In a statement, a spokesperson for Swiss banking giant Credit Suisse said, the bank has reached an out-of-court settlement with former star banker Iqbal Khan over allegations of spying that led to the resignation of its CEO Tidjane Thiam. “Everybody involved… Read More ›
On Monday, Lebanon’s former premier Najib Mikati, a wealthy businessman, is poised to be the country’s designated Prime Minister after winning the support of most major parties to form a new government. The development comes at a time when Beirut… Read More ›
According to three sources familiar with the matter at hand, Facebook’s acquisition of Kustomer, a U.S. customer service startup, is to face a full-scale EU antitrust investigation in August. In November 2020, Facebook announced the deal to acquire the startup… Read More ›
Volkswagen’s shareholders have approved a deal to settle claims against four former executives, including long-time CEO Martin Winterkorn, with regard to its emissions cheating scandal. The initial deal, announced last month, sees Volkswagen receive $339 million (288 million euros) in… Read More ›
On Friday, Britain’s competition regulator said, it has begun an investigation into some electric vehicle chargepoint operators on motorways and highways; the development comes at a time when it is laying out guidelines to ensure the rollout of a robust… Read More ›
The European Union rejected a demand by Britain that the deal that was signed just about a year ago between the UK and the EU and one that oversees the problematic post-Brexit trade involving Northern Ireland should be rewritten. … Read More ›
In a statement trade unions said Volkswagen’s unit Skoda Auto plans on cancelling several shifts citing shortage of auto parts. The development comes ahead of the car maker’s annual general two-week leave. Although the annual leave is scheduled for the first… Read More ›
On Thursday Barclays said, it has appointed Ingrid Hengster as the CEO for Germany; the bank also appointed her as its global chairman for investment banking. Hengster joins from KfW Bankengruppe. The move in a series of appointments sees Barclays… Read More ›
In June, exports from Japan rose by 48.6%, from a year earlier, led by heightened demand from the United States and China supporting hopes for an economic recovery in the world’s third-largest economy. Japan’s rise in exports, the fourth straight… Read More ›
On Wednesday, the head of the World Health Organisation (WHO) Tedros Adhanom Ghebreyesus said, organizers of the Tokyo Olympics should go ahead to demonstrate to the world what can be achieved with the right plan and measures midst the Coronarivus-induced… Read More ›
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