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International Companies
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Travelex restores first customer-facing systems after hack

Travelex announced on Friday it had restored the first of its customer-facing services in the UK and that the return to normal operations was firmly underway.

Alphabet's market cap hits one trillion dollars

Google’s parent company Alphabet became a trillion-dollar company on Thursday for the first time, the fourth US firm to reach that milestone.

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Xiaomi announces POCO to be standalone company

Xiaomi said on Friday that it would spin off POCO as a standalone company that will run independently from the Chinese tech giant.

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Fiat Chrysler in talks with Foxconn over JV

Fiat Chrysler Automobiles said on Friday that it is in talks with electronics group Foxconn over the creation of an equal joint venture to develop and manufacture new generation battery electric vehicles in China and engage in the Internet of Vehicles business.

16 Jan
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Top multinationals urge EU to stop patent trolls

Top multinationals such as BMW, Microsoft and Apple called on the European Union to prevent patent trolls that buy patents to make a profit through licences or lawsuits.

16 Jan
Morgan Stanley tops Goldmans in market value thanks to fixed income trading

Shares of Morgan Stanley hit their best levels since late 2007 and overtook those of Goldman Sachs on the back of a fourth quarter surge in sales from fixed income trading.

15 Jan
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IAG lodges complaint with EU over Flybe rescue

British Airways owner IAG has complained to the European Union about the UK government’s decision to rescue struggling regional carrier Flybe.

15 Jan
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Goldman Sachs profits hurt by weak investment banking performance

US banking giant Goldman Sachs fell short of estimates on Wednesday as the group reported that quarterly profits had been hurt by weakness in its investment banking arm and higher operating costs.

15 Jan
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German court charges six Volkswagen executives with fraud

Germany has charged six top executives at Volkswagen with fraud after being accused of “deliberately misleading” authorities and customers.

15 Jan
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Jeff Bezos to invest $1bn in Indian companies

Jeff Bezos, the billionaire founder of Amazon, has unveiled a $1. 0bn investment to help small Indian businesses digitalise.

15 Jan
Bank of America shares dip after 'low quality' Q4 EPS beat

Bank of America saw sales and profits decline at the end of 2019 despite amid higher expenses and a fall in net interest income.

14 Jan
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Ford invests $82m in Vietnamese plant expansion

Ford said on Tuesday it’s investing $82m in the expansion of a plant in Vietnam to boost its production capacity at the site.

14 Jan
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Citigroup easily tops estimates on strong fixed-income trading

Citigroup easily topped expectations with its quarterly results on Tuesday as strong fixed-income trading revenues and growing sales from the bank's consumer business led the way.

14 Jan
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PSA-owned Opel to shed up to 2,100 jobs

Opel is to cut up to 2,100 jobs, the German car brand confirmed on Tuesday, as it battles 'ever-stricter' emissions regulations.

14 Jan
JP Morgan blows past Street in Q4 thanks to debt and commodities trading

JP Morgan blew past analysts' forecasts for its fourth quarter revenues and profits thanks to a bumper turnout for its debt and commodities trading arm.

14 Jan
BlackRock pledges to put climate first as it flags 'fundamental reshaping' of finance

BlackRock, the world’s biggest asset manager, has pledged to put the climate at the heart of its investment strategy, including shunning some coal miners.

14 Jan
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China reports surge in exports ahead of crucial trade deal

China’s exports grew for the first time in five months in December, official data showed on Tuesday, comfortably beating expectations.

13 Jan
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Outgoing Boeing boss to receive more than $60m

David Calhoun, Boeing's new president and chief executive, assumed control of the troubled US aerospace manufacturer on Monday, as it emerged that his predecessor had left with more than $60m in compensation and pension benefits.

13 Jan
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US intelligence will remain safe if UK uses Huawei 5G tech says MI5 head

US intelligence sharing will not be at risk from Chinese spying even if the UK uses Huawei’s technology for development of the country's 5G network, said the head of MI5, Andrew Parker.

13 Jan
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Brookfield powers ahead with takeover bid for TerraForm

Energy company Brookfield Renewable Partners has moved to take full control of TerraForm Power, it was announced on Monday.