UBS announces global financing team

NEW YORK (Reuters) – UBS (UBSG.S) said on Monday it has created a new global financing team, a group that will span across divisions under one group in order to serve clients in a faster and simpler fashion. The new team will be led by Remi Mennesson, who will join the Swiss lender in November 2020, and report to the […]

Read more

WHO warns of 'second peak' in areas where COVID-19 declining

GENEVA (Reuters) – Countries where coronavirus infections are declining could still face an “immediate second peak” if they let up too soon on measures to halt the outbreak, the World Health Organization said on Monday. The world is still in the middle of the first wave of the coronavirus outbreak, WHO emergencies head Dr Mike Ryan told an online briefing, […]

Read more

Canada's banks to cement status as solid investments in a crisis

(Reuters) – Canadian banks, whose dividends yields climbed during the financial crisis, are again gaining favor with investors, as their pledges to maintain payouts gives them an edge over global counterparts who have shunned them. Canadian banks are currently offering dividend yields of 5.7% versus U.S. banks’ 4.2% and European lenders’ 1.7%, according to Datastream. (GRAPHIC: Canada bank yields outstrip […]

Read more

Italy reports 92 coronavirus deaths on Monday, just 300 new infections

ROME (Reuters) – Deaths from the COVID-19 epidemic in Italy climbed by 92 on Monday, against 50 the day before, the Civil Protection Agency said, while the daily tally of new cases dropped to just 300 from 531 on Sunday. Sunday’s daily death toll did not include fatalities from the worst-affected Lombardy region, due to technical problems. It was not […]

Read more

French billionaires raise stakes in defence of publisher Lagardere

PARIS (Reuters) – France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital. Arnault, France’s richest man, has bought a 25% stake in Lagardere Capital & Management (LCM), the personal holding company of Arnaud Lagardere, the heir […]

Read more

Greece reopens cafes, restaurants as summer season nears

ATHENS (Reuters) – Greece allowed cafes and restaurants to reopen on Monday as part of a gradual lifting of its coronavirus restrictions to reboot its tourism-dependent economy and help draw in foreign visitors ahead of the summer season. The country, which has emerged from a decade-long financial crisis in the last couple of years, is relying on tourism to help […]

Read more

With suitcase and bikini emojis, Spain urges tourists back from July

MADRID/BARCELONA (Reuters) – Spain urged foreign holidaymakers on Monday to return from July as one of Europe’s strictest lockdowns eased, though tourism businesses were sceptical about salvaging the summer season. The world’s second-most visited nation closed its doors and beaches in March to handle the COVID-19 pandemic, imposing a two-week quarantine on overseas visitors. But that requirement will be lifted […]

Read more

Finland to spend 100 million euros on coronavirus protection

(Reuters) – Finland said on Monday it plans to place between June and August orders for protective equipment and respirators worth 100 million euros ($109 million) to fight the coronavirus and prepare for a possible upsurge in demand for the equipment. The 5.5-million nation has said infections from the novel coronavirus are slowing. Last week, it allowed children to return […]

Read more

New Zealand's Ardern stays cool as earthquake strikes during live interview

WELLINGTON (Reuters) – New Zealand Prime Minister Jacinda Ardern was undaunted by an earthquake that struck the capital Wellington on Monday while she was doing a live TV interview, and calmly continued with the programme. Ardern, who became prime minister in 2017, is hugely popular in New Zealand for her handling of several crises – a mass shooting in Christchurch […]

Read more

Hong Kong's security chief warns of growing 'terrorism' as govt backs Beijing's planned security laws

HONG KONG (Reuters) – Hong Kong’s security chief said “terrorism” was growing in the city, as government departments rallied on Monday behind Beijing’s plans to introduce national security laws and after thousands took to the streets to protest against the move. Police said they arrested more than 180 people on Sunday, when authorities fired tear gas and water cannon to […]

Read more
1 2 3 168