Business & Finance News
Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a raft of rules by the European Union this week and in the coming months to rein in U.S. and Chinese tech companies.
Facebook warned of threats to innovation and freedom of expression on Monday, ahead of the release of a raft of rules by the European Union this week and in coming months to rein in U.S. tech giants and Chinese companies.
France’s Alstom is in talks to buy the train business of Canada’s Bombardier in a potential $7 billion deal that marks the latest attempt by Western rail companies to bulk up in the face of Chinese competition.
Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the below-trend performance could become even worse due to the new coronavirus.
Growth of global trade in goods is likely to remain weak in early 2020, the World Trade Organization (WTO) said on Monday, adding that the below-trend performance could be reduced even further by the new coronavirus.
Global shares inched higher on Monday as the promise of further policy stimulus from China to counteract the economic hit from a coronavirus outbreak calmed nervous investors.
French train maker Alstom has confirmed it is in talks on the possible acquisition of the train business of Canada’s Bombardier , a potential $7 billion deal that could help it build scale in the increasingly competitive rail sector.
Euro zone finance ministers are set to discuss on Monday a document that calls for a more growth-friendly fiscal policy, a move that could lead to Germany’s spending more amid fears of a downturn.
Cathay Pacific Airways is expecting a significant drop in its first-half results and has also cut capacity due to the coronavirus outbreak, it said on Monday.
Global shares rose on Monday as the promise of further policy stimulus to counteract the economic hit from a coronavirus outbreak calmed nervous investors.
NMC Health said on Monday its founder BR Shetty had resigned as joint non-executive chairman, months after the UAE healthcare group was thrown into turmoil by doubts over its finances.
Cathay Pacific Airways on Monday said it expected a significant drop in its first-half results due to the coronavirus outbreak, causing it to cut capacity.
British bookmaker William Hill on Monday named cardboard maker DS Smith’s Chief Financial Officer Adrian Marsh as its finance head.
Nearly half of the U.S. companies in China say their global operations are already seeing an impact from business shutdowns due to the coronavirus epidemic, according to a poll by Shanghai’s American Chamber of Commerce (AmCham).
Japan’s economy shrank at the fastest pace in almost six years in the December quarter as a sales tax hike hit consumer and business spending, raising the risk of a recession as China’s coronavirus outbreak chills global activity.
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