A British investment banker at the center of Germany’s biggest fraud trial told judges on Thursday he earned millions of euros from deals involving “astronomical” trades that prosecutors say were a means to make bogus tax reclaims.
Huawei [HWT.UL] directly challenged Apple’s new iPhone 11 with its new Mate 30 smartphone range on Thursday, highlighting its own apps brand while sidestepping the critical issue of access to Google services.
Ryanair’s Chief Executive Michael O’Leary narrowly secured approval from shareholders on Thursday for a bonus scheme that could earn him 100 million euros over five years as he revealed up to 700 pilots could lose their jobs.
U.S. stocks opened higher on Thursday, boosted by Microsoft Corp and energy stocks, a day after the Federal Reserve cut rates as expected but played down hopes of further monetary easing.
Any U.S. or Saudi military strike against Iran would bring “all-out war”, Tehran said on Thursday, keeping up a drumbeat of warnings to its adversaries after they accused the Islamic Republic of a strike on Saudi oil facilities.
The number of Americans filing applications for unemployment increased less than expected last week, pointing to strong labor market conditions that should continue to support an economy growing at a moderate pace.
France and Germany are agreed on a strategy to respond to a global economic slowdown at a time of international trade problems but differ over how fast to move, French Finance Minister Bruno Le Maire said on Thursday.
Huawei [HWT.UL] launched its Mate 30 smartphone range on Thursday in a challenge to Apple’s new iPhone 11, saying the Chinese firm’s new devices were more compact, their cameras superior and wraparound screens brighter.
World share markets and bond yields nudged modestly higher on Thursday as the U.S. Federal Reserve’s second interest rate cut of the year and promises of support from other top central banks kept global recession jitters at bay.
France and Germany are agreed on a joint strategy to respond to a global economic slowdown at a time of international trade tensions, French Finance Minister Bruno Le Maire said on Thursday.
Germany and France intend to pool efforts to create a “sovereign data infrastructure” for Europe so that the continent’s data can be stored and processed at home rather than in the United States or China, German Economy Minister Peter Altmaier said.
Saudi Arabia’s ability to avert a global oil supply crunch will only become clear in a few weeks, because for now its crude held in storage can fill the gap and mask the scale of damage to its facilities, traders and analysts say.
U.S. President Donald Trump said Federal Reserve Chairman Jerome Powell’s job is safe, even though he was “not thrilled” with the central bank after it moved to lower interest rates by a quarter of a percentage point on Wednesday.
India meets the criteria for trade concessions that the United States eliminated in June, India’s Foreign Secretary Vijay Gokhale said on Thursday.
Indian Prime Minister Narendra Modi will meet executives from energy majors BP PLC and Exxon Mobil Corp in the United States next week to discuss investment opportunities, the foreign ministry said on Thursday.
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