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Israel's Bezeq Telecom to reach 1 million homes with fibre optic in 2021

Bezeq Israel Telecom reported lower quarterly profit on Wednesday and said it was advancing a plan to merge two business units to cut costs and ramping up deployment of a fibre-optics network. ....

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Best Buy signals slowing sales of work-from-home electronics

2 Min Read
(Reuters) - Best Buy Co Inc signaled a slowdown in the coronavirus crisis-driven demand for remote-work computer equipment on Thursday as it missed holiday-quarter sales estimates, sending its shares down 8%.
The rise of home offices and a shift to remote learning by schools raised demand for laptops, webcams, and other computer equipment last year, making Best Buy one of the bigger retail winners of the COVID-19 pandemic.
However, the consumer electronics retailer is unsure how the rollout of vaccines would affect consumer demand and shopping patterns, Chief Financial Officer Matt Bilunas said.
“There is a high level of uncertainty related to the impacts of the COVID-19 pandemic that makes it difficult to predict how sustainable these trends will be,” he said. ....

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Best Buy signals waning demand for work-from-home electronics

2 Min Read
(Reuters) - Best Buy Co Inc signaled a slowdown in the coronavirus crisis-driven demand for remote-work computer equipment on Thursday as it missed holiday-quarter sales estimates, sending its shares down 8%.
The rise of home offices and a shift to remote learning by schools raised demand for laptops, webcams, and other computer equipment last year, making Best Buy one of the bigger retail winners of the COVID-19 pandemic.
However, the consumer electronics retailer is unsure how the rollout of vaccines would affect consumer demand and shopping patterns, Chief Financial Officer Matt Bilunas said.
“There is a high level of uncertainty related to the impacts of the COVID-19 pandemic that makes it difficult to predict how sustainable these trends will be,” he said. ....

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U.S. retail sales expected to jump on vaccine rollout, pent-up demand in positive sign for economy

U.S. retail sales could rise as much as 8.2% to more than $4.33 trillion this year as more people get the COVID-19 vaccine and the economy reopens, the National Retail Federation (NRF) said on Wednesday. ....

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At least five weeks between each step to ease lockdown in England

By Reuters Staff
1 Min Read
FILE PHOTO: Shoppers walk down Oxford Street, as a second lockdown in England ends, amid the outbreak of the coronavirus disease (COVID-19) in London, Britain, December 2, 2020. REUTERS/Toby Melville
LONDON (Reuters) - There will be at least five weeks between each step to ease lockdown measures in England, the government said on Monday as it set out key dates to reopen schools, shops, restaurants and other parts of the economy.
“It takes around four weeks for the data to show the impact of easing restrictions and the government will provide a further week’s notice to the public and businesses ahead of any further changes,” it said in its roadmap document. ....

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