By Michelle Conlin NEW YORK (Reuters) - Clarence Hamer doesn’t expect to hang on to his house much longer. His downstairs tenant owes him nearly $50,000 in back rent on the four-bedroom duplex he owns in Brownsville, Brooklyn. Without those rental payments, Hamer has been unable to pay the thousands he owes in...
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By Krystal Hu and Douglas Busvine NEW YORK/BERLIN (Reuters) - German business software group SAP won't be pushed into takeovers in response to rival Salesforce's $27.7 billion deal to buy workplace collaboration app Slack, CEO Christian Klein told Reuters. But the global leader in enterprise application software does see scope for its Qualtrics unit, acquired two years ago for $8 billion, to...
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By Abhinav Ramnarayan and Lawrence White LONDON (Reuters) - European companies hit by the coronavirus crisis are increasingly turning to a complex financial tool to pay suppliers, raising investor concerns around "hidden" debt. Supply chain financing, by which companies can get cash from banks and funds to pay their suppliers without using working...
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FRANKFURT/BERLIN (Reuters) - Hibernating snakes are complicating Elon Musk's plans for a gigafactory near Berlin. A German court has told the U.S. billionaire's electric vehicle company Tesla to suspend clearing of a forest at the site of the proposed factory after environmentalists said that cutting down more trees could endanger hibernating snakes. "The...
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PARIS (Reuters) - Negotiations between Britain and the European Union over a post-Brexit trade deal are complex and France will oppose any pact that "sacrifices" its fishermen, French European Affairs Minister Clement Beaune said on Tuesday. "On fisheries there is no reason to yield to Britain's pressure. We can make some efforts but...
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(Reuters) - European shares dipped on Tuesday, as a post-Brexit trade deal hung in the balance, while rising coronavirus cases spurred talks of stricter restrictions that could cause more economic pain. The pan-European STOXX 600 index slipped 0.1%, while London's FTSE 100, which has been outperforming regional peers in recent sessions, fell 0.4% to lead declines. After British and EU leaders failed...
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By Nick Carey LONDON (Reuters) - BMW has developed a data hub with Amazon (NASDAQ:AMZN)'s cloud computing division, in a sign of how companies are increasingly using "big data" to try to boost efficiency. "We want to switch from gut-driven decisions to data-driven decisions," said Kai Demtroder, vice president of data transformation at BMW. "We have a few hundred data scientists at...
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By Richa Naidu and Melissa Fares CHICAGO/NEW YORK (Reuters) - Seven times last month, Benjamin Karmis, a 26-year-old priest from Wheaton, Illinois, failed to get his hands on the latest Sony PlayStation 5 video game console from retail websites including Walmart (NYSE:WMT) Inc and Facebook (NASDAQ:FB) Marketplace. But it wasn't because another person...
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LONDON (Reuters) - British Prime Minister Boris Johnson is "straining every sinew" to get a Brexit deal that works for both sides but the EU must want to do it too, his health minister said on Tuesday. "I know the Prime Minister is straining every sinew to try to get a deal that works for both the UK and the...
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By John Geddie and Aradhana Aravindan SINGAPORE (Reuters) - It's not only the weather that might come as a shock when the World Economic Forum moves from Davos, the Swiss ski resort after which it takes its informal name, to the tropical Southeast Asian city-state of Singapore in May. Against the backdrop of the COVID-19 pandemic, the annual gathering of world leaders,...
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