Authentic Brands plotting double takeover of Debenhams, Arcadia: Telegraph

3/3 © Reuters. Shoppers walk out of a Debenhams store in Chester, Britain 2/3 (Reuters) – Authentic Brands is plotting a double takeover of collapsed department store chain Debenhams and Topshop-owner Arcadia Group, The Daily Telegraph newspaper reported on Saturday, citing sources. Authentic Brands, owner of the New York department store brand Barneys, is in […]

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ECB’s Mersch warns against double counting as decision looms

FRANKFURT (Reuters) – The European Central Bank must avoid double counting information as it parses economic data, including the euro’s exchange rate, to prepare for next week’s policy decision amid a second wave of coronavirus infections, ECB board member Yves Mersch said on Monday. “Looking ahead, in the current environment of elevated uncertainty the ECB […]

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U.S. disasters cause insurance double whammy for pandemic-hit businesses

2/2 © Reuters. Buildings damaged by Hurricane Laura are seen in an aerial photograph in Lake Charles 2/2 By Suzanne Barlyn and Alwyn Scott (Reuters) – As insurers brace for an expensive natural-disaster season because of storms and wildfires ravaging parts of the United States, the novel coronavirus is giving them an odd financial break. […]

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China, U.S. will allow air carriers to double flights between nations

2/2 © Reuters. FILE PHOTO: Travellers walk past retail shops at the Beijing Capital International Airport in Beijing 2/2 By David Shepardson WASHINGTON (Reuters) – China and the United States will each allow air carriers to double current flights to eight per week between the world’s two largest economies, the U.S. Transportation Department said on […]

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UK to double work coaches as lockdown hammers jobs market

© Reuters. FILE PHOTO: The coronavirus disease (COVID-19) outbreak in Watford LONDON (Reuters) – Britain’s government will double the number of its job coaches as part of a plan to tackle a rise in unemployment triggered by the coronavirus lockdown, the finance ministry said on Saturday. The number of work coaches at British job centres […]

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Exclusive: Malaysia to double deficit to fund stimulus, says finance minister

By Krishna N. Das and Liz Lee KUALA LUMPUR (Reuters) – Malaysia’s fiscal deficit will nearly double to around 6% of annual economic output this year because of the government’s recent efforts to revive the economy, the finance minister told Reuters, adding it could seek to raise the debt ceiling to finance the stimulus. Southeast […]

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