Economy & Finance

McDonald’s discriminates against Black franchisees, lawsuit claims

McDonald’s discriminates against Black franchisees, lawsuit claims

Published 01/09/2020

(Reuters) - McDonald’s Corp has been sued by 52 Black former franchise owners who accused the fast-food giant of racial discrimination by steering them to [more…]

Philippines says won’t stop projects with China firms blacklisted by U.S.

Philippines says won’t stop projects with China firms blacklisted by U.S.

Published 01/09/2020

MANILA (Reuters) - The Philippines will not halt infrastructure projects involving Chinese firms blacklisted by ally the United States and will act in its own [more…]

Telcos get 10 years to pay India dues, pain not over for Vodafone

Telcos get 10 years to pay India dues, pain not over for Vodafone

Published 01/09/2020

NEW DELHI (Reuters) - Heavily indebted Indian telecoms firm Vodafone Idea (VODA.NS) won some reprieve on Tuesday as the country’s top court gave mobile carriers [more…]

Betting on Asia’s debt, Europe’s hunt for yield heads east

Betting on Asia’s debt, Europe’s hunt for yield heads east

Published 01/09/2020

SINGAPORE/AMSTERDAM (Reuters) - Low yields at home are sending some previously shy European investors into Asia’s credit markets, money managers say, lured by the promise [more…]

ECB’s De Guindos sees a strong rebound of euro zone economy in third-quarter

ECB’s De Guindos sees a strong rebound of euro zone economy in third-quarter

Published 01/09/2020

MADRID (Reuters) - The euro zone economy has experienced a strong recovery in the third quarter even though the most recent incoming data in August [more…]

German manufacturing recovery remains on track in August: PMI

German manufacturing recovery remains on track in August: PMI

Published 01/09/2020

BERLIN (Reuters) - German manufacturers’ recovery from lockdown measures continued last month, with output growing at the fastest pace since February 2018, a survey showed [more…]

Citi’s Rousseau to focus on France, financial advisory across EMEA

Citi’s Rousseau to focus on France, financial advisory across EMEA

Published 01/09/2020

LONDON (Reuters) - Citigroup (C.N) has hired Robin Rousseau as a vice chairman of investment banking for Europe, the Middle East and Africa, a memo [more…]

Spanish prime minister moderately optimistic about economic recovery

Spanish prime minister moderately optimistic about economic recovery

Published 01/09/2020

MADRID (Reuters) - Spanish Prime Minister Pedro Sanchez said on Tuesday he was moderately optimistic about the country’s economic recovery from its worst downturn on [more…]

European shares boosted by tech- all eyes on upcoming data

European shares boosted by tech- all eyes on upcoming data

Published 01/09/2020

(Reuters) - Technology stocks drove European shares higher on Tuesday, but sentiment was shaky ahead of key economic readings that are likely to indicate an [more…]

Big Oil’s patchy deals record casts shadow over green makeover

Big Oil’s patchy deals record casts shadow over green makeover

Published 01/09/2020

LONDON (Reuters) - As major oil companies prepare to spend billions on renewable energy assets to stay relevant in a low-carbon future, the industry’s patchy [more…]