Inter IKEA Group has appointed Jon Abrahamsson Ring as CEO from September, as the owner of the world's biggest furniture brand battles to adapt to new shopping habits and the rise of online rivals.
As the spread of coronavirus sends jitters across Hong Kong, usually bustling shopping malls, restaurants and retailers are deserted, leaving some small business owners contemplating their future in the global financial hub.
Lawmakers from Chancellor Angela Merkel's conservative party are set on Tuesday to back a strategy paper that stops short of banning China's Huawei from taking part in the rollout of Germany's 5G network.
The U.S. Federal Aviation Administration is narrowing the issues needed before it can conduct a certification test flight on the grounded Boeing 737 MAX, but will not commit to a timetable for lifting a flight ban, its top official said.
Bankers in Asia are bracing for a deal drought as efforts to limit the spread of the coronavirus epidemic have put key meetings and roadshows on hold.
WASHINGTON: The World Bank is offering technical assistance to China to help battle the coronavirus epidemic but no new loans, the development lender's president, David Malpass, said on Monday (Feb 10). Malpass told Reuters the bank was working with the World Health Organization (WHO) to aid China ...
China's central bank said on Tuesday it has approved an application by Mastercard's China joint venture to conduct bank card clearing operations in the country.
Lloyd's of London said on Tuesday that former Virgin Money boss Jayne-Anne Gadhia would be part of a committee to "drive long-term culture change" in the world's oldest insurance market.
Shares in French tire maker Michelin fell on Tuesday after the company forecast a slightly lower operating income for 2020 and flagged uncertainty to its business from the coronavirus crisis in China.
HONG KONG: At least two banks in Hong Kong have introduced relief measures for home mortgage borrowers hurt by the coronavirus outbreak, in a move analysts say could help lower foreclosures in an economy already in recession. Bank of China (Hong Kong) and Standard Chartered have said mortgage ......
