01 December

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Singer Rita Ora apologises for breaking lockdown rules with party

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LONDON (Reuters) - British pop star Rita Ora apologised on Monday after she admitted she had attended a party to celebrate her 30th birthday which broke England's strict COVID-19 lockdown laws. Ora said she had gone to a "small gathering with some friends" which the Sun newspaper said was held at a restaurant in west London on Saturday night with 30 people...

01 December

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Canary Islands see tourism improving in 2021, but still far below pre-pandemic levels

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MADRID (Reuters) - Authorities on Spain's Canary Islands expect a partial recovery of the archipelago's tourism industry in 2021 as vaccines and testing allow for travel restrictions to be lifted, but the business will still be far below pre-pandemic levels. The islands' regional government expects the number of incoming tourists to plummet to...

01 December

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Fed’s Barkin Says U.S. Economy Holding Up Amid Virus Resurgence

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(Bloomberg) -- The U.S. economy seems to be holding up despite a surge in Covid-19 cases and hospitalizations, clouding the case for more monetary stimulus, Federal Reserve Bank of Richmond President Thomas Barkin said. ‘’It’s hard to find a huge drop in the real-time data,” Barkin told reporters Monday in a press briefing before a University of South Carolina virtual speech. “I’m thinking...

01 December

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The fall of the king: Philip Green’s Arcadia adventure ends in ignominy

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By James Davey LONDON (Reuters) - The "king of the high street" has lost his realm. The collapse of British businessman Philip Green's Arcadia fashion empire into administration on Monday looks set to bring an inglorious end to a remarkable, and controversial, career. With about 13,000 jobs under threat, and an estimated 350-million-pound...

01 December

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Dow Ends Month on Sour Note, but Notches Biggest Monthly Gain Since 1987

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By Yasin Ebrahim The Dow notched its biggest monthly gain in over three decades Monday, despite falling on souring U.S.-China tensions amid reports the Trump administration is considering blacklisting two major Chinese companies. The Dow Jones Industrial Average fell 0.9%, or 271 points, but was up about 10% for November, the biggest monthly gain since January 1987. The S&P 500 was down 0.3%, while...

01 December

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Salesforce, Zoom Video, Vehicle Sales: 3 Things to Watch

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By Liz Moyer Investing.com -- Despite dropping on Monday, the Dow Jones Industrial Average recorded the best monthly gain since 1987, driven higher by a surge in big brand companies such as Boeing Co (NYSE:BA), Chevron Corp (NYSE:CVX) and JPMorgan Chase & Co (NYSE:JPM). Rising numbers of new Covid-19 infections, threatening a new set of business...

01 December

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Euro zone ministers agree to use ESM fund to backstop bank resolution

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BRUSSELS (Reuters) - Euro zone finance ministers agreed on Monday to use their bailout fund, the European Stability Mechanism (ESM) as an emergency backstop for the single currency area's bank resolution fund, German Finance Minister Olaf Scholz said. The agreement, stalled since last year, will make the euro zone more stable and resilient to future crises, Scholz said. "There are decisions, especially...

01 December

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Poland and Hungary are open to new proposals on EU budget

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WARSAW (Reuters) - Poland and Hungary are open to new proposals aimed at resolving a row with the European Union over linking funds from its budget and recovery fund to the rule of law, a Polish government spokesman said on Monday. Poland and Hungary are blocking about 1.8 trillion euros worth of EU funds, including hundreds of billions due to be...

01 December

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PM Johnson says hopes vaccines will be approved before Christmas

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LONDON (Reuters) - British Prime Minister Boris Johnson said on Monday he hoped the leading COVID-19 vaccine candidates would be approved by regulators before Christmas. "No vaccine has yet got MHRA (Medicines and Healthcare products Regulatory Agency) approval, but we're obviously hoping that both the Pfizer-BioNTech vaccine and the Oxford-AstraZeneca vaccine will get...

01 December

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Zoom Q3 Results Beat on Higher Demand; Sees Increased Churn

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By Yasin Ebrahim Investing.com - Zoom Video Communications reported Monday guidance that topped estimates on better-than-expected third-quarter results, but warned of higher churn in the final quarter of the year. Zoom Video Communications Inc (NASDAQ:ZM) fell 5.6%, to $26.98. The company said it expected to see increased churn in the fourth quarter when compared to historic churn levels due to...

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Singer Rita Ora apologises for breaking lockdown rules with party

Canary Islands see tourism improving in 2021, but still far below pre-pandemic levels

Fed’s Barkin Says U.S. Economy Holding Up Amid Virus Resurgence

The fall of the king: Philip Green’s Arcadia adventure ends in ignominy

Dow Ends Month on Sour Note, but Notches Biggest Monthly Gain Since 1987

Salesforce, Zoom Video, Vehicle Sales: 3 Things to Watch

Euro zone ministers agree to use ESM fund to backstop bank resolution

Poland and Hungary are open to new proposals on EU budget

PM Johnson says hopes vaccines will be approved before Christmas

Zoom Q3 Results Beat on Higher Demand; Sees Increased Churn

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