavily on planet-warming fossil fuels, researchers said on Tuesday (Nov 10). Despite repeated pledges to end subsidies ...
