International Companies
Geely acquires an 8.2% stake in AB Volvo
China's Geely Holding has bought an 8. 2% stake in AB Volvo from activist investor Cevian Capital, turning it into the second largest shareholder of AB Volvo.
State to grant Bus Éireann an extra €7m for free travel scheme
State-owned company bus Éireann will get an extra €7m next year to increase payments to the company for pensioners’ free travel.
Belfast jobs fears grow as US hits Bombardier with 300pc import duty
America has slapped a 300% tariff on some of Bombardier's imports as part of the Canadian company's long-running competition dispute with Boeing, putting hundreds of manufacturing jobs in Belfast on the line.
Supreme looks to hire CFO after Carlyle Group investment
Three months after founder James Jebbia offloaded 50% of his New York skate shop and clothing brand Supreme to DC-based investment firm The Carlyle Group, the private equity group was already beginning to take steps to expand the business, starting with the hiring of a chief financial officer.
Chipotle shares drop on reports of Los Angeles county investigation into potential outbreak
Shares in US fast food restaurant Chipotle Mexican Grill fell on Wednesday when reports surfaced that a number of customers had reported symptoms such as vomiting, diarrhoea and nausea on iwaspoisoned. com after eating at one of its Los Angeles locations.
Apple admits to slowing down older iPhones to help creaking batteries
Apple has explained that older iPhones slow down as its algorithms throttle performance so that ageing batteries are able to keep up with power requirements.
Ryanair to face investigation over staff working conditions
Irish low cost airline RyanAir is to be investigated by two parliamentary committees after allegations of appalling working conditions for staff.
Niki keeps runway slots as bidders swarm
After filing for insolvency on 14 December, Air Berlin's low-cost unit, Niki, has been allowed to retain its much sought after runway slots until such a time as the Austrian Transport Ministry had completed its examination of the airline's insolvency filing.
EU rules Uber must be regulated as a transport company
The European Court of Justice has decided this Wednesday that Uber is a transport service and not a digital company that connects drivers and passengers.
Global growth next year will be fastest since 2011
According to PwC, the world economy will expand by almost 4% on a purchasing power parity basis, even as the pace of expansion in Britain slumps to its slowest since 2009.
Chinese firms move to acquire Canada's Lithium X
Chinese group Tibet Summit Resources, along with its partner NextView Capital, agreed to acquire Canadian group Lithium X for CAD 265m.
Toys R' Us on the brink of collapse, putting 3,200 UK jobs at risk
The Pension Protection Fund is refusing to back the restructuring of Toys R' Us unless it stumps up £9m for the company’s pension fund.
Saint-Gobain to buy Norwegian distributor Per Strand
French manufacturer Saint-Gobain has agreed to buy Norwegian distributor Per Strand AS for an undisclosed sum.
Boeing and Bombardier trade dispute intensifies
Aeronautical giants Bombardier and Boeing went to toe-to-toe on Monday as the two traded blows in front of the US International Trade Commission (ITC) in the most recent round of their feud amid claims by both that the other has benefited from massive subsidies.
Commission opens investigation into Ikea's tax arrangements in the Netherlands
Brussels has launched an investigation this Monday into Ikea’s Dutch tax deals as part of its ongoing crackdown on corporate tax evasion.
Hershey to buy Amplify Snack Brands in $1.6bn deal
Hershey has agreed to buy Amplify Snack Brands in a $1. 6bn deal.
Campbell Soup to buy snack maker Snyder's-Lance for $50.00 per share
Campbell Soup has agreed to buy snack maker Snyder's-Lance for $50. 00 per share in an all-cash transaction.
Germany's Vonovia to buy Buwog in €5.2bn deal
Germany’s Vonovia has agreed to Austrian real estate group Buwog in a deal that values the company at €5. 2bn.
Airbus chief executive to step down in board shake-up
The chief executive of French planemaker Airbus will step down from his position in 2019 as the company announced a major shake-up of its management team.
Luxembourg appeals EU ruling for Amazon to collect €250m in unpaid taxes
Luxembourg is mounting a challenge to an EU ruling which ordered it to collect €250m in unpaid taxes from US tech giant Amazon.