Friday, 15 Nov 2019

Business

Germany narrowly avoids recession but growth fragile

Germany has bucked expectations and narrowly avoided a widely-feared recession but growth remains weak, latest figures show. Europe’s biggest economy unexpectedly expanded by 0.1% in the third quarter, driven by strong consumer spending. Analysts had expected a 0.1% contraction. But the Federal Statistical Office revised down the GDP figure the second quarter to a 0.2% […]

Asian stocks retreat as China's growth slowdown deepens

TOKYO/SINGAPORE (Reuters) – Asian stocks fell on Thursday after soft Chinese economic data showed the trade war between Beijing and Washington hitting growth in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan, which had drifted in to positive territory in morning trade, turned negative to trade 0.4% lower. Japan’s Nikkei stock […]

'I expect CEOs to stand up and speak on the issues of the day'

Richard Edelman is on a mission to get company bosses on the record about social issues. Write a blog, post a tweet, record a TikTok. Whatever it takes to register your stance on a moral or ethical issue of the day. The era of CEOs staying silent on matters of public discussion is fading, says […]

Stocks in cautious ranges ahead of China data, trade talk hopes fade

TOKYO (Reuters) – Asian stocks clung to tight ranges on Thursday as investors awaited key Chinese data for clues on how much the 16-month trade war between Beijing and Washington has hit growth in the world’s second-largest economy. MSCI’s broadest index of Asia-Pacific shares outside Japan fell 0.01%. Australian shares were up 0.12%, while Japan’s […]

Shares, bond yields slip on sour trade deal sentiment

NEW YORK (Reuters) – Global equity markets and government bond yields fell on Wednesday as sentiment soured that a U.S.-China trade deal can be reached soon and on fears intensifying unrest in Hong Kong may lead to a Chinese crackdown. Gold prices rose on fading investor optimism on the U.S.-China trade talks, helping to boost […]

Facebook adds Instagram data to content moderation transparency report

(Reuters) – Facebook Inc (FB.O) released its fourth report on enforcement against content that violates its policies on Wednesday, adding data on photo-sharing app Instagram and content depicting suicide or self-harm for the first time. Pro-active detection of violating content was generally lower on Instagram than on Facebook’s flagship app, where the company initially implemented […]

A Milk Giant Goes Broke as Americans Quit Old Staples

When Dean Foods was founded in the 1920s, milkmen still delivered pints to homes across the country and a glass of milk was considered a nourishing part of any meal. Nearly a century later, milk is quickly falling out of fashion, and Dean Foods has found itself unable to compete as plant-based and lactose-free alternatives […]

‘SpongeBob’ Spinoff Highlights Netflix-Nickelodeon Deal

LOS ANGELES — Nickelodeon will make a “SpongeBob SquarePants” spinoff for Netflix as part of a multiyear content-production deal that reflects the pressure on Netflix to fortify itself against new streaming competition, notably Disney Plus. Netflix and Nickelodeon announced a deal on Wednesday for Nickelodeon to create and produce original animated feature films and television […]

London forex trader accuses Citigroup of unfair dismissal

LONDON (Reuters) – A former top Citigroup (C.N) trader, who was fired in 2014 but acquitted of foreign exchange-rigging charges after a trial in New York, told a London employment tribunal he was unfairly dismissed despite being in the “eye of the storm” at the time. Rohan Ramchandani, who headed European spot forex trading, has […]