Airline group IAG revamped its board to ensure a majority of independent non-executive directors are from the European Union and rolled out plans to comply with ownership rules of the economic bloc following Brexit, the company said on Thursday.
NEW YORK: Amazon is jumping into the podcast business. The online shopping giant is buying Wondery, a four-year-old producer of popular true crime podcasts such as Dr Death and Dirty John, which was later turned into a TV series. An explosion of new podcasts has led to a number of acquisitions as...
BRUSSELS: The European Union will seek a swift resolution of a 16-year battle over aircraft subsidies with incoming US president Joe Biden, saying that new US tariffs have damaged talks with the Trump administration. The Commission, which coordinates trade policy for the 27-nation European Union ...
BEIJING: China has made major progress in developing its economy and eradicating rural poverty over the past year despite the coronavirus pandemic, Chinese President Xi Jinping said in a New Year address on Thursday (Dec 31). China was the first major economy to register positive economic growth ...
U.S. stock index futures were muted in the last trading session of a tumultuous year on Thursday, as investors digested big market gains and hoped that more stimulus and coronavirus vaccines will drive a strong economic recovery in 2021.
The European Commission said on Thursday that new U.S. tariffs on EU products disrupted ongoing negotiations with Washington to resolve a 16-year battle over aircraft subsidies and it hoped to find a swift solution with the next U.S. president, Joe Biden.
Global mergers and acquisitions (M&A) activity fell to a three-year low in 2020, as companies grappled with the financial fallout of the COVID-19 pandemic, even as dealmaking came roaring back in the second half.
The year 2020 was a wild one for Wall Street, bookended by the end of the longest bull market in history with the battering of equities by the COVID-19 shutdowns, and a bungee-cord rebound on hopes for economic recovery that resulted in the shortest bear market on record.
Emergency corporate fundraising and a clamour for tech stock market listings pushed equity capital market volumes to over US$1 trillion in 2020 and fees for investment bankers in the sector to a record high, data showed.
The U.S. decision to impose additional tariffs on French wines and cognac, which come in addition to a first set of tariffs late last year, will cost the sector a total of over 1 billion euros (US$1.23 billion), the French wine exporters' federation said on Thursday.
