Swiss bank UBS Group AG , its French unit and six executives faced charges of aggravated tax fraud and money laundering on Monday, the first day of a trial into allegations they helped wealthy clients avoid taxes in France.
Planemaking boss Guillaume Faury was named as the next chief executive of Airbus on Monday, ending months of uncertainty over the leadership of Europe’s largest aerospace group and underlining the dominance of its commercial jet arm.
Wall Street fell for a third straight day on Monday, mirroring global stocks, amid growing unease over effects of the Sino-U.S. trade war on global growth and with Treasury yields at multi-year highs.
Guillaume Faury will start his term as chief executive of Airbus at the company’s next shareholder meeting and he will combine it with his current role as head of the commercial jetliner business, sources familiar with the matter said.
IT services company Rocket Software said on Monday private equity firm Bain Capital had agreed to take a majority stake in the privately held firm in a deal valued at about $2 billion.
Company insider Guillaume Faury was set to be named as Airbus’s next chief executive on Monday, giving him a mandate to fill key posts and address industrial problems at the dominant jets division, people familiar with the matter said.
A British trade union called on Uber [UBER.UL] drivers to strike in London, Birmingham and Nottingham on Tuesday for 24 hours by not signing into the app, in a push for higher fares and more working rights.
The Czech Republic joined opposition by Ireland, Finland and Sweden to the European Union’s proposed tax on big internet companies in a joint paper warning that the measures may breach international treaty obligations.
Starbucks Corp on Monday named Hyatt Hotels Corp’s financial chief Patrick Grismer as its new chief financial officer, making another leadership change in the past year as it battles intense competition in a cooling U.S. coffee market.
A gauge of global equity markets slumped on Monday amid unease over the impact of the escalating U.S.-Sino trade war on China’s growth, while the dollar gained versus the euro and Italian bond yields spiked on the ongoing spat over Italy’s budget plans.
General Motors Co’s quarterly sales in China fell for the first time in over a year, hit by faltering economic growth and a wider slowdown in the world’s biggest auto market amid a whipsawing trade war with the United States.
Denmark’s financial watchdog faces an inquiry by the European Union’s banking supervisor into how it supervised Danske Bank , which last week said it was being investigated by the U.S. Department of Justice over alleged money laundering.
U.S. stock indexes were lower on Monday, pressured by a drop in technology and energy companies and muted appetite for equities after last week’s spike in Treasury yields following healthy economic data.
The European Union’s banking supervisor said on Monday it has begun preliminary inquiries into how Denmark’s financial watchdog supervised Danske Bank , which faces a widening probe into suspected money laundering.
Schroders could soon help manage the money of people with significantly less in their bank accounts than the super-rich it has targeted so far, if talks with Lloyds about a wealth management tie-up succeed.
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