Month: September 2019

(Reuters) – Fast-fashion retailer Forever 21 filed for bankruptcy late on Sunday, joining a growing list of brick-and-mortar companies that have seen sales hit by the rise of competition from online sellers like Amazon.com Inc (AMZN.O) and the changing fashion trends dictated by millennial shoppers. Forever 21 Inc, the privately held company that helped popularize
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(Reuters) – WeWork’s parent The We Company said on Monday it will file to withdraw its initial public offering, a week after the SoftBank-backed office-sharing startup ousted founder Adam Neumann as its chief executive officer. FILE PHOTO: A man enters a WeWork co-working space in New York City, New York U.S., January 8, 2019. REUTERS/Brendan
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BEIJING (Reuters) – China warned on Monday of instability in international markets from any “decoupling” of China and the United States, after sources said the Trump administration was considering delisting Chinese companies from U.S. stock exchanges. FILE PHOTO: Chinese and U.S. flags flutter near The Bund, before U.S. trade delegation meet their Chinese counterparts for
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MANCHESTER, England (Reuters) – A spokesman for British Prime Minister Boris Johnson has denied allegations that Johnson groped two women 20 years ago. Britain’s Prime Minister Boris Johnson is seen outside the venue for the Conservative Party annual conference in Manchester, Britain, September 29, 2019. REUTERS/Phil Noble As Johnson prepares to lead the United Kingdom
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FILE PHOTO: Logo of Tencent is displayed at a news conference in Hong Kong, China March 22, 2017. REUTERS/Tyrone Siu OSLO (Reuters) – China’s Tencent Holding Ltd (0700.HK) has agreed to buy a 29% stake in Oslo-listed computer games developer Funcom (FUNCOM.OL), becoming the biggest shareholder, Funcom said on Monday. Tencent, itself a major distributor
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FILE PHOTO: Vehicles are seen as heavy smog blankets China’s capital after the city issued its first air pollution alert for the winter season, in Beijing, China November 26, 2018. REUTERS/Jason Lee SINGAPORE (Reuters) – The municipal government of Shanghai, China’s financial capital, is aiming to wipe out some 120,000 lower-end diesel-powered trucks by 2020
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FILE PHOTO: The GM logo is seen at the General Motors plant in Sao Jose dos Campos, Brazil, January 22, 2019. REUTERS/Roosevelt Cassio (Reuters) – General Motors Co and United Auto Workers (UAW) said they will continue talks on a new labor deal on Monday, as a strike by the union’s members enters its third
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