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January 19, 2021

WORKFORCE

How offshoring rolled along under Trump, who vowed to stop it

Reuters
PERU, Indiana (Reuters) – Donald Trump won the U.S. presidency four years ago, in part, by a promise to Midwest factory workers that he would stop companies like Schneider Electric SE from moving jobs out of the country. The empty parking lot of the closed Schneider Electric plant is seen......

IMF chief sees ‘high degree of uncertainty’ in global outlook

Reuters
FILE PHOTO: IMF Managing Director Kristalina Georgieva attends a news conference ahead of the World Economic Forum (WEF) in Davos, Switzerland January 20, 2020. REUTERS/Denis Balibouse WASHINGTON (Reuters) – The head of the International Monetary Fund said on Monday the global economic outlook remained highly uncertain given the coronavirus pandemic, and a......

AT&T to cut Slovakia workforce, unions expect 300 jobs to go

Reuters
FILE PHOTO: The company logo for AT&T is displayed on a screen on the floor at the New York Stock Exchange (NYSE) in New York, U.S., September 18, 2019. REUTERS/Brendan McDermid PRAGUE (Reuters) – AT&T plans to cut its workforce in Slovakia as the COVID-19 pandemic hits customer demand, the......

Amazon to open two new hubs in Italy this year

Reuters
FILE PHOTO: The logo of Amazon is pictured inside the company’s office in Bengaluru, India, April 20, 2018. REUTERS/Abhishek N. Chinnappa/File Photo MILAN (Reuters) – Amazon will open two new logistics centres in Italy this year, investing over 230 million euros ($278 million), the world’s largest online retailer said on......

UK vacancies for remote workers triple in a year: consultancy

Reuters
FILE PHOTO: Workers wearing face-masks walk past an information board on social distancing as they travel through the Waterloo Station during the morning rush hour following the coronavirus disease (COVID-19) outbreak, in London, Britain, July 6, 2020. REUTERS/Toby Melville LONDON (Reuters) – Demand for remote workers in Britain tripled over......

Canada’s Couche-Tard drops Carrefour takeover plan, companies say

Reuters
Jan 16 (Reuters) – Canada’s Alimentation Couche-Tard and European retailer Carrefour SA, have decided to extend their discussions to examine opportunities for operational partnerships, after Couche-Tard dropped its bid to acquire Carrefour, the two companies said in a joint statement on Saturday. (Reporting by Ann Maria Shibu in Bengaluru Editing......

After long journey, Fiat Chrysler and PSA to seal merger to become Stellantis

Reuters
MILAN (Reuters) – Fiat Chrysler and PSA will seal their long-awaited merger on Saturday to create Stellantis, the world’s fourth-largest auto group with deep enough pockets to fund the shift to electric driving and take on bigger rivals Toyota and Volkswagen. FILE PHOTO: The logo of Stellantis is seen in......

Factbox: U.S. president-elect Biden pledged to change immigration. Here’s how

Reuters
(Reuters) – U.S. President-elect Joe Biden has promised a quick and dramatic reversal of the restrictive immigration policies put in place by his predecessor President Donald Trump. While Biden pledged to undo many of Trump’s policies starting the first day he takes office on Jan. 20, the layers of reforms......

Analysis: Biden’s $1.9 trillion rescue package offers bridge for hard-hit economy

Reuters
(Reuters) – U.S. President-elect Joe Biden’s proposal to pour $1.9 trillion into a hobbled economy could lay the foundation for a surge in jobs and spending that many economists say is needed to avoid long-term damage from a record-breaking pandemic recession. FILE PHOTO: U.S. President-elect Joe Biden walks into the......

U.S. airlines back Biden plan to mandate masks for passengers

Reuters
By David Shepardson, Tracy Rucinski FILE PHOTO: A traveler wearing a protective face mask and a face shield to prevent the spread of the coronavirus disease (COVID-19) goes through security to board a flight at the airport in Denver, Colorado, U.S., November 24, 2020. REUTERS/Kevin Mohatt/File Photo WASHINGTON/CHICAGO (Reuters) –......

Fed’s Rosengren says U.S. labor markets could stagnate until vaccine is widely available

Reuters
File Photo: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo (Reuters) – The U.S. economy could face significant weakness over the next couple of months until coronavirus vaccines are widely distributed, but those vaccines, combined with......

Fed’s Rosengren says U.S. labor markets could stagnate until vaccine is widely available

Reuters
(Reuters) – The U.S. economy could face significant weakness over the next couple of months until coronavirus vaccines are widely distributed, but those vaccines, combined with the increased odds for fiscal stimulus under President-elect Joe Biden, could boost the economy in the long run, Boston Federal Reserve Bank President Eric......

Fed policymakers push back on QE taper talk

Reuters
By Ann Saphir, Howard Schneider (Reuters) – Despite optimism over vaccines and the likelihood of more fiscal stimulus under the incoming Biden administration, the Federal Reserve is sticking with its super-easy monetary policy, policymakers made clear on Wednesday. FILE PHOTO: Federal Reserve Board Governor Lael Brainard speaks at the John......

Fed’s Harker says central bank won’t let inflation run out of control

Reuters
(Reuters) – The Federal Reserve is going to keep interest rates “low for long” as it supports the healing labor market and works to kindle higher inflation, but it will not let inflation get out of control, Philadelphia Fed President Patrick Harker said on Wednesday. “We’re willing to overshoot inflation......

Fed sees modest growth but says optimism tempered by virus resurgence

Reuters
(Reuters) – U.S. economic activity increased modestly in recent weeks and a growing number of Federal Reserve districts saw a drop in employment as a surge in coronavirus infections led to more shutdowns, the U.S. central bank said on Wednesday. FILE PHOTO: The Federal Reserve Building stands in Washington April......

Unilever ‘strongly encourages’ workers to get COVID vaccine

Reuters
LONDON (Reuters) – Unilever is strongly encouraging its employees to get vaccinated against the coronavirus as soon as possible, its chief executive officer told Reuters on Wednesday. FILE PHOTO: A woman stands behind a machine that is part of a toothpaste manufacturing line at the Unilever factory in Lagos, Nigeria......

Dollar General plans to pay employees to get COVID-19 vaccination

Reuters
FILE PHOTO: A sign is seen outside a Dollar General store in Chicago, Illinois, U.S. May 23, 2016. REUTERS/Jim Young/File Photo (Reuters) – Dollar General Corp will offer frontline employees four hours worth of pay after they get the COVID-19 vaccine, the discount retailer said on Wednesday, making it one......

Dropbox to cut 11% of its global workforce

CNBC
CNBC – For more and to sign up click here Dropbox Inc. co-founder Drew Houston waits as Dropbox (DBX) is listed for the company’s initial public offering (IPO) at the Nasdaq Market Site in New York, U.S., March 23, 2018. Lucas Jackson | Reuters Dropbox is cutting its global workforce......

Dropbox to layoff 11% of its workforce, COO to step down

Reuters
FILE PHOTO: The Dropbox app logo seen on a mobile phone in this illustration photo October 16, 2017. REUTERS/Thomas White/Illustration (Reuters) – File hosting service provider Dropbox Inc said on Wednesday it will layoff 11% of its global workforce to streamline in line with its business priorities. Chief Operating Officer......

Fed’s Rosengren says U.S. economy could see robust recovery in second half of 2021

Reuters
File Photo: The Federal Reserve Bank of Boston’s President and CEO Eric S. Rosengren speaks in New York, April 17, 2013. REUTERS/Keith Bedford/File Photo (Reuters) – The U.S. economy could see a strong rebound in the second half of this year as vaccinations become widely available, but the virus is......

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