Industries

Turnover increase of 20% for retailers this week

The first week after the introduction of the hybrid e-commerce model known as click-and-collect (dubbed "click-away" in Greece) saw the turnover of retail enterprises boosted by about 20% compared to the previous week. However, in this can in no way offset all of the sector's festive season losses as the lockdown does not allow for the conventional operation of brick-and-mortar stores.

Hyundai Motor moves to buy all stakes at Turkish subsidiary

South Korean automotive giant Hyundai Motor on Dec. 17 applied to the Turkish competition authority to buy 30 percent stake of Hyundai Assan from Kibar Holding in a bid to become the absolute owner of the Turkish carmaker.

Hyundai Motor, the world's fifth-biggest auto group, currently holds 70 percent stake of Hyundai Assan.

UN Report: Food Prices Rocket for First Time in 5 months

The UN Food and Agriculture Organization (FAO) food price index also predicted that cereal production would be 2.704 billion tonnes in 2019, slightly lower than its last forecast.

World food prices rose for the first time in five months in October, boosted by jumps in quotations for sugar and cereals, the United Nations food agency said on Thursday.

Cenergy’s talks with Nexans stop

Negotiations between French multinational cable manufacturer Nexans and local Viohalco's subsidiary Cenergy Holdings on the sale of Hellenic Cables to the European giant have proved fruitless. Still, the very fact that there were such talks has placed Hellenic Cables at the center of attention among its international peers.

Trump says he’ll leave if Electoral College seats Biden

President Donald Trump said on Nov. 26 that he will leave the White House if the Electoral College formalizes President-Elect Joe Biden's victory- even as he insisted such a decision would be a "mistake"- as he spent his Thanksgiving renewing baseless claims that "massive fraud" and crooked officials in battleground states caused his election defeat.

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