International Companies
Nokia technology to power Chinese smart grid
Nokia announced on Thursday that its Chinese subsidiary, Nokia Shanghai Bell (NSB), has won the State Grid Corporation of China’s (SGCC) optical transport network (OTN) project.
Business giants press for 'frictionless' Brexit trade agreement
A group of European business leaders met Theresa May to warn her that time is running out to secure a "frictionless" post-Brexit trade deal and that they were considering to withdraw investment given current uncertainty.
Italy's stock market dives on prospect of new elections
Italy's main stockmarket gauge, the FTSE Mibtel, has fallen into the red for the year, amid concerns that the country is headed towards fresh elections, which some observers believe might turn into a 'de facto' referendum on the country's membership of the euro.
Total signs raft of agreements with Sonangol over Angolan operations
Total signed a number of agreements with Sonangol covering its upstream and downstream activities in Angola, the company announced on Tuesday, as Angolan president João Lourenço made an official visit to France.
EU tries to reach an agreement with US to avoid steel and aluminum tariffs
The EU is trying to come to an agreement in last-minute negotiations with the US to avoid the increasing trade tensions as President Donald Trump prepares to impose tariffs on steel and aluminum at the end of May.
Oleg Deripaska quits Rusal board as US sanctions threaten company
Russian oligarch Oleg Deripaska has resigned from the board of aluminium producer Rusal in order to spare the company from the effects of US sanctions placed on him.
Import costs set to rise as shipping firms up fuel surcharges
The rising price of oil is leading shipping lines to increase freight costs to avoid mounting fuel bills, leading to a likely jump in the price of imported goods.
EC hits Gazprom with rules to ensure free flow of gas in CEECs
European competition regulators are forcing Russian gas giant Gazprom to supply gas at competitive prices in central and eastern Europe.
Macron accuses US of 'laissez-faire' approach with tech-firm regulation
French President Emmanuel Macron addressed an audience at the Vivatech conference in Paris and accused the US of not being tough enough on tech firms, saying its regulatory regime was insufficient to make them "politically accountable".
Deutsche Bank announces over 7,000 lay-offs worldwide
German lender Deutsche Bank announced on Thursday it was preparing over 7,000 lay-offs across its global operations in a bid to cut costs.
European and Asian carmakers skid lower on US tariff fears
The US commerce department announced a new investigation into the automobile sector’s imports that could result in new US tariffs on European and Asian products.
Short seller accuses luggage giant Samsonite of profit manipulation
Shares in luggage peddler Samsonite plummeted on Thursday before being placed in a trading halt, amid allegations the firm had been massaging its profits.
Wesfarmers to reveal fate of Homebase by end of week
Wesfarmers, the largest private employer in Australia, will reveal the fate of Homebase, the UK's second-largest DIY chain, within days as the Perth-based group brings its disastrous UK retail experiment to a close.
Cofunds' botched accounts transfer leaves hundreds of investors locked out
Some Cofunds clients report they are unable to access their investment accounts online after a mass IT transfer earlier this month went wrong.
Comcast looks to thwart Disney's Fox deal with larger offer
US telecommunications conglomerate Comcast confirmed that it was looking at taking steps to scuttle 21st Century Fox and Disney's $52. 4bn deal with a bigger offer of its own.
Uber offers medical cover and compensation to European 'partners'
Ridesharing giant Uber has awarded its European "partners" access to medical cover and compensation for work-related injuries.
Toyota warns UK plants will struggle if government bans hybrid cars
Toyota has warned its UK factories will struggle to gain investment if the government announces a future ban on the sale of its hybrid cars.
JC Penney tumbles as CEO Ellison leaves to join Lowe's
Shares in US department store operator JC Penney tumbled on Tuesday as it announced the resignation of chairman and chief executive officer Marvin Ellison, with immediate effect.
Business leaders see rise in economic nationalism as the main threat
A new KPMG survey of over 1,300 business leaders from around the world found that CEOs consider the rise of economic nationalism, with Brexit and Donald Trump’s new policies foremost in their minds, to be the biggest threat for growth.
China cuts car import duties as it seeks deal to save ZTE
China said it would cut import duty on passenger cars in an apparent concession to the Trump administration as it seeks a deal to save ZTE from US sanctions.