German carrier Lufthansa to cut a fifth of leadership jobs in overhaul attempt 08-07-2020 Europe's second-largest airlines, Lufthansa said in a statement that the German flagship carrier would trim roughly 20 per cent of its leadership jobs in latest revamp
Los Angeles retailer Lucky Brand files for bankruptcy as latest pandemic fallout 07-07-2020 Late on Friday, the LA-based apparel retailer Lucky Brands had filed for Chapter 11 Bankruptcy protection
French economy rebounds faster-than-anticipated, says Central Bank 06-07-2020 On Sunday, in an interview with the LCI Television, the Governor of the French Central Bank said that the bloc's second-largest economy had been rebounding faster-than-anticipated
Siemens forecasts up to 20% drop in business in April-June quarter 06-07-2020 On Friday, the German engineering industry conglomerate Siemens CFO Ralf Thomas said that the company was expecting a drop of 20 per cent in business activities during the quarter that ended on June 30
Zimbabwe’s Landela Mining to purchase four state-owned gold mines 06-07-2020 Chief Executive of Zimbabwe's Landela Mining said on Friday that the company had reached an accord with the Govt. to purchase four state-owned gold mines
Canada’s Cineplex to sue British Cineworld Group, seeks damage for scrapped deal 06-07-2020 Canadian movie theatre operator Cineplex Plc. said in a statement on Friday that it would sue the Cineworld Group claiming liabilities over a $1.65bn scrapped takeover deal
Fiat, PSA stick to €50 billion merger deal after dividend cut report 05-07-2020 On Friday, FCA and PSA had dismissed an earlier media report that said the Italian-American carmaker was seeking to amend the merger deal in a bid to deter a €5.5 billion in dividend payoffs
MasMovil buyers secure first corporate leveraged loan since pandemic crisis 05-07-2020 The consortium behind the disputed acquisition of MasMovil had secured a €2 billion in leveraged debt, a document seen by a press agency had unveiled on Friday
Canada’s biggest banks join 30-day Facebook ad boycott campaign 05-07-2020 On Friday, a number of Canadian lenders including the Northern American nation's largest bank had joined the 30-day Facebook ad boycott campaign over hate speeches
ByteDance’s TikTok distances from Beijing after India app ban 04-07-2020 TikTok CEO said in a letter sent to the Indian Govt. dated back to June 28 that the Chinese social media platform had distanced itself from Beijing
California’s Tesla to make molecule printers for German pandemic vaccine developer 04-07-2020 Global automotive industry leader Tesla Inc. boss Elon Musk said in a tweet on Wednesday night that the CA-based e-vehicle maker would develop molecule printers for a German vaccine developer CureVac
Facebook, Twitter, YouTube to face EU legislation on hate speech as broadcasters 04-07-2020 EU Commission said in a statement on Thursday that the social media tycoons would be treated as broadcasters of the contents posted on their platforms
Facebook hit with complaint alleging widespread bias against black workers 03-07-2020 A Black American Facebook employee had filed a lawsuit against Facebook Inc. later on Thursday claiming diversity and civil rights in the work-spaces
California’s Apple to reclose more stores in seven US states, bringing total to 77 03-07-2020 Apple Inc., the largest taxpayer in the United States had told in a statement on Wednesday that it was going to re-close more stores in seven US states
Ohio retailer Macy’s posts $4bn in quarterly losses, doesn’t expect another shutdown 03-07-2020 Macy's Inc., the century-old American brick-and-mortar store chain had reported a staggering loss of $3.58 billion at its fiscal first quarter of the year that ended on May 2nd
Menlo Park’s Facebook frustrates advertisers as 30-day ad boycott begins 03-07-2020 On Wednesday, over 400 advertisers including Coca-cola and Starbucks had started off a 30-day-long ad boycott campaign on Facebook's social networking platform over hate speech issue
Millburn’s Dun & Bradstreet mushrooms 14% in US market debut 02-07-2020 A day after raising $1.7 billion in an upsized IPO, the New Jersey-based business analytics firm Dun & Bradstreet rocketed as much as 14 per cent at its NYSE debut
Californian e-vehicle trailblazer Tesla becomes most valuable global automaker 02-07-2020 Tesla Inc., the American e-vehicle industry spearhead's market cap had stormed past the former front-runner Toyota Motors Corp. on Wednesday
Tennessee parcel carrier FedEx shares jump 9% as quarterly earnings beat estimates 01-07-2020 Shares' prices of Memphis-based courier service provider FedEx Corp. jumped as much as 9.5 per cent on Tuesday's after-market trading following reveal of its quarterly earnings report
Airbus SE to shed 15,000 employees, says future at stake 01-07-2020 On Tuesday, the world's largest planemaker, Airbus SE said in a statement that it was planning to shed as many as 15,000 employees in the bloc
Shell takes $22 billion write-down, expects lower oil & natgas prices 30-06-2020 Ango-Dutch oil and gas supermajor Shell said in a statement on Tuesday that the company would write down $22 billion worth of assets due to the pandemic hit
India bans 59 Chinese apps amid border crisis; Beijing says concerned on Delhi move 30-06-2020 Indian Ministry of Technology had banned 59 Chinese mobile apps including the popular TikTok and WeChat in context of a rancorous border crisis with China
Oklahoma Shale pioneer Chesapeake Energy Corp. files for bankruptcy 30-06-2020 Late on Sunday, the Oklahoma City-based US Shale industry pioneer Chesapeake Energy Corp. had filed for Chapter 11 bankruptcy protection
Redmond’s Microsoft to close physical stores, take $450 million hit 29-06-2020 Microsoft Corp., the maker of cloud computing giant Azure, said in a statement on Friday that it would close all retail stores
Washington to curb visas for Chinese officials over Hong Kong freedom 29-06-2020 US Secretary of State Mike Pompeo said late on Friday that the Trump Administration was going to restrict US visas for certain officials of China's ruling Communist Party
Google News 
