Markets

BERLIN: Germany's coalition government agreed on a package of reforms to financial and accounting rules aimed at avoiding another Wirecard scandal on Wednesday (Oct 7), but opposition lawmakers said it lacked detail on scope and timing. Finance Minister Olaf Scholz and Justice Minister Christine ...

Airbnb burned through more than US$1.2 billion in cash between mid-2019 and mid-2020, ahead of its high-profile initial public offering (IPO), the Information reported https://bit.ly/3d8oEtw on Wednesday, citing financial documents.

Shareholders of Just Eat Takeaway.com NV, the online food-ordering company, on Wednesday said its shareholders have approved a proposed US$7.3 billion acquisition of U.S. rival GrubHub.

Chinese short-form video platform TikTok has continued its expansion into the esports industry by signing up as the new principal partner of London-based esports organisation Tundra.

U.S. stock indexes were set to open higher on Wednesday after President Donald Trump's abrupt call to end stimulus talks sent Wall Street tumbling in the previous session, while shares of Levi Strauss surged following a surprise quarterly profit.

Lowe's Cos Inc said on Wednesday it would give its hourly staff an additional US$100 million in discretionary bonuses, as the home improvement retailer prepares for the busy holiday season.

Electric cars will likely make up 90per cent of Volkswagen AG's sales in Norway next year and could completely replace diesel and petrol engines in the Nordic country by 2023, the German auto maker's local importer said on Wednesday.

Adidas has appointed Amanda Rajkumar, an executive from French bank BNP Paribas, as its new head of human resources after employee complaints over racism at the German sportswear company led to the departure of Karen Parkin in June.

New York-based Delta Children, which makes cribs in China for retailers such as Walmart, briefly studied moving production to the United States as supply shortages caused by the COVID-19 pandemic added to its hefty bill from U.S. import tariffs.

LONDON: Europe's top oil companies are not yet aligned with United Nations-backed targets to combat climate change despite their plans to slash carbon emissions and pivot to renewable energy, a report from major investors has found. The study by the Transition Pathway Initiative (TPI), which ...