LONDON (AP) — Unions protested at British ports Friday, demanding the government step in to save jobs and protect key trade routes after major ferry operator P&O Ferries fired 800 U.K. crew members to replace them with cheaper contract staff. P&O has canceled all its ferry crossings between Britain and continental Europe, threatening to disrupt…
LONDON (Reuters) – British consumers’ spending on credit and debit cards slipped back slightly in the week to March 10 to match its average level in February 2020, weekly Bank of England CHAPS data published by the Office for National Statistics showed on Friday. Retail footfall in the week to March 12 was up 3%…
(Fixes typo in paragraph two) By Kantaro Komiya and Ju-min Park TOKYO (Reuters) – Japan will impose sanctions on 15 Russian individuals and nine organisations, it said on Friday, among them defence officials and the state-owned arms exporter, Rosoboronexport. The sanctions, which include the freezing of assets, are Japan’s latest measures since Russia’s invasion of…
BANGKOK (AP) — Norwegian telecoms giant Telenor said Friday that regulators in Myanmar have approved its plan to sell its business there. After the military ousted Myanmar’s elected government last year, Telenor Group announced it would sell its business there to the M1 Group, a Lebanese-based investment firm. It also wrote off the value of…
(Reuters) – The recent surge in COVID-19 cases across China is likely to have a minimal impact on the country’s GDP this year, two brokerages said in their reports, while adding it could hurt demand for some commodities. China reported 2,388 new local cases with confirmed symptoms on March 17, almost double the count a…
By Anshuman Daga, Pamela Barbaglia and Andres Gonzalez SINGAPORE/LONDON (Reuters) – Global infrastructure funds have approached Vodafone to invest in its $16 billion mast company Vantage Towers but the telecoms giant’s preference is for an industry merger, sources familiar with the matter told Reuters. The bidders, which include investment firms Brookfield and Global Infrastructure Partners…
A look at the day ahead in markets from Dhara Ranasinghe. The end of the week is in sight and one thing is clear, central banks increasingly appear to be on different paths and investors are not entirely convinced that it’s the right one. So even as the Federal Reserve kicked off its rate hiking…
Stocks recovered from an early slide on Wall Street and closed broadly higher Friday, notching their biggest weekly gain in 16 months. The S&P 500 rose for the fourth straight day, adding 1.2% to a streak that included back-to-back days with gains of 2%. The Dow Jones Industrial Average rose 0.8%, while the Nasdaq composite…
TOKYO (Reuters) – Toyota Motor Corp said on Friday that it would suspend operations on 18 lines at 11 domestic factories next week, mostly for three days, due to a parts shortage from suppliers hit by the magnitude 7.3 earthquake this week. It did not provide an estimate for lost production in its statement. (Reporting…
NEW DELHI (AP) — The state-run Indian Oil Corp. bought 3 million barrels of crude oil from Russia earlier this week to secure its energy needs, resisting Western pressure to avoid such purchases, an Indian government official said Friday. The official said India has not imposed sanctions against buying oil and will be looking to…
