Walmart (N:WMT) said it will not display in its stores the flag of the U.S. state of Mississippi, which includes a Confederate flag emblem, and is separately reviewing if items sold on its website in Canada breached its terms after online outrage over "All Lives Matter" products on the site.
SINGAPORE - The dollar was under pressure on Wednesday, after upbeat data in Europe boosted the euro and helped stoke hopes for a global economic recovery, underpinning appetite for riskier currencies.
The dollar sold off in early European trade Tuesday, as the Federal Reserve’s move to start purchasing U.S. corporate bonds boosted sentiment at the expense of safe havens.
European stock markets climbed strongly Tuesday, helped by further signs central banks will continue to support the global economy in the wake of the damage caused by the coronavirus pandemic.
Giant U.S. banks still have to deliver a Brexit plan to get staff across the English Channel, before a potential second wave of Covid-19 forces Europe’s doors shut again.JPMorgan Chase (NYSE:JPM) & Co., Morgan Stanley (NYSE:MS) and Goldman Sachs Group Inc (NYSE:GS). have lost precious months during the pandemic lockdowns in moving employees to European Union financial hubs. With Brexit talks deadlocked and time running out before the year-end deadline, firms are finally reactivating long-held plans to shift staff from London -- only to find they can’t move fast enough.“Relocating staff during a second spike is a concern,” said Peter Bevan, a partner at the law firm Linklaters. “During lockdowns, a small number of people have been caught in the wrong place and regulators understand that, but if you are talking about an entire team stuck in the location regulators want them to move from, that will make for a tougher conversation.”