LONDON (Reuters) – A plan to simplify British clothing retailer Primark’s in-store retail management structure will result in the net loss of about 400 jobs, the finance chief of owner Associated British Foods said on Thursday. “A number of roles are going to be affected. Will there be a net reduction? Yes. And that net …
Britain’s Primark to cut 400 store management jobs Read More »
A look at the day ahead from Sujata Rao. Prospects for war just do not bother markets the way they used to. U.S. President Joe Biden reckons Russia intends to “move in” on Ukraine, and even sowed doubt over whether the West would retaliate against any “minor incursion”. Yet buyers have stepped in to lift …
Marketmind: “Moving in” (on stock market bargains) Read More »
By Uditha Jayasinghe and Swati Bhat COLOMBO (Reuters) -The Sri Lankan central bank raised interest rates on Thursday, as expected, shifting its focus to controlling inflation, curbing imports and attracting foreign capital as it looks to build reserves and avoid a potential default later in the year. The island nation has reiterated its commitment to …
Sri Lanka central bank raises rates to rein in prices; boost reserves Read More »
NAIROBI (Reuters) -Kenyan-based mobile commerce platform and goods distributor Copia Global has raised $50 million from investors to fund its expansion into the rest of Africa, the firm said on Thursday. Copia is among a group of African start-ups that aim to use information technology to solve the continent’s problems, like highly fragmented and informal …
Kenyan retail distributor Copia secures $50 million for Africa expansion Read More »
By Ryan Woo and Tingshu Wang ANSHAN, China (Reuters) – “Today … the first game in the Winter Olympics … begins!” The shout rings through a coterie of onlookers by a frozen pond as 12 men, in helmets and other hockey gear, take position on a makeshift rink under a pale sun and sapphire sky. …
On a frozen pond far from the Olympics, meet China’s ice hockey veterans Read More »
(Reuters) -London-focused office-space provider Workspace Group said on Thursday customer demand has remained strong despite sector-wide concerns about the impact from the recent surge in coronavirus cases in the UK. Office space providers including Workspace are limping back to recovery after being forced to realign their business models and strategies as tenants increasingly weigh in …
Workspace says customer demand robust despite Omicron impact Read More »
PARIS (Reuters) – Inflation in the euro zone will decrease gradually over the year as its main drivers, such as surging energy prices and supply bottlenecks, are expected to ease, European Central Bank (ECB) head Christine Lagarde told France Inter radio. “This will stabilise and ease gradually in the course of 2022,” she said. Asked …
ECB’s Lagarde: Inflation drivers will ease gradually in 2022 Read More »
By Alexandra Alper and Andrea Shalal WASHINGTON (Reuters) -President Joe Biden on Wednesday said it was too soon to make commitments on lifting U.S. tariffs on Chinese goods, but his chief trade negotiator Katherine Tai was working on the issue. “I’d like to be able to be in a position where I could say they’re …
Biden says ‘not there yet’ on possible easing of tariffs on Chinese goods Read More »
By Anshuman Daga SINGAPORE (Reuters) – A small blank-check firm backed by state investor Temasek made its Singapore debut on Thursday, marking the first such local listing as Singapore steps up a drive to emerge as a key venue for listings of this type. This came four months after Singapore Exchange allowed special purpose acquisition …
Singapore lists first SPAC as Asia investors warm up to blank check firms Read More »
By Aditi Shah and Aditya Kalra NEW DELHI (Reuters) – Talks between India and Tesla Inc over potential tax benefits are deadlocked as the government is not keen to give the company any breaks without a commitment to manufacture locally, people familiar with the discussions told Reuters. Tesla is desperate to import and sell its …
India, Tesla in ‘weird stalemate’ on tax cut demands with no investment pledge-sources Read More »
