Business

FILE PHOTO: A clean worker wearing a face mask drives past a closed IKEA store, as the country is hit by an outbreak of the new coronavirus, in Beijing, China February 7, 2020. REUTERS/Jason Lee LONDON (Reuters) – IKEA, the world’s biggest furniture brand, is reopening nine of its stores in China this weekend, a
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FILE PHOTO: The logo of Aramco is seen as security personnel stand before the start of a press conference by Aramco at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019. REUTERS/Hamad I Mohammed DUBAI (Reuters) – Shares of Saudi Aramco 2222.SE fell below their initial public offering (IPO) price on Sunday for
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NEW YORK (Reuters) – Bargain-hunting investors are eyeing the shares of airlines, hotels, cruise lines and other companies that have been among the worst-hit by the coronavirus outbreak. The recent declines have brought down the valuations of travel and leisure-related companies to levels some investors are believe are attractive. American Airlines Group Inc (AAL.O), for
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FILE PHOTO: A Facebook logo is displayed on a smartphone in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo (Reuters) – Social media giant Facebook Inc (FB.O) and Alphabet Inc’s (GOOGL.O) Google on Thursday recommended their San Francisco Bay area employees to work from home to minimize the risk of spreading Covid-19. Facebook said
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FILE PHOTO: Jackets are on display in the Hugo Boss section in the Central Universal Department Store (TsUM) in Kiev, Ukraine, May 17, 2017. REUTERS/Valentyn Ogirenko/File Photo BERLIN (Reuters) – German fashion house Hugo Boss (BOSSn.DE) warned on Thursday that the coronavirus will have a significant impact on its first-quarter results, with sales falling particularly
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CHICAGO/SYDNEY (Reuters) – The rapid spread of coronavirus cases worldwide is complicating a standard strategy used by airlines when disease, disaster or conflict hit travel destinations: lower fares and redirect flights to trouble-free areas. FILE PHOTO: People wearing protective face masks walk as they arrive at Charles de Gaulle airport near Paris, France, as the
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Swiss bank UBS CEO Sergio Ermotti addresses a news conference in Zurich, Switzerland February 20, 2020. REUTERS/Arnd Wiegmann ZURICH (Reuters) – Swiss Re (SRENH.S) said it will nominate UBS Group Chief Executive Sergio Ermotti to be its next chairman, the Swiss reinsurer said on Tuesday. Ermotti, who is due to step down from Switzerland’s biggest
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FILE PHOTO: The logo of Samsung Electronics is pictured at the company’s factory in Tijuana, Mexico, June 1, 2019. REUTERS/Jorge Duenes HANOI (Reuters) – South Korea’s Samsung Electronics has started building a $220 million research and development center in Vietnam, the Vietnamese government said on Monday. Construction of the center in Hanoi will be completed
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