Markets

A sophisticated hacking group backed by a foreign government stole information from the U.S. Treasury Department and a U.S. agency responsible for deciding policy around the internet and telecommunications, according to people familiar with the matter.

LONDON: British Prime Minister Boris Johnson said on Sunday (Dec 13) he still hoped for a post-Brexit trade deal with the European Union but that failure remains the "most likely" outcome. "I'm afraid we're still very far apart on some key things, but where there is life, there's hope,...

The McLaren Group is optimistic about the prospects for its luxury sportscar maker after the COVID-19 pandemic dealt a big hit to revenues this year, executive chairman Paul Walsh said on Sunday.

BRUSSELS: EU Commission President Ursula von der Leyen and Britain's Prime Minister Boris Johnson agreed on Sunday (Dec 13) to continue post-Brexit trade talks in search of an elusive deal. "We had a useful phone call this morning," they said, in a joint statement that von der Leyen read...

BERLIN: The telecoms infrastructure business spun out by Britain's Vodafone is ready to join the dealmaking fray in Europe but even with its existing asset base sees a decade of promising growth ahead, its CEO told Reuters. Vantage Towers, which owns 68,000 masts across nine European countries, is ......

LONDON: U.S.-based investment group MSP Sports Capital is taking a significant minority stake in McLaren Racing in a deal the Formula One team said would give them the tools to return to the top of the sport. The long-term investment, announced on Sunday, is for an initial 15per cent...

Britain's financial sector is watching nervously as the prospect mounts of a "no-deal" Brexit, stoking fears of lost clients and influence in key areas, as well as market turbulence.

London and Brussels face a make-or-break decision on an elusive trade agreement on Sunday, after a week of tension and deadlock that left a tumultuous 'no deal' exit for Britain from the European Union's orbit on Dec. 31 looking more likely than not.

Secondhand clothing has the potential to reshape the fashion industry and mitigate the industry’s detrimental impact on the planet, say observers.

Robinson’s closure should provoke a rethinking of the department store model, not a complete eradication of it, say NUS Institute of Real Estate and Urban Studies’ Lau Li Min and Sing Tien Foo.