On Monday, a report from the Wall Street Journal citing anonymous sources stated SoftBank Group Corp is in talks to sell “a significant portion” of its stake in T-Mobile US to controlling shareholder Deutsche Telekom AG. “A deal would see… Read More ›
On Monday, SoftBank Group Corp stated, Alibaba co-founder Jack Ma will resign from its board. Jack Ma’s departure is the latest high profile departure from Softbank’s board. Ma, who retired as Alibaba’s executive chairman in September 2019, is increasingly pulling… Read More ›
Continuing the gradual processing of re-opening its stores, late on Sunday Apple Inc said, it plans on reopening more than 25 of its branded stores in the United States later this week, in a development that will see Cupertino open… Read More ›
Late on Friday, Blackstone Group’s Gavilan Resources LLC filed for Chapter 11 bankruptcy citing oil price collapse and a bitter legal battle with a partner. Formed following the $2.3 billion acquisition of Texas shale oil properties in 2017, Gavilan listed… Read More ›
On Friday, in a defense filing in Federal Court, Australia’s Westpac Banking Corp admitted that in a number of cases, it has failed to comply with anti-money laundering and counter terrorism laws. Westpac Banking Corp, Australia’s second largest bank admitted… Read More ›
In order to mitigate issues surrounding COVID-19, airports and airlines are recommending a layered approach to stop-gap safety measures with air travel set to restart. A single measure on its own will not mitigate all of the risks revolving around… Read More ›
On Tuesday, Simon Birmingham, Australia’s Minister for Trade said, China’s decision to ban the import of Australian beef was not a response to its call for a fair and independent enquiry into the origins of the coronavirus disease COVID-19. Birmingham… Read More ›
On Tuesday, Canadian coffee brewer Tim Hortons said, its Chinese business has received an investment from Chinese tech giant Tencent. The development comes in the wake of Tim Hortons wanting to expand its footprint in the Chinese market. In a… Read More ›
Late on Monday, Hyatt Hotels Corp stated, as it restructures roles within its global operations, it would be laying off around 1,300 employees. The development comes midst a virtual halt in global travel as cities across the globe go into… Read More ›
On Monday, with little progress made on sticky point, the European Union and Britain commenced trade negotiations even as the June deadline ominously hangs overhead, with both countries yet to agree on extension on negotiations. British Prime Minister Boris Johnson… Read More ›
manageria.biz 