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BUSINESS

EU hits Intel with €376.4m antitrust fine in computer chip case

Digital Desk -
European Union antitrust enforcers have slapped Intel with a fresh €376.4 million fine in a long-running legal fight which the chipmaker appeared to have...
BUSINESS

Longtime Starbucks leader Howard Schultz steps down from coffee chain’s board

Digital Desk -
Longtime Starbucks leader Howard Schultz is stepping down from the company’s board of directors, the coffee chain announced. Mr Schultz is credited with transforming the...
BUSINESS

3M agrees to pay $6bn to settle earplug lawsuits from US service members

Digital Desk -
Chemical and consumer product manufacturer 3M has agreed to pay $6 billion (€5.5 billion) to settle numerous lawsuits from US service members who say...
BUSINESS

Charles Schwab plans job cuts and office downsizing amid efforts to reduce costs

Digital Desk -
Charles Schwab plans to cut jobs and close or downsize some corporate offices as part of company efforts to reduce operating costs, the financial...
BUSINESS

IBM selling The Weather Company assets to private equity firm Francisco Partners

Digital Desk -
IBM is selling assets of The Weather Company – including Weather.com and The Weather Channel mobile app — to private equity firm Francisco Partners. The...
BUSINESS

Elon Musk says ability to block other X accounts may be removed in future

Digital Desk -
Users of the social media platform X will not be able to block people from seeing their posts or commenting on them in future,...
BUSINESS

China’s Evergrande asks court to approve debt plan and rejects bankruptcy claims

Digital Desk -
A giant Chinese real estate developer that is struggling to avoid defaulting on $340 billion debt (€312 billion) said it is asking a US...
BUSINESS

Floods in China’s northern province kill 29 and cause billions of economic loss

Digital Desk -
Severe floods in China’s northern province of Hebei brought by remnants of Typhoon Doksuri this month killed at least 29 people and caused billions...
BUSINESS

Coach parent company Tapestry to buy Michael Kors and Versace owner

Digital Desk -
Tapestry, the parent company of luxury handbag and accessories retailer Coach, is buying the owner of fashion brands including Michael Kors, Versace and Jimmy...
EUROPE

Italian banks’ shares plunge after ministers back tax on profits

Digital Desk -
Shares in Italian banks have plunged after the Cabinet approved a proposal to apply a temporary tax on some profits this year to help...
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