Debenhams’ lenders took control of the ailing British retailer on Tuesday after it went into administration, wiping out shareholders including billionaire Mike Ashley in the latest corporate failure on the high street.
The European Union has begun preparations to retaliate over Boeing subsidies, an EU official said on Tuesday, a day after Washington listed EU products it plans to hit with tariffs in their aircraft dispute.
Lenders in Debenhams took control of the ailing British retailer on Tuesday after it went into administration, wiping out shareholders including billionaire Mike Ashley who failed in his own attempt to take over the company.
Societe Generale plans to cut 1,600 jobs, mainly at its corporate and investment banking arm, in an attempt to boost profits after a poor performance last year, France’s third-largest bank said on Tuesday.
A defiant Carlos Ghosn accused “backstabbing” former colleagues of conspiring to oust him as Nissan chairman and threatening the Japanese automaker’s future, in a video marking his first public address since his initial arrest last year.
China’s state planner wants to eliminate bitcoin mining in the country, according to a draft list of industrial activities the agency is seeking to stop in a sign of growing government pressure on the cryptocurrency sector.
Buyout group Apollo is preparing French glass bottle maker Verallia for a stock market listing later this year, in what could become one of the largest French initial public offerings of the year, people close to the matter said.
Crimefighters in Switzerland and Brazil pledged to intensify cooperation to resolve the sprawling corruption case linked to state oil firm Petrobras in which around 700 million Swiss francs ($701 million) remain frozen in Switzerland.
China has decided to accept an invitation to join the U.S. Federal Aviation Administration’s (FAA) review panel on the Boeing 737 MAX, an official of the Asian nation’s aviation regulator said on Tuesday.
April’s equities rally risked running out of puff on Tuesday, as a U.S. threat to slap tariffs on hundreds of European goods and expectations of another chunky chop to the IMF’s global growth forecasts tested investors’ stamina.
European planemaker Airbus said on Tuesday it saw no legal basis for the United States’ move towards imposing trade sanctions on its aircraft and warned of deepening trade tensions.
France’s finance minister said on Tuesday it was in the interest of Europe and the United States to find a friendly solution to their long-running WTO dispute, after the United States threatened new tariffs.
Oil hit a five-month high above $71 a barrel on Tuesday, supported by concern that violence in Libya could further tighten supply already squeezed by OPEC cuts and U.S. sanctions on Iran and Venezuela.
European planemaker Airbus said on Tuesday it saw no legal basis for the United States’ move towards imposing sanctions on a list of European Union products, including commercial aircraft.
The European Union is preparing for possible retaliation over subsidies for Boeing, a European Commission source said on Tuesday, following Washington’s listing of EU products it plans to hit with tariffs in their aircraft subsidies dispute.
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