Three former Barclays executives were acquitted in London on Friday of charges they helped funnel 322 million pounds (US$418 million) in secret fees to Qatar in return for rescue financing during the credit crisis.
World No. 1 oil producer Saudi Aramco has gained unconditional EU antitrust approval for its US$69 billion bid for a 70per cent stake in petrochemicals group Saudi Basic Industries Corp (SABIC), according to an EU filing.
SINGAPORE: With COVID-19 having a "significant impact" on air travel, Singapore Airlines has announced a pay cut for management and a voluntary no-pay leave scheme for staff below senior management level on Friday (Feb 28). The actions will help reduce the company's manpower costs amid the ...
Volkswagen and a major German consumer group have reached an agreement in a class action lawsuit over the carmaker's rigging of diesel emissions tests, a court in the northern city of Brunswick said on Friday.
TOKYO: Japanese Prime Minister Shinzo Abe vowed to take whatever policy steps are needed to prevent the new coronavirus from dealing a severe blow to an economy already teetering on the brink of recession. With investors fearful of a worldwide downturn, global shares on Friday (Feb 28) were ...
British budget airline easyJet warned on Friday it had seen a significant softening of demand and load factors into and out of its northern Italian bases and slower demand in other European markets due to coronavirus.
SINGAPORE: The median gross monthly salary of 2019 graduates who have found full-time work has gone up, according a joint graduate employment survey published on Friday (Feb 28). The survey polled 11,400 fresh graduates from full-time programmes at Nanyang Technological University (NTU), National ...
Hyundai's hydrogen-powered 18-tonne trucks are set to hit the roads in Switzerland next month as the South Korean automaker looks to establish a case for its zero-emissions technology in a low carbon world.
Aerospace engineer Rolls-Royce reported a 2019 operating loss of 852 million pounds (US$1.11 billion), after the cost of tackling durability problems with its Trent 1000 engine eclipsed record engine deliveries and a good after-market performance.
European and US stocks have lost much of their value over the past week, wiping out all the gains since the new year and then some, says the Financial Times’ Martin Sandbu.
