German Economy Minister Brigitte Zypries asked the European Commission to look into possible countermeasures against the United States, following tough sanctions against Russia that could potentially hit European companies. “We consider this to be a violation of international law,” Zypries told local newspapers over the weekend. “The Americans cannot punish German companies because they operate […]
Read moreMore than half of the world’s large corporations are looking into blockchain (distributed ledger technology), according to a study by U.K. research firm Juniper Research. The research, released on Monday, found that 57 percent of large corporations – defined as any company with more than 20,000 employees – were either actively considering or in the […]
Read moreRoyal Dutch Shell Plc plans to cut more than 400 jobs in the Netherlands, mainly at its major projects and energy technology operations, as the oil giant shifts its business model in response to lower oil prices, according to an internal document seen by Reuters. The world’s second-largest oil company by market capitalization said in […]
Read moreTrying to pin down the precise features of the next iPhone has been difficult of late. We’re all expecting a standard “S” model iPhone 7 and & 7 Plus that won’t be radically different from last year’s, but we’re also expecting a high-end model. It appears, based on a tweet from developer Steve Troughton-Smith, that […]
Read moreEuro zone inflation was stable in July but its core measure, which is closely watched by the European Central Bank, went up to a four-year high against market expectations of a drop, flash estimates released by Eurostat showed on Monday. In a separate release, the European Union’s statistics office said unemployment in the 19-country currency […]
Read moreMalaysia’s AirAsia is planning to unify its Southeast Asian businesses while growth appears to be on the horizon, but regulatory hurdles remain. The budget airline is looking to park its business in Malaysia under one umbrella, according to a report from Malaysian bank CIMB. Currently, AirAsia has units in Malaysia, Indonesia, the Philippines and Thailand, […]
Read moreAfghan security forces battled gunmen near a police compound and the nearby Iraqi embassy in Kabul on Monday following a suicide bombing, officials said. The target of the attack was not immediately clear but police on the scene said that the gunmen appeared to have taken cover in the embassy building in a business district […]
Read moreGoldman Sachs Group Inc hired China-focused banker Bill Chu to its investment banking team in the country, betting on increased activity as companies in the world’s second-largest economy gear up for a resumption of overseas deals. Based in Beijing, Chu will be a managing director in the China Investment Banking Services (IBS) team, according to […]
Read moreHeineken, the world’s second-largest beer maker, reported higher than expected earnings in the first half of 2017, with the strongest profit growth in Europe thanks to a late Easter and an early start of warm summer weather. The Dutch brewer of Europe’s top-selling lager Heineken, as well as Tiger and Sol, said volumes, revenue and […]
Read moreChinese billionaire Guo Guangchang is defending his company Fosun’s multi-billion dollar shopping spree abroad — as it buys yet another foreign firm — amid greater government scrutiny on massive overseas deals. Fosun “has always done two things: First, it has developed at an appropriate pace while reducing debt and improving its financial strength,” Guo wrote […]
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