loom | Common News Update

Nov152020 by adminNo Comments

Felixstowe Port in ‘chaos’ as Christmas and Brexit loom

Business

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Jul292020 by adminNo Comments

Stock futures rise slightly after Fed rate decision, Big Tech earnings loom

Finance

A cyclist passes by the New York Stock Exchange in New York, on May 26, 2020.Wang Ying | Xinhua News Agency | Getty ImagesU.S. stock futures rose on Wednesday night following a session in which the major averages posted solid gains as the Federal Reserve pledged to maintain current stimulative measures.Dow Jones Industrial Average futures climbed 18 points, or 0.1%. S&P 500 futures gained 0.1% and Nasdaq 100 futures advanced 0.2%.The Fed kept the overnight U.S. rate in a range between 0% and 0.25%. The central bank noted that while the economy has recovered slightly, activity and employment remain "well below their levels at the beginning of the year." Fed Chairman Jerome Powell added the central bank will keep an accommodative stance until the economy has "weathered" the effects of th...

Feb172020 by adminNo Comments

Zuckerberg meets EU officials as bloc’s new tech rules loom

Technology

Facebook CEO Mark Zuckerberg has met top European Union officials on a visit to BrusselsBy KELVIN CHAN Associated PressFebruary 17, 2020, 4:35 PM3 min readLONDON -- Facebook CEO Mark Zuckerberg met top European Union officials on a visit to Brussels on Monday, days before the bloc is expected to release new proposals on regulating artificial intelligence. The billionaire social network founder is the latest U.S. tech executive to make the trip to the headquarters of the EU, which is becoming an increasingly important player in technology regulation. Zuckerberg's visit came as the company warned that potential regulation risked stifling innovation. Zuckerberg met Margrethe Vestager, the EU's powerful executive vice president in charge of making Europe “fit for the digital age.” He also ha...

Apr192018 by adminNo Comments

Closures loom at struggling House of Fraser

Business

The struggling department store chain House of Fraser (HoF) has drafted in advisers to examine options for accelerating its restructuring, raising the prospect of further shop closures at a dire time for the British high street.Sky News has learnt that KPMG has been asked by the Chinese-owned company to explore the possibility of a formal process called a Company Voluntary Arrangement (CVA), months after it informally asked store landlords to agree to big rent cuts.The news of KPMG's appointment, which is understood to have been signed off in recent days, will fuel expectations that a substantial number of HoF's 59 outlets across the UK are facing the axe.Sources close to the company said it was not certain that HoF and its shareholders would pursue a CVA but conceded that one was a possib...