Friday, 23 Oct 2020

EssiLux case puts $8.5 billion GrandVision takeover in doubt

AMSTERDAM (Reuters) – EssilorLuxottica said on Monday that GrandVision’s actions during the coronavirus crisis could provide grounds for ending its 7.2 billion euro ($8.5 billion) takeover of the Dutch eyewear stores operator. The French-Italian maker of Ray-Ban told a court hearing in Rotterdam that GrandVision had breached agreements by suspending payments to store owners and […]

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Anxious Mauritians use hair to stem Japanese ship's oil spill

NAIROBI (Reuters) – Mauritians are making floating booms of human hair and leaves in a round-the-clock scramble to mop up oil leaking from a grounded Japanese ship onto their pristine Indian Ocean beaches. The MV Wakashio, owned by the Nagashiki Shipping Company and operated by Mitsui OSK Line, began oozing fuel into turquoise sea waters […]

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Comeback for Scholz as his party names him German chancellor candidate

BERLIN (Reuters) – Germany’s Social Democrats proposed Olaf Scholz, the finance minister and their most high-profile and popular politician, to run to succeed Chancellor Angela Merkel in next year’s elections, when her fourth and final term is expected to end. The decision marks a comeback for the former Hamburg mayor, who was last year defeated […]

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Strong economic recovery in 2021 less certain – Irish Deputy PM

DUBLIN, Aug 10 (Reuters) – A very strong Irish economic recovery from its COVID-19 lockdown looks less certain next year, Deputy Prime Minister Leo Varadkar said on Monday, days after the government reimposed local restrictions for the first time. “I think to be frank the economic impact is going to be a lot worse than […]

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