Business & Finance News
Canadian plane maker Bombardier Inc is to cut around 400 jobs in its Northern Ireland operations, it said on Thursday, part of plans announced last week to cut 2,500 jobs or about 11% of the workforce in its global aviation unit.
An outside panel will weigh the validity of an investigation into Samsung Group heir Jay Y. Lee over a 2015 merger and alleged accounting fraud, the Seoul Central District Prosecutors’ Office said on Thursday.
A further investment by the French government in Renault’s capital would not be the most pertinent or useful use of state resources, the carmaker’s chairman said on Thursday, adding that nationalisation of the firm was not being contemplated.
Airlines don’t need to compensate passengers if a flight is delayed by one person biting another as it is an “extraordinary circumstance”, the EU’s top court ruled on Thursday after a customer sued Portuguese airline TAP over such an incident.
Britain’s Financial Conduct Authority has fined Lloyds Bank 64 million pounds ($81.26 million) for failures in handling hundreds of thousands of mortgage customers in difficulties or arrears.
Credit-rating firm S&P Global Ratings on Thursday questioned SoftBank Group Corp’s financial discipline as the tech conglomerate pursues a massive 2.5 trillion yen ($24 billion) share buyback program in volatile markets.
Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier plan to move its headquarters to the Netherlands.
Renault ‘s partnership with Japan’s Nissan has entered an “incredibly positive” phase after episodes of strained relations in recent years, the French carmaker’s chairman Jean-Dominique Senard said on Thursday.
Just Eat Takeaway’s proposed $6 billion takeover of Grubhub to create a trans-Atlantic giant that could thwart Uber’s food delivery ambitions has raised concerns among some analysts about the pace of the European company’s expansion.
British Airways will sell at least 10 works of art from its extensive collection, a source said, to try to raise millions of pounds to boost its cash reserves as it struggles through the coronavirus pandemic.
World shares took their biggest tumble in five weeks on Thursday as a sobering outlook from the U.S. Federal Reserve challenged market optimism on the global economy, while bonds rallied on bets yet more stimulus would be needed to ensure recovery.
Unilever proposed combining its Dutch and British legal entities in a single holding company based in Britain on Thursday, after shareholders sank an earlier plan to move the global consumer goods group’s headquarters to the Netherlands.
Unilever’s decision to base the company solely in Britain and not in the Netherlands represented a vote of confidence in the country, said British business minister Alok Sharma.
China and the United States should resume timely communication on trade and other issues, a former senior Chinese official said on Thursday, who stressed that the world’s two largest economies are too intertwined to be decoupled.
Finnish telecoms equipment maker Nokia named a new finance chief on Thursday, completing an overhaul of its top executive team as it battles rivals Ericsson and Huawei [HWT.UL] for work on lucrative 5G networks.
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