|  | | | | | | | | British tycoon Philip Green's Arcadia fashion group has collapsed into administration, putting over 13,000 jobs at risk and becoming the country's biggest corporate casualty of the COVID-19 pandemic so far, administrator Deloitte said on Monday. | | | | | | The insolvency of tycoon Philip Green's Arcadia fashion group marks a dismal end to a remarkable career in the retail sector. | | | | | | Thirty-two groups including ones focused on antitrust, consumer advocacy and progressive issues sent a letter to President-elect Joe Biden on Monday urging him to reject the influence of Big Tech companies on his administration. | | | | | | OPEC members moved closer on Monday to extending existing oil production cuts for three months from January but still need to convince the wider OPEC+ group led by Russia to support the move, ministers and delegates said on Monday. | | | | | | Brazil-based food processor BRF SA said on Monday its Lajeado pork unit has been authorized to resume exports to China, according to a statement sent to Reuters, as the Asian nation continues to rely on meat imports. | | | | | | Ivory Coast and Ghana are cancelling all cocoa sustainability schemes that U.S.-based Hershey runs in their countries, accusing the chocolatemaker of trying to avoid paying a cocoa premium aimed at combating farmer poverty. | | | | | | Cyber Monday was set to garner up to $12.7 billion in online sales, according to industry estimates, surpassing Black Friday's digital numbers as U.S. retailers enter the last lap of an extended holiday selling season. | | | | | | JPMorgan Chase & Co is planning to freeze salary raises for most employees at the vice president level and above, Bloomberg News reported on Monday, citing people briefed on the preliminary discussions. | | | | | | Italy's UniCredit said Chief Executive Jean Pierre Mustier would step down at the end of his current term in April 2021. | | | | | | Business information provider S&P Global Inc agreed on Monday to pay $44 billion in stock to acquire IHS Markit Ltd in the year's biggest acquisition that will create a new data powerhouse serving Wall Street and the corporate world. | | | | | | | | | | | |
