Business & Finance News
Fears of a major downturn in euro zone powerhouse Germany grew this week following “scary” industrial output figures for June and reports due over the coming week that will hold those concerns up to the light.
Ryanair’s directly employed pilots in Ireland on Friday voted overwhelmingly in favor of industrial action unless the airline agrees to union pay proposals by Monday, the Forsa/IALPA trade union said.
U.S. stocks futures slipped on Friday, a day after Wall Street roared back to record its biggest one-day rise in two months, as investors grappled with fresh trade tensions and political turmoil in Britain and Italy.
Ryanair’s main pilots union in Spain will vote in the coming days on possible industrial action, including going on strike, in response to planned job cuts at the low cost carrier, the local SEPLA trade union said.
Oil prices rose on Friday, supported by expectations of more OPEC production cuts despite the International Energy Agency (IEA) reporting demand growth at its lowest level since the financial crisis of 2008.
Huawei Technologies unveiled on Friday its proprietary operating system for smartphones and other devices, as U.S. trade restrictions imposed in May threaten to cut the Chinese firm’s access to U.S. technologies such as Android.
Trade war worries and the prospect of early elections in Italy and Britain hit European markets on Friday, while the week’s search for safety left gold on course for its best week in three years, Japan’s yen near an eight-month high and bonds surging.
Embattled Hong Kong leader Carrie Lam said on Friday the business community was very worried about the long-term consequences of protests in the Asian financial hub.
Huawei Technologies [HWT.UL] unveiled on Friday its proprietary operating system for smartphones and other devices, as U.S. trade restrictions imposed in May threaten to cut the Chinese firm’s access to U.S. technologies such as Android.
Trade war worries and the prospect of early elections in Italy and Britain hit European markets on Friday, while the week’s search for safety left gold on course for its best week in three years, Japan’s yen at an eight-month high and bonds surging.
Bayer shares soared as much as 11% on Friday on a report that the German company has proposed to pay up to $8 billion to settle more than 18,000 U.S. lawsuits related to its glyphosate-based weedkiller Roundup.
Malaysia filed criminal charges on Friday against 17 current and former directors at subsidiaries of Goldman Sachs Group Inc following an investigation into a multi-billion-dollar corruption scandal that led to the demise of state fund 1MDB.
Bayer shares soared as much as 11% on Friday on a Bloomberg report that the German company has proposed to pay $8 billion to settle more than 18,000 U.S. lawsuits on its glyphosate-based weedkiller Roundup case.
Huawei Technologies [HWT.UL] unveiled on Friday its proprietary operating system for use in smartphones and other devices, as U.S. trade curbs imposed in May threaten to cut the Chinese firm’s access to crucial U.S. technologies such as Android.
China’s Huawei Technologies [HWT.UL] said on Friday it would be difficult for the firm to meet its previous goal of becoming the world’s biggest smartphone maker by shipments this year due to U.S. curbs imposed in May.
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