France's Vivendi seeks meeting with Mediaset to discuss truce: sources - Reuters
MILAN (Reuters) - French media group Vivendi ( VIV.PA ) has asked to meet top executives at Mediaset ( MS.MI ) to discuss a deal to end its long-running row with the Italian broadcaster, three sources with knowledge of the matter said on Tuesday.
In finding U.S. disaster loan fraudsters, YouTube, Instagram are just the start: watchdog - Reuters
WASHINGTON (Reuters) - For small business owners or others searching for advice on applying for a U.S. government disaster loan, there’s plenty to be found on social media. But that’s just the beginning of potentially fraudulent activity the Small Business Administration’s top watchdog is keen to root out.
The inspector general at the SBA,
Weak dollar pushes pound towards five-month peaks; jobs data weighs - Reuters
LONDON (Reuters) - The British pound climbed towards five-month highs on Tuesday, benefiting from broad-based dollar weakness even as data showed job losses in Britain jumped to their highest levels in more than a decade in the three months to June.
Against a basket of rival currencies, the U.S. dollar fell
UPDATE 2-German yields have their best day in a month as sentiment picks up - Reuters
* German yields hit two-week high on positive ZEW survey
* Southern European yields hover near five-month low
* Euro zone periphery govt bond yields tmsnrt.rs/2ii2Bqr (Updates prices, adds chart)
By Abhinav Ramnarayan
LONDON, Aug 11 (Reuters) - German government bond yields rose to a two-week high on Tuesday, a move tracked by other high-rated euro zone bonds, after a survey showed investors were more optimistic about the trajectory of the European economy than before.
REFILE-FOREX-Euro hits $1.18, bolstered by ZEW sentiment survey - Reuters
(Corrects typo in first line of bullets to say euro)
* German ZEW economic survey pushes euro up amid thin liquidity
* Fiscal stalemate, US-Sino tensions breathe strength into dollar
* Oil currencies flourish as oil prices rise
* Graphic: World FX rates in 2020 tmsnrt.rs/2RBWI5E
By Olga Cotaga
LONDON, Aug 11 (Reuters) - The euro rose on Tuesday after investor sentiment in Germany improved more than expected in August.
The ZEW economic survey of economic sentiment rose to
South Africa's manufacturing output falls 16.3% year on year in June - Reuters Africa
JOHANNESBURG (Reuters) - South Africa’s manufacturing output fell 16.3% year on year in June after contracting by 32.4% in May, the statistics agency said on Tuesday.
Factory production however was up 16.8% in June month on month, but declined 30.2% in the
UK retailer Debenhams confirms 2,500 jobs to be cut - Reuters
LONDON, Aug 11 (Reuters) - Struggling British department store Debenhams is to cut 2,500 jobs, saying it had to align its store costs with realistic trading expectations during the COVID-19 pandemic.
“We have successfully reopened 124 stores, post-lockdown, and these are currently trading ahead of management expectations,” it said in a statement on Tuesday.
“At the same time, the trading environment is clearly a long way from returning to normal and we have to ensure
Trump's COVID orders too little, too late to help U.S. economy, experts say - Reuters
(Reuters) - U.S. President Donald Trump’s weekend attempt to sidestep stalled congressional negotiations over the next coronavirus aid package will do little to boost the economy, experts said.
Trump’s executive order and presidential memoranda, introduced on Saturday, would temporarily extend enhanced unemployment
Britain's Debenhams to cut 2500 jobs - The Sun - Reuters
LONDON, Aug 11 (Reuters) - British department store Debenhams is cutting 2,500 jobs as part of its battle to survive the coronavirus pandemic, The Sun newspaper reported on Tuesday.
The report said the cuts would fall across the business including in the distribution centre.
Reporting by Kate Holton; editing by Sarah Young
Canada Goose forecasts lower fiscal 2020 wholesale revenue - Reuters.com
(Corrects to 2021 from 2020 in headline and first paragraph)
Aug 11 (Reuters) - Canada Goose Holdings Inc said on Tuesday revenue from its wholesale partners would be lower in fiscal 2021, as traffic at department stores remains under pressure due to the coronavirus pandemic.
The retailer’s revenue of C$26.1 million ($19.63 million) in the first quarter ended June 28, however, beat Wall Street estimates of C