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UK retail rebounds in bright spot for COVID-hit economy

UK retail rebounds in bright spot for COVID-hit economy
LONDON (Reuters) - British shoppers spent more last month, taking sales further above pre-COVID levels, as strong online demand helped much of the sector rebound faster than the rest of the economy.
Published 18 Sep, 2020 03:12pm

What are the Fed's new hurdles for rate hikes? Only the Fed knows

What are the Fed's new hurdles for rate hikes? Only the Fed knows
(Reuters) - The U.S. Federal Reserve on Wednesday effectively established a three-part test that must be met before it will raise interest rates: the economy must be at “maximum employment,” inflation must have “risen to 2 percent” and it must be “on track to moderately exceed 2 percent for some time.”
Published 18 Sep, 2020 03:07pm
European new car sales fall by 17.6% year-on-year in August: ACEA

European new car sales fall by 17.6% year-on-year in August: ACEA

BERLIN (Reuters) - European car registrations dropped in July and August but not as steeply as in previous months, industry data showed on Thursday, pointing to a slow recovery in Europe’s auto sector that was hit hard by the coronavirus crisis.
Published 17 Sep, 2020 12:46pm
OPEC+ panel to meet amid oil price decline

OPEC+ panel to meet amid oil price decline

DUBAI/LONDON/MOSCOW (Reuters) - OPEC and allies, led by Russia, are scheduled to hold an online meet on Thursday to discuss compliance with their agreed output cuts and demand trends amid falling oil prices and a faltering economic recovery outlook.
Updated 17 Sep, 2020 12:42pm
UK jobless rate rises for first time since COVID-19 lockdown

UK jobless rate rises for first time since COVID-19 lockdown

LONDON (Reuters) - Britain’s unemployment rate rose for the first time since the coronavirus lockdown began in March but data published on Tuesday also suggested the increase in joblessness was, so far at least, not surging.
Published 15 Sep, 2020 01:44pm
German hospitality industry still far below pre-crisis revenues

German hospitality industry still far below pre-crisis revenues

BERLIN (Reuters) - The German hotel and restaurant industry in July further recovered from its slump caused by the coronavirus pandemic, but sales were still down more than a quarter when compared to pre-crisis levels, the statistics office said on Tuesday.
Published 15 Sep, 2020 01:43pm
'We won't be played', EU tells China's Xi

'We won't be played', EU tells China's Xi

BRUSSELS (Reuters) - The European Union’s chairman told Chinese President Xi Jinping on Monday that the bloc would no longer be taken advantage of and demanded a fairer relationship in trade.
Published 14 Sep, 2020 08:18pm
Oil steady as demand concerns rise, Libya output looms

Oil steady as demand concerns rise, Libya output looms

LONDON (Reuters) - Oil prices slipped slightly on Monday amid concerns about a stalled global economic recovery and with Libya poised to resume production, but were supported by an impending storm which has disrupted U.S. oil output.
Published 14 Sep, 2020 07:24pm
Wall Street rises at open on M&A activity, vaccine hopes

Wall Street rises at open on M&A activity, vaccine hopes

(Reuters) - U.S. stocks opened higher on Monday on signs of progress in developing a COVID-19 vaccine and a flurry of multi-billion dollar deals, including reports of Oracle winning the battle for the U.S. arm of TikTok.
Published 14 Sep, 2020 06:45pm
Finland's Neste to cut up to 470 jobs

Finland's Neste to cut up to 470 jobs

(Reuters) - Finnish biofuel producer and oil refiner Neste NESTE.HE plans to cut up to 470 jobs in Finland to seek savings worth 50 million euros ($59.3 million) due to declining demand for fossil oil products, it said on Monday.
Published 14 Sep, 2020 12:57pm
Brent oil benchmark dips but stays over $40/bbl

Brent oil benchmark dips but stays over $40/bbl

LONDON (Reuters) - Oil prices dipped on Thursday after data showed U.S. crude stockpiles rose last week and the U.S. Energy Information Administration (EIA) downgraded its oil demand outlook, although the Brent benchmark stayed above $40 a barrel.
Published 10 Sep, 2020 02:01pm
Wall Street sees a bright side in 'healthy' tech selloff

Wall Street sees a bright side in 'healthy' tech selloff

NEW YORK (Reuters) - Some of Wall Street’s biggest players are viewing the stock market’s recent tech-led selloff as a bout of turbulence rather than the start of a longer slide — and they don’t see it as a reason to run for the door.
Published 10 Sep, 2020 01:55pm