Business & Finance News
Citigroup Inc is set to announce a restructuring of its investment banking operations and top executives are taking on new roles, Business Insider reported on Thursday, citing people familiar with the matter.
A U.S. police investigation into an allegation of rape against JD.com Inc CEO Richard Liu has hammered the e-commerce giant’s shares, with the case laying bare risks posed by his iron grip on management and the lack of other leaders to challenge him.
Britain’s Burberry will no longer burn millions of pounds worth of unsold luxury goods or use real fur in its collections following a furor over it environmental record.
Novartis AG said on Thursday it would sell the dermatology and generic U.S. oral solids portfolios of Sandoz U.S. to India’s Aurobindo Pharma Ltd for $900 million, as the Swiss drugmaker looks to focus on higher growth areas.
With U.S. President Donald Trump gearing up to impose tariffs on $200 billion in Chinese goods and Beijing certain to retaliate against any measures, the world’s two biggest economies are locked in an escalating trade war, with no resolution in sight.
Uber Technologies [UBER.UL] on Thursday said it would launch a taxi-hailing app for taxis operating in Nagoya, as the U.S. firm tries to expand its foothold in a country where it has been blocked from offering its own ridesharing service.
World shares fell for a fifth straight day on Thursday as investors braced for another escalation in a trade war between the United States and China, while emerging-market currencies paused near 15-month lows.
China will be forced to retaliate if the United States implements any new tariff measures, China’s commerce ministry warned on Thursday, as the world’s two biggest economies remain locked in an intensifying trade war.
China’s commerce ministry said on Thursday that China will be forced to retaliate if the United States implements new tariff measures.
British luxury brand Burberry said it would no longer burn millions of pounds worth of unsold goods or use real fur in its collections in a bid to improve its socially responsible credentials.
Starbucks, the world’s biggest coffee chain, will realize its chairman’s dream on Friday when it opens an upmarket roastery and cafe in Milan, but the test will be to convince coffee-obsessed Italians to pay more for their daily espresso.
Asian shares fell for a sixth straight session on Thursday as oil skidded and safe-haven gold gained, with investor confidence shaken by turmoil in emerging markets and jitters over a potentially severe escalation in the U.S.-China trade war.
Facebook said on Thursday it will invest more than $1 billion to build its first data centre in Asia in Singapore, slated to open in 2022.
Facebook said on Thursday it will build its first data center in Asia in Singapore, investing more than $1 billion.
Facebook said on Thursday it will build its first data center in Asia in Singapore, investing more than $1 billion.
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