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Russian retailer X5 considers IPO for online business

MOSCOW: Russia's largest food retailer X5 is discussing plans for an initial public offering (IPO) for its online business, a company official said on Thursday, honouring a pledge to place online expansion at the heart of its latest strategy. The group's food delivery business - online shop ...

Markets

Maserati to electrify entire line-up in next 5 years – CEO

All vehicles of Fiat Chrysler's premium brand Maserati will be electrified, either hybrid or full-electric, in the next five years, the unit's chief executive said on Thursday.

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Defense to finish pressing Canada police supervisor on Huawei CFO’s arrest

Lawyers for Huawei Chief Financial Officer Meng Wanzhou will further press the Canadian police supervisor in charge of her arrest two years ago, as witness testimony in the case to extradite Meng to the United States continues.

Markets

Vietnam Airlines likely to make losses of up to US$647 million this year: Govt

HANOI: Vietnam Airlines will likely make losses of 14 trillion dong to 15 trillion dong (US$604 million to US$647 million) this year due to the coronavirus pandemic, the government said on Thursday (Nov 26). It would take up to three years for local airlines to fully recover from the...

Markets

German court refers Nokia-Daimler dispute to European Court

A German court on Thursday referred a patent licensing dispute between Finnish telecoms equipment maker Nokia and German carmaker Daimler to the European Court of Justice to clarify the law as it applies to supply chains.

Markets

Foxconn to shift some Apple production to Vietnam to minimise China risk

TAIPEI: Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple, said a person with knowledge of the plan, as the US firm diversifies production to minimise the impact of a Sino-US trade war. The development comes as the outgoing administration of...

Markets

Exclusive: Foxconn to shift some Apple production to Vietnam to minimise China risk

Foxconn is moving some iPad and MacBook assembly to Vietnam from China at the request of Apple Inc, said a person with knowledge of the plan, as the U.S. firm diversifies production to minimise the impact of a Sino-U.S. trade war.

Markets

Amazon’s cloud service back up after widespread outage

Amazon.com Inc's widely used cloud service, Amazon Web Services (AWS) was back up on Thursday following an outage that affected several users ranging from websites to software providers.

Markets

Disney to layoff about 32,000 workers in first half of 2021

Walt Disney Co said on Wednesday it would layoff 32,000 workers, primarily at its theme parks, an increase from the 28,000 it announced in September as the company struggles with limited customers due to the coronavirus pandemic.

Markets

Business rights or human rights? Swiss vote shines spotlight on companies

A billboard of a runny-nosed, dour-faced girl framed by Glencore's sprawling zinc mine in Peru greets commuters at Zurich's main train station with an ominous slogan: "Water contaminated. Child poisoned. Commodities firm liable."

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