NEW YORK: American retail chain Macy's announced Monday (Oct 21) it would stop selling real fur in all of its stores from the start of 2021, acknowledging growing pressure from animal protection agencies. "This includes all Macy's and Bloomingdale's private brands, as well as items sold from brand ...
Oil prices steadied a little on Tuesday, supported by signs of progress in talks on resolving the U.S.-China trade dispute, but gains were contained by lingering anxiety a slowdown in the global economy could hurt crude demand.
Asian share markets edged ahead on Tuesday amid cheery chatter about the chance of a Sino-U.S. trade deal, while investors were sanguine yet another vote on Brexit would still avert a hard exit.
NEW YORK: Japan-based SoftBank is ready to buy a controlling stake in WeWork, providing the shared office space startup desperately needed funding at a slashed valuation, a source told AFP on Monday (Oct 21). Softbank is ready to invest an additional US$4 billion to US$5 billion in WeWork, taking...
NEW YORK: SoftBank Group Corp offered close to US$10 billion to WeWork owner The We Company, its employees and its investors on Monday under a plan to keep the struggling US office-space sharing start-up afloat that would lead to the exit of its co-founder and Chairman Adam Neumann, people familiar...
Colorado became on Monday the second state to drop out of an effort by state attorneys general led by New York and California to stop T-Mobile US Inc's US$26 billion merger with Sprint Corp .
Businesses and governments must end short-termism, and focus on goals and scorecards that look at sustainability and well-being, says Klaus Schwab.
Banco Santander said on Monday it had agreed to sell Santander Bancorp, the Spanish lender's retail and commercial banking franchise in Puerto Rico, to FirstBank Puerto Rico in a deal valued at US$1.1 billion.
The former chief of Chevron Corp's Latin American operations is moving to raise US$500 million from big financial firms to invest in Venezuela once U.S. sanctions are eventually lifted, confident that political change will come and that foreign investment will be needed to boost sagging oil output.
UBS Group AG and the energy arm of Piper Jaffray Companies have cut staff in their oil and gas investment banking teams, three people familiar with the matter said on Monday, as U.S. dealmaking continues to dry up.
