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Reuters Business News
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Updated: 4 years 21 weeks ago
Germany will require all petrol stations to provide electric car charging
Germany said it will oblige all petrol stations to offer electric car charging to help remove refuelling concerns and boost consumer demand for the vehicles as part of its 130 billion euro ($146 billion) economic recovery plan.
Categories: Business News
Tech stocks have been a winning bet, but investors worry it will fade
A bet on tech companies has been a solid one in the aftermath of the coronavirus-induced market crash, but some investors are questioning whether those stocks can maintain their momentum if jobs do not recover soon.
Categories: Business News
Exclusive: Amazon in talks to buy $2 billion stake in Indian telco Bharti Airtel - sources
Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel , three people with knowledge of the discussions told Reuters, in a move that could turbocharge India's digital economy.
Categories: Business News
Futures slip ahead of jobless data
U.S. stock index futures slipped on Thursday as a rally fueled by optimism over an economic rebound from a coronavirus-led downturn ran out of steam, with investors awaiting a reading on weekly jobless claims.
Categories: Business News
Germany finally splurges, but not without fresh criticism
Under pressure from its European peers for years to spend more, Germany has finally served up a bumper stimulus package financed with new debt, but Berlin's rediscovered love to splurge is causing fresh unease among its neighbours.
Categories: Business News
HSBC, StanChart criticised for backing Hong Kong security law
Senior British politicians criticised HSBC and Standard Chartered on Thursday after the banks backed China's national security law for Hong Kong, in conflict with the British government's opposition to the proposed legislation.
Categories: Business News
China eases flight curbs after United States targets its carriers
China will ease coronavirus restrictions to allow more foreign carriers to fly to the mainland, shortly after Washington vowed to bar Chinese airlines from flying to the United States due to Beijing's curbs on U.S. airlines.
Categories: Business News
Tata Steel workers at Dutch plant vote to strike
Employees at Tata Steel's Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant's further integration with Tata's British operations, labour union FNV said.
Categories: Business News
Exclusive: GM plans electric van for business users in bid to pre-empt Tesla
General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the plans told Reuters.
Categories: Business News
British Airways boss says burning through cash, urges unions to engage
The boss of British Airways said its parent company IAG was burning through 178 million pounds ($223 million) a week and could not guarantee its survival, prompting him to urge unions to engage over 12,000 job cuts.
Categories: Business News
U.S. court blocks sales of Bayer's weed killer
German agrochemicals group Bayer AG has been blocked from selling its dicamba-based weed killer in the United States after an appeals court rejected a federal regulator's permit for the product.
Categories: Business News
U.S. airlines gain final approval to drop services to 75 domestic airports
Fifteen U.S. airlines were granted final government approval on Wednesday to temporarily halt service to 75 domestic airports as travel demand has been crushed due to the coronavirus pandemic.
Categories: Business News
Rally pauses ahead of ECB stimulus plan
The rapid rally in world markets finally paused for breath on Thursday, as traders waited to hear how much more stimulus the European Central Bank plans to shovel out to address the coronavirus slump.
Categories: Business News
South Korea seeks arrest of Samsung heir Lee in succession probe
South Korean prosecutors have requested an arrest warrant for Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans.
Categories: Business News
LVMH has explored coronavirus impact on Tiffany deal terms
LVMH 's board met this week to discuss the fallout from the coronavirus crisis on its $16.2 billion purchase of U.S. jeweller Tiffany , the luxury goods group said on Thursday, opening the door to a possible attempt to review the deal terms.
Categories: Business News
Oil drops on U.S. inventories and doubts over output cuts
Oil prices dropped on Thursday on doubts over the ability of crude producers to agree to extend record output cuts, heightened by worries over a build in U.S. fuel inventories.
Categories: Business News
GM to work closely with CATL in its China EV push: executive
General Motors will "work very closely" with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) as it ramps up electric production in the world's biggest auto market, a senior executive said.
Categories: Business News
South Korean court to review prosecution's arrest warrant request for Samsung heir
A South Korean court said on Thursday it will review the prosecution's request for an arrest warrant for Samsung Electronics vice chairman Jay Y. Lee.
Categories: Business News
Senators to announce sanctions bill on Russia's Nord Stream 2 gas pipeline
U.S. senators will announce a bill this week expanding sanctions on Russia's Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas.
Categories: Business News
Citi defies coronavirus with Western European corporate lending push
Citigroup is looking to ramp up its commercial banking operations across Europe, Middle East and Africa, plugging gaps left by rivals facing fallout from a coronavirus-induced recession.
Categories: Business News
