International Companies
Facebook and JP Morgan face global regulators to discuss cryptocurrencies
Representatives from Facebook and JP Morgan met with global central bank officials on Monday to discuss the development of the new Facebook cryptocurrency Libra and JPM coins.
Volkswagen agrees to settlement over emissions manipulation in Australia
Carmaker Volkswagen has agreed to pay A$127m as part of a settlement with thousands customers affected by its manipulation of the emissions of its diesel vehicles in Australia.
Energy Transfer to buy SemGroup for $1.35bn
US oil and gas pipeline company Energy Transfer has agreed to buy smaller rival SemGroup Corp for $1. 35bn.
Vaalco Energy to list in London
Texan oil company Vaalco Energy is seeking a secondary listing on the London Stock Exchange.
46,000 UAW workers go on strike against General Motors
Members of America's United Auto Workers union went on strike against General Motors, marking the first industrial action in the sector in 12 years.
OxyContin maker Purdue files for bankruptcy
Under-fire American drugs company Purdue Pharma has filed for bankruptcy as it looks to settle thousands of opioid-related lawsuits.
Aldi profits slide despite improved revenues
German discount grocer Aldi reported a sharp fall in profits as price cuts aimed at remaining competitive and its rapid UK expansion hit the bottom line.
Oil loading 'resumes in Saudi Aramco plant' after drone strikes
Saudi Aramco has reportedly resumed vessel loading at one of its plants in Saudi Arabia hit by a drone attack over the weekend.
FDA warns against impurities in Zantac and its generic versions
The US Food and Drug Administration has warned that the drug Zantac and its generic variants could contain a potentially carcinogenic nitrosamine impurity called N-nitrosodimethylamine (NDMA) at low levels.
Whirlpool warns of 435,000 dangerous tumble dryers
Whirlpool issued a warning on Friday linked to a fault in hundreds of thousands of tumble dryers that posed a potential fie hazard for families.
Google settles fiscal fraud probe in France for $550m
Google agreed to pay a $550. 0m fine in France to settle a fiscal fraud probe that began four years ago, the country's financial prosecutor’s office announced on Thursday.
Huawei attempts to sell its 5G patents to a Western company
Huawei is offering to sell its 5G technology patents, licenses, code, and technical blueprints to a Western company in a one-time-only offer.
France to block Facebook's Libra on European soil
French Finance Minister Bruno Le Maire said Thursday that he would block the development of Facebook’s proposed cryptocurrency libra in Europe, saying that it would put the sovereignty of governments at risk.
BofA stays at 'buy' on Apple, says company playing 'long game' on Apple TV
Analysts at Bank of America-Merrill Lynch bumped up their target price for shares of Apple, following the launch of the technology giant's new iPhones the night before.
Amazon faces FTC antitrust probe over its marketplace
The US Federal Trade Commission is ramping up an investigation into Amazon over its online marketplace by interviewing small businesses that sell through the company, reported Bloomberg on Wednesday.
Fashion giant Inditex reports strong rise in H1 profits
Fashion retail giant Inditex reported a 10% rise in first half net profit to €1. 5bn on Wednesday as a warm European summer helped to lift sales.
Oxford BMW workers face fortnight of unpaid leave in no-deal Brexit
BMW workers in the Mini plant in Oxford will take unpaid leave for two weeks or more in the case of a no-deal Brexit due to major disruptions in the carmaker’s business, the company said.
Huawei drops lawsuit against US after Washington returns seized equipment
Chinese telecommunications equipment company Huawei dropped one of its lawsuits against the US government after Washington returned equipment that had been seized.
IWG mulling sale of Canadian operations, says Bloomberg
Office space services provider IWG is considering the sale of its Canadian operations, according to a source cited by Bloomberg on Tuesday.
Alibaba founder steps down as chairman
Alibaba founder Jack Ma is set to step down as the Chinese e-commerce giant's chairman on Tuesday.