Tesco , Britain's largest retailer, on Friday became the latest big company to be hit by investor anger over executive pay after shareholders at its annual meeting voted down its remuneration report.
U.S. consumer spending rebounded sharply in May, but the gains are not likely to be sustainable, with income dropping and expected to decline further as millions lose their unemployment checks starting next month.
An outside panel in South Korea recommended that prosecutors should not indict Samsung Group heir Jay Y. Lee over a 2015 merger and alleged accounting fraud, the Supreme Prosecutors' Office said on Friday.
PARIS: Britain, France, Italy and Spain suggested a "phased approach" to unblock global digital taxation talks in a joint letter to U.S. treasury secretary Steven Mnuchin last week, rebuffing his call for a pause in negotiations. Mnuchin's suggestion of a break has fuelled European concerns about ...
At the airport of Tarbes in France, row upon row of empty jets in liveries from Asia to Africa sit nose to tail on the tarmac, waiting out the coronavirus crisis in the foothills of the Pyrenees.
Futures tracking the S&P 500 were largely flat on Friday as investors digested a surprise quarterly loss for Nike and the Federal Reserve's move to limit shareholder payouts by banks amid a surge in new coronavirus cases.
German container shipping line Hapag-Lloyd said it had notified customers it will stop accepting cargoes of solid waste, including scrap metal, bound for China that arrive from Sept. 1 onwards to comply with new legislation.
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.
