DUBLIN (Reuters) – Ireland is to temporarily restart its COVID-19 Pandemic Unemployment Payment scheme for people who lose their jobs as a result of new restrictions on the entertainment sector, deputy prime minister Leo Varadkar said on Friday. “I don’t think this will be a large number of people, maybe in the thousands,” who will …
Ireland to temporarily reopen COVID-19 unemployment payment scheme Read More »
LONDON (Reuters) -British supermarket group Sainsbury’s has postponed all Christmas parties until the new year, fearing the emergence of the coronavirus Omicron variant could lead to higher staff absence levels during the key festive trading period. There have been 42 confirmed cases of the variant in Britain, which appears to be more transmissible, while tests …
UK’s Sainsbury’s postpones Christmas parties due to Omicron emergence Read More »
BRUSSELS (Reuters) – The European Commission said on Friday it had given preliminary approval to the disbursement of 10 billion euros ($11.3 billion) in grants to Spain under the EU recovery plan. The disbursement is part of the European Union’s wider, 27-nation plan to support the recovery of the European economy from the slump caused …
EU gives first nod to disbursement of 10 billion euros to Spain under recovery plan Read More »
By Anisha Sircar and Susan Mathew (Reuters) -European shares fell on Friday, hitting session lows after a downturn in U.S. stocks on a tech slide and fears around the Omicron coronavirus variant hitting economic recovery. The pan-European STOXX 600 erased morning gains to close down 0.6% after swinging between losses and gains all week on …
By Huw Jones LONDON (Reuters) – Banks in the European Union have swelled their capital buffers and boosted profitability over the past year, but they must not be “overly generous” in paying bonuses and dividends given the risk of abrupt market pullbacks, the bloc’s banking watchdog said on Friday. The European Banking Authority (EBA) said …
Don’t be overly generous with bonuses, EU watchdog tells banks Read More »
ZURICH (Reuters) – Roche board member Paul Bulcke, the current chairman of Nestle, will stand down from the Swiss drug-maker’s board of directors after its annual general meeting next year, the company said on Friday. Bulcke, who has been a member the Roche board since 2011, decided not to stand for re-election at the AGM …
Roche says Nestle Chairman Bulcke to leave its board of directors Read More »
By Vladimir Soldatkin and Oksana Kobzeva MOSCOW (Reuters) – Windfall revenues from high European gas prices mean Russia’s Gazprom will not start pumping gas through the Nord Stream 2 pipeline before certification and it will not press Germany to speed up the process, two sources said. Pumping gas without the German approval would only incur …
Gas price windfall makes Gazprom patient over Nord Stream 2 delay Read More »
By Bansari Mayur Kamdar (Reuters) – London’s FTSE 100 erased early gains to end lower on Friday as losses in miners eclipsed rise in energy stocks, while Wickes Group soared on an upbeat profit outlook. After rising as much as 0.9%, the FTSE 100 ended 0.1% lower as base metal miners declined, tracking weakness in …
London’s FTSE 100 down as miners weigh; Wickes group soars Read More »
By Paul Lienert (Reuters) – Ford Motor Co expects to be the world’s second largest electric vehicle manufacturer within two years, with annual production capacity of nearly 600,000, a top company executive said Friday. The automaker’s optimism stems from increasing demand for its next new EV, the Ford F-150 Lightning pickup, with retail reservations approaching …
Ford aims to be world’s #2 electric vehicle maker within two years – COO Read More »
By Stefano Rebaudo (Reuters) -Sterling weakened on Friday as the potential for earlier Federal Reserve interest rate hikes strengthened the dollar, while there was still uncertainty about whether the Bank of England will lift rates this month. BoE policymaker Michael Saunders, who voted for an interest rate hike in November, said on Friday he wanted …
Sterling extends losses as dollar rises after U.S. data Read More »
