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China-U.S. container shipping rates sail past $20,000 to record
By Roslan Khasawneh and Muyu Xu SINGAPORE/BEIJING (Reuters) - Container shipping rates from China to the United States have scaled fresh highs above $20,000 per 40-foot box as rising retailer orders a...
Syndicated Content Aug 05, 2021
Oil producer Canadian Natural posts rise in quarterly profit
(Reuters) -Oil producer Canadian Natural Resources on Thursday posted a 21% rise in second-quarter profit on a sequential basis, buoyed by higher oil prices which rebounded from pandemic-driven lows. ...
Syndicated Content Aug 05, 2021
ByteDance to lay off staff, close businesses over China tutoring clampdown -sources
BEIJING (Reuters) - TikTok owner ByteDance told employees on Thursday that it planned to lay off teachers, sales and advertising employees in its education business after China imposed sweeping regula...
Syndicated Content Aug 05, 2021
Analysis-Drinks makers target high-end spirits for post-COVID growth
By Siddharth Cavale and Francesca Landini BENGALURU/MILAN (Reuters) - Major drinks companies are making deals and reaching joint ventures to boost their offerings of spirits priced at $200-a-bottle an...
Syndicated Content Aug 05, 2021
Biden to set target for 50% EVs by 2030; industry backs goal
By David Shepardson WASHINGTON (Reuters) - U.S. President Joe Biden will sign an executive order on Thursday setting a target to make half of all new vehicles sold in 2030 zero-emissions vehicles and ...
Syndicated Content Aug 05, 2021
Mall operator Hammerson warns footfall still lags pre-crisis levels
By Aby Jose Koilparambil (Reuters) - British mall operator Hammerson reported an improvement in adjusted earnings for the first half compared with a crisis-hit 2020, but warned on Thursday that footfa...
Syndicated Content Aug 05, 2021
UK construction PMI slumps to lowest since February
By David Milliken LONDON (Reuters) - Activity in Britain's construction industry grew last month at its weakest pace since February due to shortages of building materials and contractors, adding to si...
Syndicated Content Aug 05, 2021
UK new car sales fall to lowest July level since 1998
LONDON (Reuters) - British new car sales fell by 29.5% to their lowest July level since 1998 as the 'pingdemic' of people self-isolating alongside supply shortages hit demand, according to an industry...
Syndicated Content Aug 05, 2021
Polish e-commerce platform Allegro scales up expansion after profit beat
(Reuters) - Polish e-commerce platform Allegro is moving forward with expansion plans and building its own parcel lockers network, its chief financial officer said after the company's second-quarter r...
Syndicated Content Aug 05, 2021
Mike Ashley to quit Frasers CEO role but keep it in the family
By James Davey LONDON (Reuters) - Mike Ashley, one of Britain's best known and most outspoken business leaders, is set to step down as chief executive of the sportswear retail group he founded nearly ...
Syndicated Content Aug 05, 2021

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