Reuters UK Business Archives - Page 1735 of 1737

Kellogg reaches tentative deal with union after 2 months of strike

3 Dec 2021 3 Dec 2021

(This Dec. 2 story corrects throughout to say “transitional” workers, not “temporary”, replaces the word “permanent” with “legacy”, and removes reference to 30% temporary workers in fourth paragraph) (Reuters) – Kellogg Co said on Thursday it has reached an agreement with the union on a new five-year contract for its employees at a few breakfast-cereal …

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Google real estate executive says 5% more workers coming in to office each week

3 Dec 2021 3 Dec 2021

By Paresh Dave and Julia Love SAN FRANCISCO (Reuters) – Alphabet Inc’s Google has seen an increasing number of employees coming in to its offices each week, particularly younger workers, the company’s real estate chief said during an interview at the Reuters Next conference on Friday. On Thursday, Google indefinitely pushed back the mandated return …

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USTR backs efforts to strengthen U.S. EV industry despite objections

3 Dec 2021 3 Dec 2021

By David Lawder (Reuters) – The U.S. Trade Representative’s office said on Friday it was committed to legislation strengthening the domestic electric vehicle industry despite objections from Mexico and Canada over a proposed tax credit for electric vehicles built by U.S. union workers. The proposed $12,500 electric vehicle tax credit would include $4,500 for EVs …

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Ireland to temporarily reopen COVID-19 unemployment payment scheme

3 Dec 2021 3 Dec 2021

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 …

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UK’s Sainsbury’s postpones Christmas parties due to Omicron emergence

3 Dec 2021 3 Dec 2021

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 …

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EU gives first nod to disbursement of 10 billion euros to Spain under recovery plan

3 Dec 2021 3 Dec 2021

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 …

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European shares end bumpy week with losses

3 Dec 2021 3 Dec 2021

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 …

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Don’t be overly generous with bonuses, EU watchdog tells banks

3 Dec 2021 3 Dec 2021

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 …

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Roche says Nestle Chairman Bulcke to leave its board of directors

3 Dec 2021 3 Dec 2021

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 …

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Gas price windfall makes Gazprom patient over Nord Stream 2 delay

3 Dec 2021 3 Dec 2021

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 …

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