(Reuters) -New York Governor Kathy Hochul said on Friday that starting next week, face coverings must be worn inside all businesses and venues unless they have implemented a vaccine requirement, as cases of COVID-19 rise in the state. The measure will be in effect from Dec. 13 to Jan. 15 in order to curb the …
By Huw Jones LONDON (Reuters) – Britain’s banks must complete a systematic review of risks from their equity finance business by the end of March in light of Archegos Capital Management’s collapse, financial regulators said on Friday. Bonuses should also reflect whether executives carry out any necessary improvements in a timely way, the Bank of …
Check for Archegos-style risks, Bank of England tells banks Read More »
By Essi Lehto and Mike Stone HELSINKI/WASHINGTON (Reuters) – Finland has chosen U.S. defence giant Lockheed Martin’s F-35 fighters to replace ageing F/A-18 combat jets and plans to order 64 planes with weapons systems in a $9.4 billion deal, the government said on Friday. Lockheed Martin competed in a tender for the deal with Sweden’s …
Finland orders 64 Lockheed F-35 fighter jets for $9.4 billion Read More »
By Aby Jose Koilparambil and Yadarisa Shabong (Reuters) -Activist investor Elliott called on Friday for Britain’s Taylor Wimpey to replace its departing chief executive Pete Redfern with an external candidate, saying there had been “missteps” at the FTSE 100 company over the years. Elliott has in recent months ramped up its campaign for changes in …
Elliott calls for external CEO at Britain’s Taylor Wimpey Read More »
By Andy Bruce LONDON (Reuters) – Britain’s trade performance is lagging increasingly behind that of other similar economies, according to data that suggest Brexit has had a detrimental effect on exports, on top of the COVID-19 pandemic. Britain is the only Group of Seven advanced economy to have failed to regain the level of goods …
Brexit Britain lags behind in G7 goods trade rankings Read More »
STOCKHOLM (Reuters) -Volvo Cars said on Friday it had launched an investigation into a cyber security breach and the theft of some research and development data that could impact the company’s operation. A spokesperson for the firm, majority owned by China’s Geely Holding, said it had been approached by a third party, but declined to …
(Reuters) -France’s LVMH has reached an agreement with Italian group Marcolin to buy a 49% stake in Thelios, increasing its holding in the upscale Italian eyewear manufacturer for labels including Dior, Fendi and Celine. Marcolin will also buy back the 10% stake LVMH acquired in the firm when Thelios was founded in 2017, the companies …
LVMH to buy Marcolin’s 49% stake in joint-venture Thelios Read More »
By Guy Faulconbridge and Kylie MacLellan LONDON (Reuters) – British Prime Minister Boris Johnson faced mounting pressure on Friday after his Conservatives lost their poll lead over Labour and it was revealed that his communications chief attended a festive gathering in Downing Street during a lockdown last year. Johnson, who won a landslide victory in …
Party furore deepens for Britain’s Johnson, spokesman was at lockdown gathering Read More »
JOHANNESBURG (Reuters) -The South African rand firmed on Friday after U.S. inflation data came in line with expectations, taking off worries from investors’ minds that the Federal Reserve could go for an aggressive taper plan. The rand traded at 15.945 against the dollar at 1510 GMT, 0.11% stronger than its previous close, but remained in …
South African rand firms after in-line U.S. inflation data Read More »
PARIS (Reuters) -Societe Generale Chief Executive Frederic Oudea will take control of the French bank’s risk and compliance functions as it drew a line under U.S. legal proceedings that cost it $2.7 billion. Deputy CEO Diony Lebot, who has overseen remediation programmes related to the 2018 legal proceedings, will take over responsibility for the bank’s …
SocGen CEO takes over risk controls after U.S. penalties Read More »
