Business news

London Stock Exchange entered exclusive talks on Friday to sell Borsa Italiana to France's Euronext, seeing off competing bids from Deutsche...

Uber Technologies Inc is planning to sell part of its $6.3 billion stake in Chinese ride-hailing firm Didi Chuxing to raise cash, Bloomberg...

Elon Musk is hailed as an innovator and disruptor who went from knowing next to nothing about building cars to running the world’s most...

Britain’s accounting regulator said on Thursday it has fined Deloitte a record 15 million pounds ($19.4 million) for its audit of software...

Delays to General Motors sale of its Indian plant to Great Wall Motor due to tensions between India and China are likely to result in...

German freight startup sennder said on Wednesday it had acquired Uber's European freight business in an all-stock deal that will see the...

Amazon.com Inc’s main UK subsidiary, Amazon UK Services Ltd., paid just 6.3 million pounds ($8 million) in corporation tax in 2019 despite...

Walmart Inc's Flipkart said on Tuesday it would create 70,000 new jobs and employ many more as delivery partners and in other roles as it...

Sweden's H&M, the world's second-biggest fashion retailer, on Tuesday reported a preliminary third quarter profit before tax of around...

Payment provider Klarna Bank AB said on Tuesday it has raised $650 million at a valuation of $10.65 billion from investors led by Silver Lake, as...

Shares of Nvidia Corp rose 6% on Monday after it announced a $40 billion deal to buy UK-based chip designer Arm from Japan's SoftBank...

Gilead Sciences Inc will acquire biotech company Immunomedics Inc for $21 billion, a move that will strengthen its cancer portfolio by gaining...

The clock is ticking on TikTok after potential avenues to avoid President Donald Trump’s promised ban on the Chinese app appeared to dry up...

Microsoft will on Tuesday launch its Xbox cloud gaming service priced at $1 for new users' first month, in a major drive to attract casual...

Elliott Management is giving up its board seat at eBay Inc, the company said on Thursday, less than two years after laying out a blueprint for...

Swedish global investment firm EQT said on Thursday it had agreed to buy Southern European online real estate ads platform Idealista for 1.3...

BP entered the offshore wind market on Thursday with a $1.1 billion deal to buy 50% stakes in two U.S. developments from Norway’s...

South Africa’s Comair Ltd will require up to 1.2 billion rand ($72 million) of funding and will have to cut a fifth of its workforce to...

Amazon.com Inc has added insurance and even gold to its menu of financial services in India, to expand its customer base and attract more...

Qantas Airways Ltd said on Tuesday it had issued A$500 million ($369.90 million) of unsecured bonds with a coupon of 5.25% to help strengthen...

Israel’s Delek Group said on Monday it is in talks with third parties about a possible merger of its North Sea energy operations, as it...

Norwegian Air NORR.OL still needs more cash in order to weather the COVID-19 pandemic, the budget carrier said on Friday, as it reported a deep...

Agricultural chemical maker Syngenta posted higher first-half profit and sales on Thursday, helped by maintaining supplies to farmers and...

Afterpay laid out plans on Thursday to expand its buy-now, pay-later service to at least four continents, capitalising on the sector’s...

With chat groups, video streams and low prices for foundation, China’s Perfect Diary has emerged from nowhere four years ago to become a...

Finnish national carrier Finnair plans to cut up to 1,000 jobs, or about 15% of its workforce, and seek further savings across its operations,...

Hong Konger Winnie Tong aims to move to Britain with her family in two years, but is stalling on plans to buy a house there after prices jumped...

America’s biggest office furniture manufacturers got the rug pulled out from under them by the COVID-19 pandemic. 

 Home Depot Inc beat quarterly same-store sales estimates on Tuesday, as consumers bought more paint, tools and other home improvement...

The Philippine unit of Royal Dutch Shell said on Thursday it will permanently shut one of the country’s two oil refineries, blaming a...

Shares of Moderna Inc rose 11% on Wednesday after the company signed a $1.5 billion deal with the U.S. government for the supply of its...

ABN Amro is to end all trade and commodity financing after a string of losses, in a massive overhaul of its activities that will see the Dutch...

Norwegian video conferencing firm Pexip Holding ASA said on Wednesday its revenue nearly doubled in the second quarter and adjusted earnings surged...

Hong Kong’s Cathay Pacific Airways Ltd warned it did not expect a meaningful recovery in passenger demand for some time due to the...

Media conglomerate Vivendi and investment firm Amber Capital, the two largest shareholders in French media group Lagardere, have formed a...

Occidental Petroleum Corp on Monday posted a $8.35 billion second-quarter loss on lower energy prices and write-downs as the U.S. oil producer has...

EssilorLuxottica said on Monday that GrandVision’s actions during the coronavirus crisis could provide grounds for ending its 7.2 billion...

Bosnia’s tourism sector shrank by 70.6% year-on-year in the first six months of 2020 due to the coronavirus crisis, data from its state...

Hyundai Motor Co stock jumped as much as 10.2% on Monday to its highest price since May 2018, after the automaker said it would create a...

Epic Games, the creator of the popular video game “Fortnite” said on Thursday it has raised $1.78 billion in its latest funding round,...

Glencore became the first major mining company to scrap its dividend, saying on Thursday the economic outlook was too uncertain because of the...

Latin America’s coronavirus crisis is forcing Uber to adopt the taxi model it was meant to drive off the streets of cities from Santiago to...