Germany’s Deutsche Bahn [DBN.UL] expects the government’s 50 billion euro climate change package to generate the railway company’s biggest growth spurt in its 180-year history, the state-owned firm’s boss said on Sunday.
U.S.-Israeli media magnate Haim Saban plans to give up his controlling stake in Israeli mobile phone operator Partner Communications , financial media reported on Sunday.
Bosses at Britain’s Thomas Cook were meeting lenders and creditors on Sunday to decide whether the world’s oldest travel company could survive until Monday, or face a chaotic collapse that would be felt around the world.
British foreign minister Dominic Raab said the government had contingency plans in case talks to rescue travel company Thomas Cook fail, and sought to reassure holidaymakers that they will not end up stuck overseas.
China needs to develop a better system for financing small businesses that drive innovation in the economy but currently struggle to access the funds they need for growth, a leading Chinese think-tank said in a report published Sunday.
French airline XL Airways has called on Air France to discuss a rescue deal to avert the collapse of the budget carrier that halted ticket sales and payments last week.
British security minister Brandon Lewis said he hoped talks about the future of travel company Thomas Cook come to a positive conclusion on Sunday.
Confident it can crack the $300 billion U.S. clothing and shoes market where many other foreign retailers have failed, Britain’s Primark is ready to raise its bet on the country by securing new sources of fast fashion in central America.
Almost 90 big companies in sectors from food to cement to telecommunications are pledging to slash their greenhouse gas emissions in a new campaign to steer multi-nationals towards a low-carbon future, organizers said on Sunday.
Japan’s SoftBank Group Corp is considering bringing around 40 companies with high growth potential to Brazil and expects to announce a large investment in the country in around two weeks’ time, the group’s head in Brazil, André Maciel, said on Friday.
Britain’s Thomas Cook is in talks with the government and potential investors about a last-minute rescue deal to fend off a corporate collapse that would send shockwaves well beyond the travel sector.
Chinese telecoms equipment maker Huawei Technologies Co is joining forces with China Mobile to potentially enter a dispute to buy struggling Brazilian carrier Oi SA , in an attempt to boost its footprint in Latin America’s largest market, O Globo news website reported on Saturday.
It’s time for us to talk about WeWork. As you may have heard, WeWork’s IPO is in a bit of trouble. This week, it officially postponed its IPO (MarketWatch). But WeWork insists that the IPO will take place this year. That’s because WeWork needs to IPO in 2019 in order to access a $6 billion credit facility that expires at the end of the year (CNBC).
Investors are more than willing to invest in companies going public. Beyond Meat, Zoom and CrowdStrike did extremely well. Cloudflare and Chewy did well too. So WeWork can’t blame “the environment” for the poor response …read more […]
Britain’s Thomas Cook is in talks with the government and potential investors about a last-minute rescue deal to fend off a corporate collapse that would send shockwaves well beyond the travel sector.
Marks & Spencer Group Plc said on Saturday its chief financial officer, Humphrey Singer, was stepping down after little more than a year, a further setback as the retailer is demoted from Britain’s leading share index.
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