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.
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.
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.
Philip Green's struggling British fashion group Arcadia has turned down rival Frasers Group's offer of a "lifeline" loan of up to 50 million pounds ($67 million), sportswear retailer Frasers, controlled by Mike Ashley, said on Monday. Ciara Lee reports
The world's most valuable car company, Tesla, has obtained permission to start selling its Shanghai-made Model Y sports utility vehicle in China. Eve Johnson reports.
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