SINGAPORE – With technology set to disrupt industries, companies should increase their investment in training to ensure their workers are ready for a more automated future. Labour chief Ng Chee Meng said this investment – to prepare workers for Industry 4.0, which will see various sectors impacted by automation – is a win-win for employers […]

Good Thursday morning. Vanity Fair just published its latest New Establishment list, and those riding high include Jeff Bezos, Susan Wojcicki of YouTube and Ted Sarandos of Netflix. (Was this email forwarded to you? Sign up here.). Facebook must censor content worldwide The E.U.’s top court ruled this morning that an individual country can order […]

Ted Baker has slumped to a £23m (€25.8m) loss in the six months to August 11, as bosses said restructuring the fashion brand’s Asia businesses, heavy promotions in the UK and the scandal that led to the resignation of founder and chief executive Ray Kelvin all took their toll. Sales dropped 0.7pc to £303.8m (€340.7m) […]

NEW YORK (Reuters) – A wake-up call from the U.S. heartland has spooked Wall Street by raising fears of a recession that will push equities into a correction. After Tuesday’s dire picture on manufacturing from the Institute for Supply Management (ISM), which rattled the market, investors await Thursday’s ISM services report and Friday’s employment report […]

NEW YORK (Reuters) – A wake-up call from the U.S. heartland has spooked Wall Street by raising fears of a recession that will push equities into a correction. After Tuesday’s dire picture on manufacturing from the Institute for Supply Management (ISM), which rattled the market, investors await Thursday’s ISM services report and Friday’s employment report […]

WASHINGTON/BENGALURU (Reuters) – U.S. regulators are looking into parking lot crashes involving Tesla Inc (TSLA.O) cars driving themselves to their owners using the company’s Smart Summon feature, the National Highway Traffic Safety Administration (NHTSA) said on Wednesday. Several users have posted videos on social media of Tesla vehicles that appear to have been in near […]

BERLIN (Reuters) – Germany’s DIHK chambers of commerce on Wednesday urged the European Union to act strongly in order to protect their interests in a tariff row between the EU and the United States, reacting to the World Trade Organization’s (WTO) latest decision. “It is important that the EU unanimously and decisively protect European economic […]

LONDON (Reuters) – A London-based former Citigroup (C.N) trader is suing the U.S. bank for more than $112 million, alleging it made materially false and malicious statements to U.S. prosecutors that led to his trial in New York on foreign exchange-rigging charges. Rohan Ramchandani, the former European head of Citigroup’s forex spot market trading desk, […]

BERLIN (Reuters) – A decision by the World Trade Organisation (WTO) allowing the United States to target goods imported from the European Union over illegal subsidies to Airbus (AIR.PA) will weigh on the planemaker, German Chancellor Angela Merkel said on Wednesday. “A decision has been made based on international law through which Airbus will be […]

MOSCOW (Reuters) – Freedom Holding Corp, a U.S. holding companies with subsidiaries that provide services to financial markets in Eastern Europe and Central Asia, has gained approval to list on New York’s NASDAQ Capital Markets exchange, it said on Wednesday. The company said it expects its shares to start trading on NASDAQ from Oct. 15, […]