Zalando's outlook for 2021 revenue growth above market expectations

FILE PHOTO: Zalando packaging from an online delivery is seen discarded in a cardboard box in Galway, Ireland, August 27, 2020. REUTERS/Clodagh KilcoyneFRANKFURT (Reuters) – German online fashion retailer Zalando said on Monday its revenue expectations for 2021 were significantly above market projections, following a strong start to the year. Gross merchandise volume (GMV) – or sales made on its […]

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Gold Futures Settle At 2-week High

Gold prices moved higher on Monday and the most active gold futures contracts rose to a two-week high, as the yield on long term government bonds dropped a bit. However, the dollar’s uptick limited the bullion’s gains. Traders were looking ahead to the Federal Reserve’s monetary policy announcement due later in the week. The central bank’s views on the recent […]

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Texas power retailer Griddy files for Chapter 11 bankruptcy

FILE PHOTO: An electrical substation is seen after winter weather caused electricity blackouts in Houston, Texas, U.S. February 20, 2021. REUTERS/Go Nakamura/File Photo(Reuters) – Texas power retailer Griddy Energy LLC on Monday filed for Chapter 11 bankruptcy after the state grid operator cut off the company’s access to customers for unpaid bills following a rare deep freeze in the state. […]

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Former top economic aide Sperling to oversee COVID-19 stimulus plan: White House

FILE PHOTO: Director of the National Economic Council Gene Sperling speaks to the press in the Brady Press Briefing Room at the White House in Washington, January 6, 2014. REUTERS/Larry Downing WASHINGTON (Reuters) – Former top U.S. economic adviser Gene Sperling will oversee the Biden administration’s implementation of the $1.9 trillion COVID-19 stimulus plan, the White House said on Monday […]

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Germany, Italy, France to halt AstraZeneca shots, further hitting EU vaccination campaign

BERLIN/GENEVA (Reuters) – Germany, France and Italy said on Monday they would stop administering the AstraZeneca COVID-19 vaccine after several countries reported possible serious side-effects, throwing Europe’s already struggling vaccination campaign into disarray.Teacher, Rene Kirstein, receives his first dose of AstraZeneca’s COVID-19 vaccine from nurse Susanne Kugel, amid the spread of the coronavirus disease (COVID-19) in Grevesmuehlen, Germany, March 5, […]

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A year since Black Monday 2 and a round trip for markets

LONDON (Reuters) – It’s a year since COVID-19 mayhem sent the S&P 500 index reeling 12% for its second-worst day ever, yet the bull market born from that selloff has in the subsequent 12 months added more than $40 trillion to the value of world stocks.FILE PHOTO: Dividers are seen inside a trading post on the trading floor as preparations […]

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