LONDON (Reuters) – British tycoon Philip Green’s Arcadia fashion group has collapsed into administration, putting over 13,000 jobs at risk and becoming the country’s biggest corporate casualty of the COVID-19 pandemic so...
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S&P Global to buy IHS Markit for $44 billion, expanding data empire
By David French, Anirban Sen and Pamela Barbaglia (Reuters) – Business information provider S&P Global Inc agreed on Monday to pay $44 billion in stock to acquire IHS Markit Ltd in the year’s biggest acquisition that will...
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De Beers plans to clean up diamond supply chain, be carbon neutral by 2030
(Reuters) – Diamond mining giant De Beers on Monday outlined plans to ethically source its diamonds and be carbon neutral by 2030 due to growing investor pressure on companies to be environmentally and socially responsible. The...
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Oil prices down 1.5% as OPEC+ debates 2021 output policy
By Laila Kearney NEW YORK (Reuters) – Oil fell about 1.5% on Monday as the world’s major oil producers discussed extending deep output cuts at talks this week, but benchmark crude will end the month with a strong rally built...
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Philip Green’s Arcadia rejects Frasers’ offer of ‘lifeline’ loan
LONDON (Reuters) – Philip Green’s struggling British fashion group Arcadia has turned down rival Frasers Group’s offer of a “lifeline” loan of up to 50 million pounds ($67 million), sportswear retailer...
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Bitcoin hits all-time record as 2020 rally power on
By Tom Wilson and Gertrude Chavez-Dreyfuss LONDON/NEW YORK (Reuters) – Bitcoin hit a record high on Monday of $19,864, breaking its prior record set in Dec. 2017 as its 2020 rally powered on. The world’s biggest virtual...
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