U.S. shoppers stay away from stores, spend online as Black Friday begins
U.S. consumers splurged more than $2 billion online in the first hours of Thanksgiving shopping on Thursday, while crowds were largely thin at retailers on the eve of Black Friday, reflecting the broader trend away from shopping at brick-and-mortar sto…
Oil to be stuck in a rut in 2020 as slowing demand fuels glut: Reuters poll
Oil prices will remain subdued in 2020 as growth concerns weigh on demand and fuel a glut of crude, a Reuters poll showed on Friday ahead of production-policy talks among OPEC and its allies next week.
Brent oil prices weaken ahead of OPEC+ meeting
Oil prices fell on Friday as Russia appeared to advocate putting off a decision by the world’s top producers on whether to extend curbs on output days before OPEC and its allies are set to meet on policy.
Euro zone inflation rises quicker than expected in November
Euro zone inflation accelerated faster than expected in November on a rise in food and services prices, likely comforting European Central Bank policymakers even if some factors pushing up prices may be only temporary.
Daimler to cut thousands of jobs worldwide by end of 2022
Daimler on Friday announced at least 10,000 job cuts across the globe over the next three years after reaching an agreement on its plans with labor unions.
French activists protest against Amazon in Black Friday backlash
Activists staged protests against online retailer Amazon around France on Friday, denouncing the rampant consumerism typified by the annual Black Friday shopping frenzy.
Renault-Nissan to reboot alliance with new overseer
Renault, Nissan and Mitsubishi plan to appoint a general secretary at the helm of their partnership to boost cooperation and reboot joint operations after the departure of former alliance supremo Carlos Ghosn.
Farm machinery makers, Brazil banks working on private financing – Deere
Agricultural machine manufacturers are working with banks in Brazil to avoid a repeat of slumping sales when public financing is expected to run out next year, the head of the local unit of U.S. tractor maker Deere & Co told Reuters on Thursday.
Singapore tells Facebook to correct user’s post in test of ‘fake news’ laws
Singapore instructed Facebook on Friday to publish a correction on a user’s social media post under a new “fake news” law, raising fresh questions about how the company will adhere to government requests to regulate content.
Exclusive: Brazil, China, UAE firms in second round of bids for Petrobras refineries – sources
Brazil’s state-controlled oil company Petroleo Brasileiro SA has selected four groups for the second round of bidding for four refineries up for sale, including China’s Sinopec, Abu Dhabi’s state investor and two Brazilian firms, according to four peo…
