Monday, 1 Jun 2020

Business

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DealBook Briefing: Growing Unease Over Government Shutdown

Good Friday morning. Want this by emai? Sign up here. As shutdown drags on, few options in battle over border security President Trump traveled to the southwestern border yesterday, where he reiterated the demand for a wall that has led to a bitter political impasse and a government shutdown now in its 21st day. He […]

Manufacturing will remain a key driver of economic growth: Chan Chun Sing

SINGAPORE – Manufacturing will remain a key part of Singapore’s economy although it will encounter greater disruption in the years ahead, said Trade and Industry Minister Chan Chun Sing on Friday (Jan 11). Mr Chan noted that the evolving nature of the industry will alter the composition of manufacturing to one of low volume but […]

Mike Ashley outs Debenhams chairman, forces CEO to step down

Mike Ashley has forced the chairman of Debenhams to resign and the retailer’s chief executive to step down from the board as the Sports Direct tycoon flexed his muscles at the firm’s annual meeting. The news came after the struggling department store yesterday unveiled declining sales over Christmas, but said it was still on track […]

The Exclusive That Wasn’t? Publication Retracts Moonves Interview

A media mystery popped up a week before Christmas: Leslie Moonves, who had just been fired as the chief executive of CBS after multiple accusations of sexual misconduct, appeared to give an exclusive, on-the-record interview to a little-known publication in which he bluntly addressed his dismissal. Agenda, a news service owned by The Financial Times, […]

Exclusive: GM's Cadillac will introduce EV in fight against Tesla – sources

WASHINGTON (Reuters) – Cadillac is expected to become General Motors Co’s (GM.N) lead electric vehicle brand as the largest U.S. automaker gears up to introduce a new model under that luxury marquee to challenge Tesla Inc (TSLA.O), two people briefed on the matter said Thursday. GM is set to announce Friday as part of an […]

Investors ask how the Bezos divorce will affect Amazon

NEW YORK (Reuters) – Amazon.com Inc (AMZN.O) shares seesawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Bezos, whom Forbes lists at the world’s richest person, worth an estimated $136.2 billion, said […]

Stocks rise for fifth straight day as the Fed supports

NEW YORK (Reuters) – An index of world stock markets edged higher on Thursday as worries over the lack of clear signs of a resolution to the U.S.-China trade spat were offset by an assurance by Federal Reserve Chairman Jerome Powell that the U.S. central bank has the ability to be patient on monetary policy. […]

Conor McGregor facing European brand woes as Dutch firm lodges three objections

A little-known Dutch firm is seeking to hinder mixed martial arts superstar, Conor McGregor’s plans to expand his money-making brand across Europe. This follows McGregor IP B.V. now lodging a total of three separate objections against planned trademarks sought by Mr McGregor’s main firm, McGregor Sports & Entertainment Ltd. Documents lodged with the European Union […]

Fiat Chrysler agrees to U.S. diesel-emissions settlement worth $800 million

WASHINGTON (Reuters) – Fiat Chrysler Automobiles NV has agreed to a settlement worth about $800 million to resolve claims from the U.S. Justice Department and state of California that it used illegal software that produced false results on diesel-emissions tests, according to court filings on Thursday. The settlement includes $311 million in total civil penalties, […]

Investors question Amazon's future after Bezos announces divorce

NEW YORK (Reuters) – Amazon.com Inc (AMZN.O) shares see-sawed on Thursday as investors questioned how the impending divorce of company founder Jeff Bezos would affect his control of the most valuable company on Wall Street and its ambitious expansion plans. Bezos, whom Forbes lists at the world’s richest person with an estimated $136.2 billion, said […]