Australia's Fortescue Metals Group has apologised to an Aboriginal group for clearing land on a heritage site while flouting a government condition for representatives of the community to be present when the damage took place.
President Joe Biden will sign an executive order on Wednesday aimed at addressing a global semiconductor chip shortage that has forced U.S. automakers and other manufacturers to cut production and alarmed the White House and members of Congress, administration officials said.
Suzuki Motor Corp said on Wednesday that its 91-year old chairman, Osamu Suzuki, is retiring in June.
German sportswear company Puma expects a big hit to its results from lockdowns to contain the coronavirus pandemic well into its second quarter, but sees a strong improvement after that.
HONG KONG: Hong Kong hiked stamp duty on stock trades on Wednesday (Feb 24) for the first time in almost three decades as it tries to plug a pandemic-induced record budget deficit, sending the local equity market tumbling. The business-friendly financial hub, which prides itself on low taxes and...
LONDON: Britain's Heathrow Airport plunged to a £2 billion (US$2.8 billion) annual loss after passenger numbers collapsed to levels last seen in the 1970s during the pandemic. Heathrow called on the government to agree a common international travel standard to allow passengers to start flying ...
Spanish bank BBVA is considering cutting around 3,000 jobs in its home market, or around 10per cent of its payroll there, newspaper Expansion reported on Wednesday, citing sources with knowledge of the situation.
Lloyds Banking Group's outgoing Chief Executive António Horta-Osório set out fresh targets to expand the lender's insurance and wealth business and further cut costs, as the bank resumed a dividend despite a sharp fall in profits for 2020.
SINGAPORE'S second-largest lender OCBC joined DBS in an improved outlook on asset quality, on the back of an "orderly and very well-managed" exit from Covid-19 relief programmes that is "better than expected", said its top executive on Wednesday.
The architect of Australian media reforms being watched around the world claimed victory on Wednesday, even as critics said concessions to the laws forcing Big Tech to pay for news content have given Facebook and Google a get-out clause.
