British pub operators Mitchells & Butlers and Fuller, Smith & Turner posted millions in financial losses on Thursday and said they had cut around 2,000 jobs as the hospitality industry reels from the past month's re-tightening of COVID-19 restrictions.
South Korea's LG Corp said on Thursday its board had decided to restructure its conglomerate LG Group by separating some of its affiliates such as display chip maker Silicon Works Co Ltd to form a new conglomerate next year.
The Philippines is set to sign a supply agreement for AstraZeneca's potential COVID-19 vaccine on Friday, the first such deal in a country aiming to further reopen its economy that has been ravaged by the pandemic.
The proportion of British workers on furlough has jumped to its highest level since late June following the introduction of a temporary four-week lockdown across England, official figures showed on Thursday.
The Philippines is set to sign a
supply agreement for AstraZeneca's potential COVID-19
vaccine on Friday, the first such deal in a country aiming to
further reopen its economy that has been ravaged by the
Belarus has proposed to increase a tariff it charges Russia for oil transit to Europe by a quarter, raising the stakes in oil supply talks complicated by political upheaval in Minsk, three oil industry sources told Reuters on Thursday.
Russia's finance ministry plans to scale down selling of OFZ treasury bonds in 2021 and beyond, hoping the budget will no longer require massive borrowing as it did this year amid the global coronavirus crisis, a senior official said.
British finance minister Rishi Sunak said on Thursday that record public borrowing is not forecast to fall fast enough to be sustainable, the closest he has come to acknowledging that taxes will need to rise once the coronavirus pandemic is over.