UK retailer Debenhams goes into the red again

UK retailer Debenhams goes into the red again

UK retailer Debenhams goes into the red again /node/1656261/business-economy. Debenhams' 142 UK stores are closed with Britain in coronavirus lockdown. The moves makes Debenhams the first major retail casualty of the health crisis in Ireland, where the government, as in the UK, has closed all non-essential shops.. The heavy lifting of the meeting - the need for a rapprochement between Saudi Arabia and Russia if any headway was to be made in tackling the huge global oversupply of crude - was accomplished fairly efficiently.. Still to be decided is the important issue of what baseline level of production the cuts are calculated from, but it is expected that Saudi Arabia will make the biggest contribution, perhaps cutting more than 3 million barrels of output.. The leaders "stressed the importance of cooperation between oil producing nations to maintain stability of energy markets and support growth in the global economy," which is a good omen ahead of the meeting of G20 energy ministers scheduled for Friday mid-day Vienna time.. Despite the "historic" agreement between Saudi Arabia and Russia, and the prospect of some American buy-in to follow, the price of Brent crude, which has been rising most of last week in