By Andy Bruce LONDON (Reuters) -British households ate out less and spent more on goods as the Omicron coronavirus variant spread last week, according to data on Thursday that could mean inflation stays high for longer if it marks a return to behaviour seen earlier in the pandemic. Bank of England policymakers had been counting …
Goods, not services, back in vogue with UK consumers as Omicron spreads Read More »
(Reuters) – Blank-check firm Disruptive Capital Acquisition Co said on Thursday it had ended talks with River and Mercantile to buy the British fund manager’s pensions business, clearing the decks for Schroders to acquire the unit. UK-based R&M, itself a takeover target, last week rejected DCAC’s informal approach to take over the business, just weeks …
Disruptive Capital ends talks with River and Mercantile over pensions business buyout Read More »
By Elvira Pollina and Maria Pia Quaglia MILAN (Reuters) -Italy’s antitrust watchdog said on Thursday it had fined Amazon 1.13 billion euros ($1.28 billion) for alleged abuse of market dominance, in one of the biggest penalties imposed on a U.S. tech giant in Europe. Amazon said it “strongly disagreed” with the Italian regulator’s decision and …
Italy fines Amazon record $1.3 billion for abuse of market dominance Read More »
By Stephanie Nebehay and Josephine Mason GENEVA (Reuters) -The World Health Organization (WHO) recommended on Thursday that people who are immunocompromised or received an inactivated COVID-19 vaccine should receive a booster dose to protect against waning immunity. Many countries have been rolling out booster shots, targeting the elderly and people with underlying health issues, but …
People with health issues or inactivated vaccine should get COVID-19 booster – WHO Read More »
By Fransiska Nangoy NUSA DUA, Indonesia (Reuters) – G20 president Indonesia will seek a synchronised global policy normalisation as developed nations began to tighten monetary policy as their economies recover from the COVID-19 pandemic, the country’s top economic leaders said on Thursday. The comments were made as Indonesia kicked off the first meetings for G20’s …
Indonesia seeks synchronised monetary exit policy at G20 Read More »
By Stephanie Nebehay and Josephine Mason GENEVA (Reuters) – The World Health Organization (WHO) recommended on Thursday that people who are immunocompromised or received an inactivated COVID-19 vaccine should receive a booster dose to protect against waning immunity. Many countries have been rolling out booster shots, targeting the elderly and people with underlying health issues, …
People with health issues or inactivated vaccine should get COVID-19 booster – WHO Read More »
By Sophie Yu and Josh Horwitz BEIJING (Reuters) -For more than a decade, Alibaba Group has been China’s undisputed e-commerce king but of late its crown has shown signs of slipping, unsettled by an influx of aggressive competitors into the sector. This week, Alibaba announced it was reorganising its e-commerce businesses https://www.reuters.com/technology/alibaba-names-toby-xu-cfo-2021-12-06 into two units, …
Alibaba’s e-commerce empire under threat from Douyin, Pinduoduo Read More »
By Richard Lough PARIS (Reuters) -A day ahead of a European deadline, France said it was still waiting for Britain to approve nearly 100 licences for its fishermen to operate in UK territorial waters and off Jersey and that last-gasp negotiations were ongoing. Fishing rights plagued Brexit talks for years and continue to poison relations …
France says it will fight for every UK fishing licence as European deadline looms Read More »
(Reuters) – The chief executive of Better.com apologized for his manner of handling layoffs at the mortgage company after a video of him firing 900 people last week via a Zoom call went viral on social media. Vishal Garg, who has come under intense criticism after the SoftBank-backed company laid off about 9% of its …
Better.com CEO apologizes after laying off 900 employees via Zoom call Read More »
STOCKHOLM (Reuters) – The European Commission published draft rules on Thursday to give workers at online platform companies such as Uber and Deliveroo better social rights, but which companies say could lead to job losses and more litigation in court. Following are initial reactions to the proposals: UBER SPOKESPERSON: “Uber is committed to improving the …
Companies divided on draft EU rules for gig economy workers Read More »
