Business & Finance News
The World Trade Organization (WTO) formally authorized the United States on Monday to impose tariffs on up to $7.5 billion of imports of EU goods after a decision earlier this month by a WTO arbitrator over subsidies to planemaker Airbus .
Oil prices eased on Monday as scant details on the first phase of a trade deal between the United States and China undercut last week’s optimism over a U.S.-Sino thaw that helped to lift crude markets by 2% at the end of last week.
Emirates doubts it will receive any of the 115 Boeing 777-9s it has ordered next year, its president said on Monday, as the U.S. planemaker grapples with challenges in building the jet.
Volkswagen does not expect the shift in production toward electric cars aimed at averting billions of euros in European pollution fines to hurt its profit margins, Chief Executive Herbert Diess said in a newspaper report on Monday.
Clothing and furnishing retailer Laura Ashley Holdings Plc said on Monday it had named Sagar Mavani as its chief financial officer, replacing Seán Anglim who has been with the company since 1998. Mavani’s appointment comes at a time when the company is struggling with poor performance in its home furnishings business and a decline in online sales. The company swung to a full-year pretax loss of almost 10 million pounds ($12.57 million) earlier this year. Anglim, w
Julian Dunkerton, the founder of British fashion group Superdry , has become the firm’s permanent chief executive after he won an acrimonious battle for control in April, it said on Monday.
A slide in China’s exports picked up pace in September while imports contracted for a fifth straight month, pointing to further weakness in the economy and underlining the need for more stimulus as the Sino-U.S. trade war drags on.
The founder of British fashion group Superdry , who won an acrimonious battle to rejoin the board in April, has become the firm’s permanent chief executive.
Emirates Airline President Tim Clark said on Monday he sees a place for Boeing’s 787 aircraft in the Dubai airline’s fleet.
Liberty Global has offered to buy up to 500 million Swiss francs ($502.11 million) in newly created Sunrise Communications shares – a move aimed at rescuing the 6.3 billion franc sale of its Swiss business.
A number of Russian investors are interested in a planned initial public offering of Saudi Arabian state-owned oil company Saudi Aramco, Kirill Dmitriev, the chief executive officer of Russian sovereign wealth fund RDIF, told reporters on Sunday.
Emirates Airline President Tim Clark said the group’s Dnata unit’s exposure to the bankrupt holiday operator Thomas Cook is “not a small amount”.
China’s copper imports rose 10.15% in September from a month earlier, to their highest in eight months, data from the customs showed on Monday, as higher prices in Shanghai drew shipments to the world’s top consumer of the metal.
Liberty Global has offered to buy up to 500 million Swiss francs ($502.11 million) of newly created Sunrise Communications shares – a move designed to ease through its 6.3 billion franc sale of its Swiss business.
WeWork has opened almost as many new locations in the last 3-1/2 months as it did in the whole first half of this year, likely accelerating the speed with which the office-sharing company is burning through cash as increasingly hard-nosed investors scrutinize its prospects for going public.
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