Business & Finance News
Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in Indian mobile operator Bharti Airtel , three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s digital economy.
U.S. stock index futures slipped on Thursday as a rally fueled by optimism over an economic rebound from a coronavirus-led downturn ran out of steam, with investors awaiting a reading on weekly jobless claims.
Under pressure from its European peers for years to spend more, Germany has finally served up a bumper stimulus package financed with new debt, but Berlin’s rediscovered love to splurge is causing fresh unease among its neighbours.
Senior British politicians criticised HSBC and Standard Chartered on Thursday after the banks backed China’s national security law for Hong Kong, in conflict with the British government’s opposition to the proposed legislation.
Employees at Tata Steel’s Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant’s further integration with Tata’s British operations, labour union FNV said.
General Motors Co is developing an electric van aimed at business users, joining a growing list of carmakers planning EVs for the same segment which includes customers such as Amazon.com Inc and United Parcel Service Inc, five people familiar with the plans told Reuters.
The boss of British Airways said its parent company IAG was burning through 178 million pounds ($223 million) a week and could not guarantee its survival, prompting him to urge unions to engage over 12,000 job cuts.
German agrochemicals group Bayer AG has been blocked from selling its dicamba-based weed killer in the United States after an appeals court rejected a federal regulator’s permit for the product.
Employees at Tata Steel’s Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant’s further integration with Tata’s British operations, Dutch news agency ANP reported.
The rapid rally in world markets finally paused for breath on Thursday, as traders waited to hear how much more stimulus the European Central Bank plans to shovel out to address the coronavirus slump.
South Korean prosecutors have requested an arrest warrant for Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans.
LVMH ‘s board met this week to discuss the fallout from the coronavirus crisis on its $16.2 billion purchase of U.S. jeweller Tiffany , the luxury goods group said on Thursday, opening the door to a possible attempt to review the deal terms.
Citigroup is looking to ramp up its commercial banking operations across Europe, Middle East and Africa, plugging gaps left by rivals facing fallout from a coronavirus-induced recession.
JOHANNESBURG – World-leading renewables companies are lining up to invest in South Africa’s energy sector and help remedy a chronic generation shortfall that pushed the continent’s most advanced economy into recession even before the COVID-19 pandemic struck.
Ford Motor’s China ventures have reported year-on-year sales growth for May in a sign of how the world’s biggest auto market is continuing its recovery from coronavirus-induced lows.
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