International Companies
Deutsche Bank fails Fed's annual stress test
The Federal Reserve concluded its annual stress tests this week and has confirmed that Deutsche Bank would not overcome a new financial crisis, while also blocking Goldman Sachs, Morgan Stanley and JP Morgan Chase from increasing dividends and stock buybacks this year.
Tobacco companies lose WTO ruling on plain packaging
Australia has won a landmark World Trade Organisation ruling to require cigarettes to be sold in plain packs without any striking logos or fonts, which could bring a new wave of tobacco restrictions around the world.
Amazon bids $1bn for online pharmacy after launching courier firm
Online retail colossus Amazon agreed to acquire online pharmacy PillPack for a reported $1bn cash - a move which prompted a sharp drop in the shares of large American drugstore chains on Thursday.
China rejects requests for talks with US on Taiwan spat
China has refused to hold talks with the US over how US airlines and their websites refer to Chinese-claimed Taiwan, adding tensions to an already strained trade relationship.
Jaguar to invest $18bn in manufacturing electric versions of all its models
Jaguar Land Rover is planning on investing $18bn on building electric vehicles in China in a move to step up its game in the fast-growing EV market.
Twitter ramps up fight against abuse and malicious bots
Twitter said it will be making changes to combat trolls and malicious bot accounts in a new move to reduce harassment and manipulation online.
Uber wins 15-month probationary licence to operate in London
Ride-hailing app operator Uber has managed to secure a 15-month licence to work in London after it impressed the judge with big improvements to its practices, but remains 'on probation' with a strict set of conditions to obey.
UK unions join businesses in call for urgency in Brexit negotiations
Union and business leaders in the UK and Europe have joined together to demand “measurable progress” from Brexit negotiations this week, with Britain's economic interests, people’s jobs, rights and livelihoods to be put first.
Trump threatens Harley-Davidson with 'big tax' if it relocates plants overseas
US President Donald Trump accused Harley-Davidson of using the recently imposed EU tariffs on automobile imports to Europe as an excuse to shift motorcycle production abroad and threatened a new tax on imports if relocation goes ahead.
Bank of America gets ready to move London jobs to Paris
Bank of America is pressing ahead with moving some of its investment bank to Paris to prepare for Brexit by appointing three senior managers who will move there in 2019.
JCDecaux to buy Australia's APN Group for AUD1.12bn
French outdoor advertising company JCDecaux has agreed to buy Australian billboard group APN Outdoor for AUD1. 12bn, or AUD6. 70 per share in cash.
GE to spin off healthcare and sell Baker Hughes stake
General Electric will spin off its healthcare division and sell its stake in Baker Hughes, the oil services company, as the ailing US conglomerate sheds peripheral businesses and seeks to cut its debt.
Harley-Davidson to move production overseas to avoid EU tariffs
US motorcycle firm Harley-Davidson is planning on shifting production overseas to avoid the recently implemented EU tariffs on its motorbikes.
Uber's gets unexpected boost in court battle over London licence ban
Uber’s appeal to renew its licence in the city of London started on Monday and got an unexpected boost from Transport for London, the regulator that had banned the firm from operating in the first place.
General Electric to sell distributed power business to Advent for $3.25bn
General Electric has agreed to sell its Distributed Power business to private equity firm Advent International for $3. 25bn as it looks to simplify its structure.
Inmarsat rallies as Eutelsat says it's evaluating possible offer
Satellite operator Inmarsat rallied on Monday as France's Eutelsat confirmed it is currently evaluating a possible offer for the company.
UK business shows 'deep concern' over Brexit in letter to PM
The UK’s five main business lobbies have urged the Prime Minister in a letter to make progress in the Brexit negotiations or risk losing jobs and investment.
Aston Martin preparing discounted customer share offering for Autumn float
Luxury car-maker Aston Martin intends to hand millions of pounds to wealthy customers through a London listing expected to value the company at up to £5bn, according to reports on Friday.
Airbus warns it would leave UK in no-deal Brexit scenario
European aviation giant Airbus warned overnight that it could leave Britain if the country exits the European Union in 2019 without a transition deal.
ANZ doubles size of share buyback
Australia and New Zealand Banking Group announced on Friday that it would increase its current on-market share buy-back, which started on 15 January, by a further AUD 1. 5bn (£0. 84bn) to a total of AUD 3bn.