FRANKFURT: Commerzbank's chairman and chief executive stepped down on Friday (Jul 3), bowing to demands from top shareholder Cerberus that the German lender change its strategy to stop a downward spiral in its financial performance. The resignations of chief executive Martin Zielke and supervisory ...
Oil fell below US$43 a barrel on Friday as a resurgence of coronavirus cases raised concern that fuel demand growth could stall, although crude was still headed for a weekly gain on lower supply and wider signs of economic recovery.
NEW DELHI: China-owned social media app TikTok distanced itself from Beijing after India banned 59 Chinese apps in the country, according to a correspondence seen by Reuters. In a letter to the Indian government dated June 28th and seen by Reuters on Friday (Jul 3), TikTok Chief Executive Kevin...
LONDON: The UK government and Indian telecoms giant Bharti are to take control of the collapsed satellite firm Oneweb, they said on Friday (Jul 3), as Britain seeks to expand its post-Brexit space capabilility. Britain and Bharti will each invest US$500 million into Oneweb, the government said in ......
A union representing workers at planemaker Embraer filed a lawsuit on Friday seeking to dismiss the company's board, after a US$4.2 billion deal with Boeing Co collapsed amid the pandemic, leaving the Brazilian jetmaker scrambling for a new path forward.
Canada's biggest lenders confirmed on Friday they had joined a widespread boycott of Facebook Inc begun by U.S. civil rights groups seeking to pressure the world's largest social media platform to take concrete steps to block hate speech.
SINGAPORE: Hotels in Singapore may now apply to reopen for staycation bookings, as Singapore resumes more activities under Phase 2 of its post-“circuit breaker” reopening. The Singapore Tourism Board (STB) announced this in an advisory on Friday (Jun 3), saying that hotels will have to comply with ...
Fiat Chrysler (FCA) and PSA said on Friday they were sticking to the merger plan signed last year after a newspaper said the carmakers were looking at spinning off assets to cut a planned 5.5 billion euro (US$6.2 billion) cash payout to FCA shareholders.
British aerospace engineer Rolls-Royce said on Friday it was reviewing a range of options to strengthen its balance sheet and position itself for recovery after the COVID-19 pandemic.
World shares inched towards a four-month high on Friday and industrial bellwether metal copper was set for its longest weekly winning streak in nearly three years, as recovering global data kept nagging coronavirus nerves at bay.
