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OPEC+ Set to Ease Record Oil Production Cuts from August
2020-07-15 15:00:00| OGI
OPEC and its allies, including Russia, have been cutting output since May by 9.7 million bbl/d, or 10% of global supply, after the virus destroyed a third of global demand.
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Big US banks set aside $28bn in downturn warning
2020-07-14 20:42:08| BBC News | Business | UK Edition
JP Morgan, Citigroup and Wells Fargo warn loans may turn sour as the pandemic hits businesses.
Coronavirus: Emirates set to cut 9,000 jobs
2020-07-10 23:52:43| BBC News | Business | UK Edition
The Middle Eastern airline will make more redundancies but says it is 'not as badly off as others'.
TIM set to exclude Huawei from 5G core network tender - report
2020-07-10 11:07:00| Telecompaper Headlines
(Telecompaper) Telecom Italia (TIM) has decided to exclude Huawei from a lucrative tender to build its 5G core network in both Italy and Brazil, reports Reuters, citing two unnamed sources. The company has invited its current supplier Ericsson as well as Nokia, Cisco, Mavenir and Microsoft-owned Affirmed Networks to bid for the tender, but has so far chosen not to include Huawei on the list of suppliers amid security concerns.
Eight John Lewis stores set to permanently close
2020-07-09 13:36:00| Daily apparel & textile news and comment - from just-style.com
Eight John Lewis stores will permanently shutter as the group presses forward with a major business strategy review.
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