French billionaires raise stakes in defence of publisher Lagardere

PARIS (Reuters) – France’s business elite closed ranks around publishing group Lagardere (LAGA.PA) on Monday with LVMH’s Bernard Arnault and Vivendi’s (VIV.PA) Vincent Bollore swooping in to bolster its defences against London-based hedge fund Amber Capital. Arnault, France’s richest man, has bought a 25% stake in Lagardere Capital & Management (LCM), the personal holding company of Arnaud Lagardere, the heir […]

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Furor Over Mask Requirements Mirrors Retail’s Open-Carry Rules

Last year, Walmart Inc. and Kroger Co. asked workers to gently encourage gun-carrying customers to leave their firearms outside. The ill-defined policies put employees in a difficult, even dangerous position, thrusting them onto the front lines of a contentious national debate. Now it’s happening again. This time the issue is shoppers wearing masks inside grocery stores. While many retail chains […]

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Malaysia Economic Growth Slows In Q1

Malaysia’s economic growth eased sharply in the first quarter as measures taken to contain the spread of the coronavirus, or Covid-19, pandemic weighed on exports and domestic growth, data from Bank Negara Malaysia showed Wednesday. Gross domestic product grew 0.7 percent on a yearly basis, much slower than the 3.6 percent rise in the fourth quarter of 2019 but confounding […]

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UK Economy Logs Biggest Contraction Since 2008

The UK economy contracted the most since the global financial crisis as measures adopted to reduce the transmission of the coronavirus took a toll on overall activity, data from Office for National Statistics revealed on Wednesday. Gross domestic product fell 2 percent sequentially in the first quarter, which was the largest decline since the fourth quarter of 2008. Economists had […]

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3M, Pfizer See Recovery in Sight With Economic Woes Near Peak

The coronavirus outbreak blindsided the world as it sent economies into a nosedive. Now, the bottom is starting to come into focus for several of the largest companies in the U.S. Manufacturer 3M Co. and drugmaker Merck & Co. see the pandemic impact peaking this quarter, paving the way for some semblance of a rebound later in the year. As […]

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After betting its future on Boeing, jetmaker Embraer scrambles for elusive plan B

SAO PAULO/PARIS (Reuters) – Brazilian planemaker Embraer SA (EMBR3.SA) has been thrust into an uncertain future with no immediate plan B, while not ruling out seeking a bailout after Boeing Co (BA.N) jettisoned a $4.2 billion commercial aerospace tie-up amid the coronavirus crisis. The company’s shell-shocked chief executive, in the job for a year with little aerospace experience, sought to […]

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Brazil President Bolsonaro fires Health Minister Mandetta

BRASILIA (Reuters) – Brazilian President Jair Bolsonaro fired Health Minister Luiz Henrique Mandetta on Thursday, Mandetta said on Twitter, after the two had clashed for weeks about how to respond to the coronavirus pandemic. Oncologist Nelson Teich will be appointed to replace Mandetta, a person with knowledge of the matter told Reuters on condition of anonymity. Source: Read Full Article

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