Europe Business

Oil rises as U.S. oil stockpiles drop, new Chinese COVID-19 cases decline

04h32 Oil prices climbed on Wednesday after industry data showed U.S. crude stockpiles fell unexpectedly last week and China, the world's second-biggest oil user, reported its lowest daily rise in COVID-19 cases, bolstering hopes of a. . .  Full story

ANALYSIS-Chinese majors to struggle to extend shale gas boom beyond 2025

03h33 Chinese oil majors will struggle to extend fast growth in shale gas production beyond 2025, as complex geology and failure to draw in more investors make it expensive to develop the unconventional resource.. . .  Full story

Gold steady ahead of U.S. Fed policy decision

02h52 Gold prices held steady on Wednesday ahead of the U.S. Federal Reserve's monetary policy decision due later in the day and as investors awaited a stimulus package in the world's largest economy.. . .  Full story

UK, Switzerland to push ahead with financial services deal

02h01 Britain and Switzerland will press on with plans to strike a trade deal for their vast financial services industries, finance minister Rishi Sunak said on Wednesday ahead of talks with his Swiss counterpart.. . .  Full story

Oil prices steady as virus deaths rise, demand worries persist

26/01 Oil prices were little changed on Tuesday as rising coronavirus deaths fed worries about the global demand outlook, but losses were capped by reports of a blast in Saudi Arabia.. . .  Full story

Serbia to spend 2.5 billion euros to aid recovery from coronavirus crisis -president

26/01 Serbia plans to spend about 2.5 billion euros ($3.04 billion) in loans and subsidies to businesses and payments to pensioners and other citizens to help them cope with the economic impact of the coronavirus,. . .  Full story

New LNG projects will start going ahead, but green credentials to be closely watched - execs

26/01 Companies will press ahead with some new liquefied natural gas (LNG) projects despite pressure on lenders to divert funding from fossil fuels, industry executives said at the annual European Gas Conference, but scrutiny of their. . .  Full story

UniCredit set to appoint Andrea Orcel as CEO - source

26/01 UniCredit is set to name Andrea Orcel as chief executive, a person familiar with the matter said on Tuesday, putting one of Europe's best-known dealmakers at the helm just as the coronavirus crisis is. . .  Full story

Renewables firm Voltalia posts record quarterly sales

26/01 French renewables company Voltalia SA on Tuesday reported its highest quarterly sales ever, a 65% jump at constant currency, boosted by new wind and solar plants.. . .  Full story

Gold edges down on U.S. stimulus worries, softer dollar limits losses

26/01 Gold prices edged lower on Tuesday on concerns over a fresh U.S. coronavirus aid package, while a slightly weaker dollar and subdued treasury yields limited losses and investors kept a close eye on the. . .  Full story

Aviva sets Feb deadlines for $6.6 bln disposals in France, Poland -sources

26/01 Aviva has set late February deadlines to receive final offers for its operations in France and Poland - a deal that would help the British insurer streamline operations and raise an overall 5.5 billion. . .  Full story

UK airline bosses criticise hotel quarantine plan, seek support

26/01 The bosses of airlines including British Airways, Virgin Atlantic and easyJet criticised on Tuesday a possible plan for mandatory quarantine in hotels for some or all arrivals to Britain and called for a support package.. . .  Full story

Working from home is losing its effectiveness, bank execs say

26/01 Working from home has been surprisingly successful for global banks during the first year of the coronavirus pandemic but is losing its effectiveness, two prominent industry executives said on Tuesday at a virtual meeting of. . .  Full story

European Union plans to shut door to travelers from Japan amid COVID-19 surge -Bloomberg

26/01 European Union governments plan to remove Japan from their list of nations whose residents should be allowed to visit the bloc during the ongoing phase of the coronavirus outbreak, Bloomberg https://bloom.bg/2KVUzUs reported on Tuesday, citing. . .  Full story

Spanish PM appoints new health minister amid worsening pandemic

26/01 Spanish Prime Minister Pedro Sanchez appointed Regional Policy Minister Carolina Darias as the new health minister on Tuesday after her predecessor resigned to run in an election in a move criticised by the opposition amid. . .  Full story

Weakening dollar lifts copper as rally loses momentum

26/01 Copper rose on Tuesday as the dollar weakened, making metals cheaper for buyers outside the United States, but the slow progress of U.S. stimulus measures and concerns about Chinese demand capped gains.. . .  Full story

UK will see 'quite a lot more' COVID deaths - England's Chief Medical Officer

26/01 Britain will see more deaths from coronavirus before a vaccination programme takes effect, England's chief medical officer Chris Whitty said on Tuesday after the country's death toll exceeded 100,000.. . .  Full story

EU drugs agency says it is advising makers of Russian vaccine

26/01 The European Medicines Agency (EMA) is in the process of offering advice to the developers of the Russian Sputnik V COVID-19 vaccine, but is not currently reviewing it for approval, the agency's chief said. . .  Full story

Airline outlook dims again as new travel curbs threaten summer

26/01 Recovery prospects for Europe's coronavirus-stricken airlines are slipping from bad to worse, as a British minister warned on Tuesday against booking summer holidays and Germany mulled a drastic new clampdown on travel even within the. . .  Full story

Earnings lifts European shares, German DAX outperforms

26/01 European stocks rose on Tuesday as strong earnings from wealth manager UBS and auto parts maker Autoliv added to a string of upbeat corporate updates, while the International Monetary Fund raised its forecast for. . .  Full story

UK PM Johnson: We did everything we could to minimise COVID loss of life

26/01 British Prime Minister Boris Johnson said his government had done everything it could to minimise loss of life in the coronavirus pandemic after the country's death toll exceeded 100,000.. . .  Full story

UK PM Johnson: Sorrow of 100,000 COVID-19 death toll "hard to compute"

26/01 The sorrow of Britain's COVID-19 death toll, which passed 100,000 on Tuesday, was hard to compute, Prime Minister Boris Johnson said.. . .  Full story

London stocks climb as AstraZeneca, Indivior jumps

26/01 British stocks ended higher on Tuesday after drugmaker AstraZeneca denied reports that its COVID-19 vaccine was less effective in the elderly population, while Indivior surged after its former parent withdrew a $1.4 billion legal claim.. . .  Full story

Champagne loses its fizz as pandemic hits sales

26/01 Champagne fell flat last year, with sales tumbling as the pandemic forced drinking venues to close and celebratory events were put on ice, although some year-end cheer meant the decline was less steep than. . .  Full story

Italian yields drop as PM looks to form new government

26/01 Italian government bond yields dropped across the curve on Tuesday as Prime Minister Giuseppe Conte prepared to try to form a new government, raising hopes for a return of some political stability.. . .  Full story

Evotec shares rise amid speculation Melvin Capital closing short positions

26/01 Evotec rose sharply on Tuesday amid market speculation that Melvin Capital Management was unwinding its positions in the German drugmaker after some of its investments turned sour.. . .  Full story

ECB's Villeroy says financing conditions key to policy transmission

26/01 The European Central Bank remains committed to its inflation target but has to focus on financing conditions to ensure its accommodative monetary policy flows freely through the economy, ECB policymaker Francois Villeroy de Galhau said. . .  Full story

Spanish house prices up in 2020, property portal says

26/01 Spanish house prices grew 1.6% in 2020 after falling in the previous year, online property portal Fotocasa said on Tuesday, in a sign that demand for real estate remains high despite the coronavirus pandemic.. . .  Full story

PharmaMar soars 21% after journal Science confirms drug's efficacy against COVID

26/01 Shares in Spanish pharmaceutical company PharmaMar spiked over 20% on Tuesday after it cited a paper published by peer-reviewed journal Science that confirmed "potent preclinical efficacy" of its drug Aplidin against COVID-19.. . .  Full story

EU looks to Tesla, BMW and others to charge $3.5 bln battery project

26/01 The European Union has approved a plan that includes giving state aid to Tesla, BMW and others to support the production of electric vehicle batteries, helping the bloc to cut imports and compete with industry. . .  Full story

Czech poultry markets, outside flocks banned over bird flu

26/01 The Czech Ministry of Agriculture on Tuesday shut poultry markets and exhibitions and banned farmers from keeping flocks of fowl outside after fresh cases of bird flu were detected in the country's south.. . .  Full story

HSBC 'aiding crackdown on democracy', British lawmakers say

26/01 HSBC is "aiding and abetting one of the biggest crackdowns on democracy in the world", British lawmaker Chris Bryant told the bank's chief executive Noel Quinn on Tuesday in a hearing over its freezing of. . .  Full story

Hong Kong police obtain financial records of arrested democracy activists

26/01 Hong Kong authorities are scrutinizing the financial records of pro-democracy activists as they crack down on political opposition, according to some activists and a senior bank executive.. . .  Full story

Britain pins global cooperation hopes on shared climate fears

26/01 Shared concern over climate change could help strengthen global cooperation more broadly in the run-up to a U.N. climate summit in November, its British president Alok Sharma said on Tuesday.. . .  Full story

'Big bang' end for Libor could overload markets, bankers say

26/01 A "big bang" end for interest rate benchmark Libor in December this year could leave banks and their customers struggling to switch trillions of dollars worth of transactions to an alternative, bankers said on. . .  Full story

Merkel's chief of staff triggers fierce debt-brake debate

26/01 Chancellor Angela Merkel's chief of staff opened the door for continued deficit spending on Tuesday with a proposal to soften Germany's debt issuance law, because Berlin would not be able to stick to the. . .  Full story

IMF cuts Britain's 2021 growth outlook after COVID surge

26/01 The International Monetary Fund cut Britain's growth outlook for 2021 on Tuesday due to a resurgence in coronavirus cases, and forecast it would take until next year before the economy regains its pre-pandemic strength.. . .  Full story

EU lawmakers back tougher measures to cut waste, require greener products

26/01 Lawmakers in European Parliament's environment committee on Tuesday called for stricter EU measures to stop materials being thrown away or wasted, including binding requirements to include recycled content in products and curb raw materials use.. . .  Full story

German conservative leader: the debt brake must stay

26/01 Germany's constitutionally-enshrined debt brake must remain in place, the new leader of Chancellor Angela Merkel's conservative party told his party's legislators, according to participants in the closed meeting.. . .  Full story

Japan's SoftBank eyes stake in Polish online shoe shop eobuwie -sources

26/01 Japan's SoftBank Group is among investors interested in buying a stake in Polish online shoe shop eobuwie from retailer CCC, two sources familiar with the situation said.. . .  Full story

EU to monitor vaccine exports, but says it's not a ban

26/01 The European Commission will finalise a proposal by the end of the week to require pharmaceutical firms to register their vaccine exports from the European Union, while insisting it had no plans to impose. . .  Full story

Spain extends rent moratorium amid worsening COVID-19 crisis

26/01 The Spanish government on Tuesday extended until May a moratorium on rent for the most vulnerable tenants amid a worsening coronavirus crisis, as well as the automatic renewal of rental contracts expiring during the pandemic.. . .  Full story

Who needs to sit next to a trader? Asset managers embrace outsourcing

26/01 More pension funds, insurers and asset managers are outsourcing part or all of their dealing desks to specialist traders as they seek to cut costs and adapt their operations to deal with the coronavirus. . .  Full story

UK minister declines to "speculate" on COVID hotel quarantine plan

26/01 Britain's interior minister Priti Patel said she would not speculate on the introduction of hotel quarantines for people arriving in the country ahead of an announcement expected later on Tuesday.. . .  Full story

Iran urges Biden to lift sanctions affecting medicines as it fights COVID-19

26/01 Iran urged U.S. President Joe Biden on Tuesday to lift sanctions which it said were hampering Tehran's fight against the COVID-19 pandemic.. . .  Full story

Russia's measures to stabilise domestic food prices

26/01 The Russian government has formally approved a proposal to impose a higher export tax on wheat from March 1, it said on Tuesday, in another push to curb a rise in domestic food prices. . .  Full story

German regulator, stung by past failings, extends oversight of N26 - sources

26/01 Germany's financial regulator BaFin is extending its oversight of online bank N26 to cover the whole company, two people with knowledge of the matter said, as the watchdog tightens controls following the collapse of payments. . .  Full story

Barilla boosts women's representation in executive roles, achieves pay equality

26/01 Italian food company Barilla last year increased women's representation in executive roles and achieved gender pay equality for all employees, it said on Tuesday, as it stepped up efforts to become a more inclusive workplace.. . .  Full story

Historic English shoe-maker counts the costs of Brexit

26/01 At Tricker's, a 192 year-old maker of English luxury shoes beloved by Prince Charles and Japanese fashionistas, relief at averting a no-deal Brexit quickly turned to dismay at the new price of doing business. . .  Full story

World's copper mines struggle to recover from COVID-19: Andy Home

26/01 The deadly coronavirus has taken a heavy toll on the world's copper mines.. . .  Full story

UBS reaps rich rewards from pandemic with strongest performance since 2006

26/01 UBS reported its highest annual pre-tax profit of the post financial crisis era on Tuesday, as lending to the world's ultra-rich and bumper trading volumes during the global pandemic triggered a surge in revenue.. . .  Full story

What you need to know about the coronavirus right now

26/01 Here's what you need to know about the coronavirus right now:. . .  Full story

Investindustrial studies sale of luxury shoemaker Sergio Rossi, says source

26/01 Italian private equity firm Investindustrial is working with Rothschild as an adviser to study a possible sale of luxury shoemaker Sergio Rossi, one source close to the matter said on Tuesday.. . .  Full story

Oakley Capital to take 175 mln euro stake in Spain's Idealista

26/01 Investment fund Oakley Capital has agreed to invest 175 million euros ($212 million) in a minority stake in Spanish property portal Idealista, just four months after Sweden's EQT bought the platform for $1.58 billion.. . .  Full story

UK retail sales gauge plunges to lowest since May - CBI

26/01 British retail sales have suffered their most widespread annual drop since May this month, according to a survey published on Tuesday which suggests that the latest lockdown is taking a heavy toll on many. . .  Full story

Russia's Tinkoff plots solo course as MSCI inclusion beckons

26/01 Russia's Tinkoff plans to go it alone after merger talks with internet giant Yandex collapsed, the online bank's international investor relations head said ahead of a possible MSCI upgrade next month.. . .  Full story

PZ Cussons chief says hand-sanitising habits here to stay

26/01 PZ Cussons, the maker of Imperial Leather soap and Carex handwash, posted a higher first-half adjusted pretax profit on Tuesday and said it expects the coronavirus crisis to have a lasting impact on people's stringent. . .  Full story

Swiss gov't expects economy to shrink at start of 2021

26/01 The Swiss economy is expected to contract during the first quarter of 2021 as the country deals with the latest lockdown restrictions introduced to counter the second wave of COVID-19, a government economist said. . .  Full story

Britain's Saga sees resilient cruise bookings despite COVID concerns

26/01 Britain's over-50s holidays group Saga said on Tuesday total cruise bookings stood at 140 million pounds ($191.3 million) as it prepares to restart sailing in May after a torrid year for the travel industry. . .  Full story

Prices dip on forecast for French heating demand drop

26/01 European prompt power prices fell on Tuesday, with consumption in France expected to fall as rising temperatures lowers the demand for heating.. . .  Full story

German exporters more upbeat, sentiment hits highest since October - Ifo

26/01 Sentiment among German exporters in the industrial sector improved significantly this month, hitting its highest since October, the Ifo economic institute said on Tuesday.. . .  Full story

Indonesia says new sovereign wealth fund attracts $10 bln commitment

26/01 Indonesia has received investment commitments of up to $10 billion from global firms for its ambitious sovereign wealth fund, a senior minister said on Tuesday, ahead of its launch expected this year.. . .  Full story

UK jobless rate highest since 2016 as second COVID-19 lockdown hits

26/01 Britain's unemployment rate hit its highest in nearly five years in the three months to November, when coronavirus cases began to rise for a second time and most of the country returned to a. . .  Full story

Swiss group GAM loses private labelling client

26/01 Swiss asset manager GAM Holding has lost a significant client in its private labelling business, it said on Tuesday, putting its shares under pressure.. . .  Full story

UK Stocks-Factors to watch on Jan 26

26/01 Britain's FTSE 100 index is seen opening 8 points higher at 6,647 on Tuesday, according to financial bookmakers, with futures up 0.07% ahead of cash market open.. . .  Full story

Shanghai stainless steel jumps on rising raw material prices, demand hopes

26/01 Stainless steel futures on the Shanghai Futures Exchange jumped as much as 3% on Tuesday, gaining for a second straight session, fuelled by rising raw material prices and expectations of strong demand after the Chinese. . .  Full story

Liechtenstein's LGT Bank names LLB's Roland Matt as new CEO

26/01 LGT, the private banking and asset management group owned by the princely house of Liechtenstein, said on Tuesday it has appointed Roland Matt as chief executive officer of LGT Bank Ltd and senior management board. . .  Full story

Russia approves higher wheat export tax from March 1

26/01 The Russian government has formally approved a proposal to impose a higher export tax on wheat from March 1, it said on Tuesday, in another push to curb a rise in domestic food prices. . .  Full story

Croatia to meet most euro criteria this year, budget a risk - cbank governor

26/01 Croatia expects this year to meet most criteria to adopt the euro but there is uncertainty over the budget outlook due to a lockdown to contain the spread of the coronavirus, central bank Governor. . .  Full story

EU sustainable investment rules need better corporate data - banking report

26/01 European Union rules aimed at defining sustainable investments should help reduce "greenwashing" by businesses, but better quality corporate data is needed to ensure they work effectively, a banking report said on Tuesday.. . .  Full story

Top global traders work to ease seafarer crisis due to coronavirus

26/01 Over 300 leading companies said on Tuesday they would work together to help hundreds of thousands of merchant sailors stuck on ships for many months due to COVID-19 in a crisis that risks creating. . .  Full story

Mexican watchdog fines seven international banks for bond rigging

26/01 Mexico's antitrust watchdog Cofece said on Monday that it has imposed fines totaling 35 million pesos ($1.75 million) on seven international banks and traders for market manipulation and collusion in the government bond market about. . .  Full story

France's new COVID-19 hospitalisations and ICU treatments rise sharply

26/01 The number of people hospitalised in France for COVID-19 rose by more than a 1,000 over the last two days, a trend unseen since Nov. 16, and the number of patients in intensive care. . .  Full story

Germany unable to adhere to debt limits for years -Merkel aide

25/01 Germany faces huge fiscal challenges following the COVID-19 pandemic and won't be able to stick to its strict debt limits for years, Chancellor Angela Merkel's chief of staff was quoted as saying on Monday.. . .  Full story

Oil rises 1% on U.S. stimulus hopes, supply concerns

25/01 Oil prices rose about 1% on Monday as optimism around U.S. stimulus plans and some supply concerns boosted futures, but demand worries prompted by coronavirus lockdowns limited gains.. . .  Full story

Gold pares gains as the dollar edges higher

25/01 Gold prices pared gains on Monday as the dollar edged higher, but expectations of fresh U.S. fiscal stimulus underpinned the bullion ahead of this week's Federal Reserve's meeting. Spot gold. . .  Full story

Reckitt withdraws $1.4 bln claim against Indivior over U.S. opioid probe

25/01 Indivior said on Monday former parent Reckitt Benckiser would withdraw a $1.4 billion claim against the company and it would pay the Dettol-maker $50 million to end a legal battle related to a U.S.. . .  Full story

Spain's COVID-19 infections hit new high as regions double down on measures

25/01 Spain reported a record 93,822 new coronavirus infections over the weekend, while the two-week average jumped to a new high of 885 cases per 100,000 people on Monday as regional authorities scrambled to ramp. . .  Full story

VW ordered to pay $20 mln in Spanish diesel claim, carmaker to appeal

25/01 A Spanish court has ordered German carmaker Volkswagen to pay 16.3 million euros ($19.8 million) in compensation to people in Spain who bought cars with emissions-cheating devices installed, consumer group OCU said on Monday.. . .  Full story

Limetree Bay oil refinery begins producing transportation fuel -sources

25/01 Limetree Bay refinery in St. Croix, United States Virgin Islands, recently began producing transportation fuel, people familiar with the matter said, clearing one of the hurdles that had disrupted a facility restart and jeopardized its. . .  Full story

Russia's Ufaorgsintez refinery catches fire, one dead

25/01 One man died and another was injured after a fire on Monday ripped through the Russian Ufaorgsintez oil refinery, controlled by Rosneft, the refinery said.. . .  Full story

Weak German business morale, vaccine delays push European stocks to 2-week low

25/01 European shares closed at two-week lows on Monday as a slump in German business morale underscored the damage from tighter COVID-19 restrictions, while investors feared a slow vaccine rollout could further delay an economic recovery.. . .  Full story

Tight supply pushes tin prices to highest since 2014

25/01 Tin rose to its highest since 2014 on Monday after a shortfall of the metal used in solder to connect components in electronic devices pushed up prices for 12 straight weeks.. . .  Full story

Sweden to cull 1.3 million chickens after bird flu found at biggest egg producer

25/01 Sweden will cull around 1.3 million chickens after bird flu was found on a farm in the southwest of the country, the Board of Agriculture said on Monday.. . .  Full story

EU may "recalibrate" climate-friendly investment guide

25/01 The European Commission may recalibrate its planned "taxonomy" or guide for people that want to invest in climate-friendly assets after a huge public response, its financial services chief said on Monday.. . .  Full story

AMC rules out imminent bankruptcy, shares jump

25/01 AMC Entertainment Holdings Inc said on Monday that any talk of an imminent bankruptcy is "completely off the table" after the cash-strapped movie theater chain raised an additional $917 million to help cushion the. . .  Full story

Britain's Liberty Steel firms up offer for Thyssenkrupp steel unit

25/01 Britain's Liberty Steel, Europe's fourth-largest steelmaker, said on Monday it had submitted an updated offer for German conglomerate Thyssenkrupp's steel division.. . .  Full story

Italian bond yields drop on talk of new government without election

25/01 Italy's borrowing costs fell from two-and-a-half-month highs on Monday as investors focused on the chance that snap elections may be averted by the formation of a new government.. . .  Full story

France denies delay sought for EDF restructuring talks

25/01 The European Commission did not request extra time for talks on a planned restructuring of French state-controlled energy firm EDF, a source in the French finance ministry said on Monday.. . .  Full story

IFC gives loan, may acquire stake in Ukraine's Ukrgasbank

25/01 The International Finance Corporation, the private sector investment arm of the World Bank, will provide a 30 million euro ($36.38 million) loan to Ukrainian state-owned lender Ukrgasbank, which can be converted into the bank's equity. . .  Full story

Irish COVID-19 jobless claims rise for fifth straight week

25/01 The number of people in Ireland claiming temporary coronavirus-related jobless benefits rose for the fifth week in a row and was 3% higher than seven days ago, with any easing of a strict COVID-19. . .  Full story

Uzbekistan Raised Gold Holdings In December 2020 - IMF

25/01 INTERNATIONAL MONETARY FUND (IMF):. . .  Full story

One in five German businesses faces liquidity squeeze - survey

25/01 One in five German companies is facing a liquidity squeeze amid a second lockdown that has seen most stores and schools shuttered since mid-December, a survey of 18,000 businesses by the DIHK chambers of. . .  Full story

Aberdeen Standard picks UBS' Buehlmann to replace Young as Asia CEO

25/01 British asset manager Aberdeen Standard Investments said on Monday that former UBS banking and asset management executive RenĂ© Buehlmann would replace Hugh Young as head of its Asian business.. . .  Full story

Mike Ashley's Frasers to close Edinburgh store

25/01 Mike Ashley's Frasers Group said on Monday it would close its House of Fraser store in Edinburgh in May, with the loss of 200 jobs, after failing to agree a deal with the site's. . .  Full story

Playtech in talks to sell financial unit for $200 million

25/01 Playtech Plc said on Monday it was in talks to sell its financial trading arm for up to $200 million in cash, as the gambling software maker seeks to focus on its core business. . .  Full story

Cairn Energy threatens to enforce arbitration award against Indian assets overseas

25/01 Cairn Energy has begun to take steps to identify Indian assets overseas against which it can enforce the $1.2 billion award it won last month in a treaty arbitration case against the South Asian. . .  Full story

German computer equipment retailer Caseking put up for sale - sources

25/01 German computer equipment retailer Caseking has been put up for sale in a potential deal worth almost 1 billion euros ($1.22 billion) by its private equity owner, which is hoping to cash in on. . .  Full story

EU to require advance registration of COVID-19 vaccine exports

25/01 The European Union will require pharmaceutical companies producing COVID-19 vaccines inside the bloc to register in advance any exports of doses to third countries, an EU official said on Monday.. . .  Full story

Brexit butchers EU trade for Scottish beef producers

25/01 Brexit has dealt a blow to Andrew Duff's business. His burgeoning sales of high end Scottish beef to Europe are on hold because his business is too small to navigate the post-Brexit customs border. . .  Full story

Finnish food delivery startup Wolt says raised $530 mln

25/01 Finnish food delivery startup Wolt said on Monday it had raised $530 million from a number of investment firms to finance its expansion beyond the delivery of restaurant food.. . .  Full story

"Lockdown fatigue" cited as UK shopper numbers rose 9% last week

25/01 The number of shoppers heading out to retail destinations across Britain rose by 9% last week from the previous week, indicating "lockdown fatigue" for people cooped up at home, market researcher Springboard said on. . .  Full story

Fragile recovery seen in global labour market after huge 2020 losses - ILO

25/01 Some 8.8% of global working hours were lost last year due to the pandemic, roughly four times the number lost in the 2009 financial crisis, but there are "tentative signs" of recovery, the International. . .  Full story