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EFL to receive 250 million pounds bailout package from Premier League

(Reuters) - The Premier League has reached an agreement with the English Football League (EFL) to provide a 250 million pounds ($336.13 million) bailout package for lower division clubs struggling financially due to the COVID-19 pandemic. Premier League clubs gave their final approval to the agreement at a shareholders' meeting on Thursday. "A...

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Chevron cuts spending plans again, sets 2021 budget of $14 billion

(Reuters) - U.S. oil major Chevron Corp (NYSE:CVX) on Thursday cut billions more off its long-term capital and exploratory budget after completing a major restructuring of its operations as it seeks to preserve its dividend. The company said it now expects its total capital and exploratory budget through 2025 to be between $14 billion (10.44 billion pounds) and $16 billion,...

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Daimler board backs strategy, staff fund planned

BERLIN (Reuters) - The supervisory board of German automaker Daimler agreed on Thursday to back a strategic plan to cut fixed costs, capex and R&D spending and announced a new transformation fund for staff worth 1 billion euros (903.39 million pounds) up until 2025. Daimler said in a statement that the supervisory board had given its full backing to the company's strategy...

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English COVID tracers no longer contacting children separately, boosting figures

LONDON (Reuters) - England's COVID-19 test and trace system has stopped trying to contact under-18s separately to ask them to self-isolate if a parent says they will tell their child, helping to boost the proportion of contacts of cases successfully traced. After weeks near a record low of around 60% of contacts of positive cases being successfully traced, 72.5% percent of the...

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Britain’s climate advisers call for deeper 2030 emissions-cut target

By Susanna Twidale LONDON (Reuters) - Britain should raise its 2030 emissions-reduction target to at least a 68% cut on 1990 levels to help it meet its goals under the Paris climate agreement, the government's climate advisers said on Thursday. Britain currently has a target of cutting emissions by 57% by 2030, and last year it became the first G7 country to...

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Enel agrees to buy CityPoste Payment to boost fintech business

MILAN (Reuters) - Italy's biggest utility Enel (MI:ENEI) has agreed to buy fintech company CityPoste Payment(CPP) from Mail Express Group to strengthen its position in the digital payments market. In a statement on Thursday Enel X, the utility's innovative services unit, said the acquisition of a network of about 850 CPP sales points in Italy would allow it to manage...

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UK firms see brighter 2021 after vaccine news, surveys show

By David Milliken LONDON (Reuters) - British businesses in the service sector grew more optimistic about 2021 following news of COVID-19 vaccines, despite the first fall in activity since June as a four-week partial lockdown across England took its toll. The IHS Markit/CIPS UK services Purchasing Managers' (PMI) dropped to 47.6 in November from 51.4 in October, the first time since June...

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English health service looking at ways to deploy Pfizer vaccine in care homes – official

LONDON (Reuters) - England's National Health Service (NHS) is looking at ways to deploy Pfizer/BioNTech's COVID-19 vaccine in care homes with the medical regulator, but there is no guarantee that it will happen, deputy Chief Medical Officer Jonathan Van-Tam said. Britain became the first country to approve the vaccine candidate developed by Germany's BioNTech and Pfizer (NYSE:PFE) on Wednesday, jumping...

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