Markets

The European Union is investigating Germany's financial regulator over the collapse of payments company Wirecard in a rare move that heaps embarrassment on Berlin days before it is due to take over the EU's rotating presidency.

The German government is making part of its 9 billion euro (US$10.10 billion) bailout fund available to Lufthansa immediately after shareholders backed the rescue plan on Thursday, Der Spiegel magazine reported on Friday.

BMW should shift course and establish a technology platform just for electric cars, moving away from developing cars that can be fitted with either electric or combustion engines, the head of the influential works council said.

Americans will soon get a first full look at which businesses received US$515 billion of taxpayer funds when the government, after initial resistance by President Donald Trump's administration, releases borrower data for one of its highest- profile pandemic aid efforts.

The European Commission in a rare move has asked its markets watchdog to investigate German financial regulator BaFin over the collapse of payments company Wirecard .

SINGAPORE: Southeast Asian e-commerce firm Lazada, a unit of Alibaba Group Holding, on Friday (Jun 26) named its third chief executive in three years, as it battles for dominance in the fast-growing market. Chun Li, Lazada co-president and head of its Indonesia operations, will take the helm from ......

The U.S. Justice Department is seeking the final documents to complete an antitrust investigation of Alphabet Inc's Google , said three sources familiar with the probe, which is expected to end with a lawsuit this summer.

Sanofi is considering cutting up to 1,680 jobs in Europe, two sources familiar with the matter said on Friday, as the French drugmaker outlined plans to reduce costs to staff representatives.

As face coverings become the norm amid the coronavirus pandemic, Japanese startup Donut Robotics has developed an internet-connected "smart mask" that can transmit messages and translate from Japanese into eight other languages.

Vietnam warned Friday the virus pandemic had swept away years of economic gains as Southeast Asian leaders met online for a summit also dominated by anxiety over Beijing's moves in the flashpoint South China Sea.