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French carmaker PSA sets up fund for staff and new health check measures
PARIS (Reuters) – French carmaker and Peugeot owner PSA <PEUP.PA> announced on Wednesday the creation of a solidarity fund to help staff affected by the closures of plants due to the COVID-19 outbreak, and new steps to protect the health of its workers. PSA said it was creating the fund, ensuring the full compensation to […]
Britain, on trade collision course with EU, says it could walk away
By Elizabeth Piper, Kylie MacLellan and William James LONDON (Reuters) – Britain unveiled a negotiating mandate on Thursday for talks with the European Union that puts it on a collision course with Brussels, saying it was ready to walk away if “good progress” was not made by June. After leaving the EU last month, Britain […]
German manufacturing expectations record fastest-ever plunge
By Michael Nienaber and Paul Carrel BERLIN (Reuters) – The coronavirus outbreak caused the steepest drop in German manufacturers’ expectations in the 70-year history of surveys, data showed on Thursday, as the three main economic institutes predicted anything from mild recession to a generational crash. The grim outlook and the rapid spread of the virus […]