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CATEGORY

BUSINESS

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...
BUSINESS

Tesla CFO Zachary Kirkhorn steps down after 13 years

Digital Desk -
Tesla chief financial officer Zachary Kirkhorn has announced that he will be departing the company after 13 years with the the electric vehicle and...
BUSINESS

Saudi Arabia extends oil production cut in bid to boost energy prices

Digital Desk -
Saudi Arabia has said it will extend its unilateral production cut of one million barrels of oil a day to the end of September...
BUSINESS

Biogen to bolster rare disease treatments with £5.4 billion Reata acquisition

Digital Desk -
Biogen is spending more than seven billion US dollars (£5.4 billion) to buy Reata Pharmaceuticals and bolster its rare disease treatments. The Alzheimer’s treatment developer...
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