Macy's posts nearly $4 billion in losses, doesn't expect another shutdown

(Reuters) – Macy’s Inc reported a staggering $3.58 billion loss on Wednesday for its coronavirus-hit first quarter as store shutdowns resulted in the department store chain recording a $3 billion impairment charge. The global health crisis has forced brick-and-mortar retailers to tap credit lines, lay off employees and suspend dividends and buybacks in a bid to stay afloat. “While our […]

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Macron says new tactics 'shifted the dynamic' in Sahel fight

Leaders from G5 Sahel bloc of nations and French president meet in Nouakchott to discuss campaign against armed groups. Leaders from five Sahelian countries and French President Emmanuel Macron have met in Mauritania’s capital, Nouakchott, to discuss how to reduce attacks in a region plagued by escalating violence and a worsening humanitarian situation. Macron said on Tuesday troops from his […]

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Coffee maker JDE Peet's shares pop 15% after $17 billion virtual IPO

AMSTERDAM (Reuters) – Shares in coffee maker JDE Peet’s surged 15% in their stock market debut on Friday as investors jumped on the only big European IPO launched during the coronavirus crisis. Shares in the world’s No. 2 maker of packaged coffee, whose brands include Douwe Egberts, Peet’s Coffee and Jacobs, were priced at 31.50 euros, valuing the firm at […]

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Macy's forecasts $1 billion quarterly loss due to lockdowns

(Reuters) – Macy’s Inc (M.N) forecast a quarterly operating loss of up to $1.11 billion on Thursday, as the retailer was forced to shut stores due to lockdowns implemented to curb the spread of the coronavirus. The department store chain said it expects to post an operating loss of between $905 million and $1.11 billion. It also forecast first-quarter sales […]

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London streets to go car-free to encourage walking and cycling

LONDON (Reuters) – Cars will be banished from miles of streets in central London to encourage more walking and cycling and help public transport cope with social distancing restrictions, the city’s mayor said on Friday. Sadiq Khan said the plan, which covers major cross-town routes, would transform parts of central London into one of the largest car-free zones in any […]

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French primary pupils trickle back to class after eight-week lockdown

PARIS/VELIZY (Reuters) – Across France, primary school pupils on Tuesday sat at least a metre apart in small classes and listened to teachers in masks on their first day back after two months of home-schooling during the coronavirus lockdown. The lessons, though, did not cover maths or grammar, but hygiene amid a public health emergency: wash your hands, don’t touch […]

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UAE officials 'visit Sudan' to rally support for Libya's Haftar

Sources tell Al Jazeera the Emirati delegation, headed by Tahnoun bin Zayed, spent five hours in Khartoum on Wednesday. Several top United Arab Emirates (UAE) officials visited the Sudanese capital to rally support and recruit fighters for Libya’s renegade commander Khalifa Haftar, sources have told Al Jazeera. Two planes, one bearing the insignia of Manchester City Football Club, landed in Khartoum […]

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Coronavirus: Uruguay reopens some rural schools

Hundreds of primary schools in rural areas of Uruguay have reopened amid the coronavirus pandemic. Attendance will not be compulsory to allow parents to decide whether to send their children back into the classroom. Schools which have reopened had to be disinfected and will comply with restrictions imposed to curb the spread of the virus. Uruguay has had 549 confirmed […]

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