MILAN (Reuters) – Telecom Italia (TIM) will keep its offices across Italy closed on Fridays as part of a deal with unions to expand home working, cut energy costs and improve work-life balance f[...]
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Economy
Marketmind: Fearless?
A look at the day ahead in U.S. and global markets from Mike Dolan. As bond markets furiously flag a looming recession, stock markets suddenly seem fearless. Wall St’s so-called ‘fear inde[...]
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Easing euro zone downturn offers hope of milder recession
By Jonathan Cable LONDON (Reuters) -The downturn in euro zone business activity eased slightly in November offering a glimmer of hope the expected recession may be shallower than feared, but consumers[...]
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Caterer Elior soars as sales beat, new outlook reassure investors
By Federica Mileo and Diana Mandia (Reuters) -French caterer Elior beat sales expectations on Wednesday and forecast a quick return to profitable growth after a third straight annual loss, sending its[...]
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Prosus goes on cost-cutting drive, targets profit in 2 years
By Promit Mukherjee and Toby Sterling AMSTERDAM (Reuters) -Technology investor Prosus NV said on Wednesday it would launch a cost cutting drive as it seeks to turn a profit in its core businesses with[...]
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Volkswagen strikes below-inflation wage deal, continues German trend
By Jan Schwartz HAMBURG (Reuters) -Volkswagen on Wednesday agreed a two-year wage deal for workers at its western German factories, offering around 8.5% more pay, which was below inflation but above w[...]
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China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources
By Julie Zhu and Kane Wu HONG KONG (Reuters) – Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a dea[...]
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IMF urges China to boost COVID vaccinations, restore property sector confidence
By David Lawder WASHINGTON (Reuters) – The International Monetary Fund urged China on Wednesday to boost COVID-19 vaccination rates and give more robust support to its troubled property sector t[...]
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Putin promises further efforts to unblock more Russian fertiliser exports
MOSCOW (Reuters) – President Vladimir Putin said on Wednesday Russian officials would work to unblock Russian fertilisers stuck in European ports and to resume ammonia exports via a pipeline thr[...]
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