Norwegian oil and gas firm Equinor is set to significantly cut jobs in the United States, Canada and Britain to adjust to the fall in the oil prices, a company spokesman said on Wednesday.
China's Alibaba Group has put on hold plans to invest in Indian companies, two sources aware of the plans told Reuters, amid souring business relations and rising political tension between the two nations after a clash on their Himalayan border.
For Belarus's thriving tech industry, it didn't matter much that the country's president referred to the internet as "garbage" and state factories as the engine of economic success. Until now.
China is likely to import at least US$300 billion worth of semiconductors for the third year running, an industry association official said, in a sign of continuing reliance on foreign know-how despite efforts to gain local capability.
Volkswagen AG said on Wednesday it will start testing autonomous vehicles in China's eastern city of Hefei, its first in the world's biggest auto market.
Gatwick Airport, Britain's no.2 airport to the south of London, said it needed to axe up to 600 jobs, or 24per cent of its workforce, because of the travel slump caused by the COVID-19 pandemic.
The U.S. Securities and Exchange Commission (SEC) on Wednesday voted to adopt changes to its decades-old definition of a professional investor in order to allow more Americans to buy shares in private companies.
New orders for key U.S.-made capital goods increased in July, though the pace slowed from June's robust gain, suggesting the rebound in business investment would be gradual amid uncertainty about the course of the COVID-19 pandemic.
Former Bank of England Governor Mark Carney has joined asset management company Brookfield as a vice chair and head of environmental, social and governance (ESG) investment, his first major business role since leaving the central bank.
Luxury watchmakers Bulgari and Breitling and a handful of Swiss brands are gathering in Geneva this week for a scaled-down industry exhibition, braving the coronavirus pandemic to try to revitalise demand.
