Business & Finance News
Britain’s information regulator on Thursday upheld a small but symbolic 500,000 pound ($645,000) fine for Facebook for breaches of data protection law related to the harvesting of data by consultancy Cambridge Analytica.
Oil prices fell on Thursday as Asian and European stock markets plunged in the wake of Wall Street’s biggest daily decline since 2011, with investors shedding risk in an uncertain political landscape.
Cash-strapped Chinese conglomerate HNA Group has put up for sale its luxurious $300-million-plus corporate “Dream Jet” that sports a “seven-star” hotel-style cabin, say six aviation industry sources familiar with the matter.
British carmaker Jaguar Land Rover expects to reach annual production of 100,000 cars at its plant in Slovakia by 2020, the chief executive of the newly opened factory, Alexander Wortberg, said on Thursday.
WPP lost a fifth of its market value on Thursday after a major downturn at its creative agencies in New York and London forced it to cut its sales and profit forecasts, ramping up the pressure on new boss Mark Read.
Hyundai Motor Co said third-quarter profit plunged by a shocking two-thirds on Thursday, hit by a $440 million one-off charge related to U.S. recalls and sending its shares tumbling.
Daimler Chief Financial Officer Bodo Uebber on Thursday said the company is reviewing ways to counter tariffs between China and the United States that have caused a price hike of Mercedes-Benz sports utility vehicles sold in China.
Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings, the fund said on Thursday.
ScS Group Plc said on Thursday it would stop selling made-to-order sofas, furniture and flooring at stores operated by collapsed British departmental store group House of Fraser, by the end of January.
On a muddy side-street in Abidjan, Alex Ogou directs his cast of young locals in a TV drama about gangsters in Ivory Coast that French media giant Vivendi hopes will help revive its fortunes.
Daimler Chief Executive Dieter Zetsche on Thursday said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings.
Asian shares plunged on Thursday as hundreds of billions of dollars hemorrhaged from global markets after a rout in tech stocks inflicted the largest daily decline on Wall Street since 2011, wiping out all its gains for the year.
Activist investor William Ackman’s Pershing Square Capital Management has acquired a 3.7 percent stake in hotel operator Hilton Worldwide Holdings Inc, the activist hedge fund said on Thursday.
Daimler Chief Executive Dieter Zetsche on Thursday said customer demand remains strong even as a regulatory crackdown on diesel cars and a 13 percent sales slowdown for Mercedes-Benz cars in Germany weighed on third-quarter earnings.
Hyundai Motor posted a 68 percent plunge in quarterly net profit, missing an analyst consensus by a large margin as U.S. recall costs weighed.
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