International Companies
Thales enters exclusive talks to sell rail unit to Japan's Hitachi for 1.66bn euros
Thales is in talks to sell its Ground Transportation Systems unit to Hitachi Rail in a multi-billion euro deal, in the process beating out Spanish rival CAF with its bid.
Rolls Royce in talks for sale of ITP to Bain Capital and Sener
Rolls Royce will sell Spanish jet engine maker ITP Aero to US private equity outfit Bain Capital and Spanish aerospace company Sener for €1. 6bn.
Dalio says Beijing's crackdown on technology firms has been misinterpreted
Beijing's recent crackdown on technology and education stocks was misinterpreted by Western investors as "anti-capitalist", a well-known hedge fund manager said.
Sportech signs Connecticut sports betting deal
Sportech has signed a deal with Connecticut Lottery Corporation that will allow the UK company to enter the state's retail sports betting market.
SocGen reports best first half for five years
Societe Generale swung to a profit in its best first half for five years as the French bank recovered from losses incurred early in the pandemic.
DuPont beats Q2 expectations, raises FY guidance for a second time
Chemicals firm DuPont upped its full-year guidance for a second time on Tuesday after increased demand and higher prices aided the firm in beating second-quarter expectations.
Target Q2 sales earnings and revenues beat expectations
US retailer Target reported sales growth in every merchandise category on Wednesday despite tough comparatives stemming from 2020's pandemic-fueled buying spree.
Competition Appeal Tribunal approves £10bn class action against Mastercard
The Competition Appeal Tribunal has approved a £10. 0bn class action against Mastercard that could entitle 46. 0m British adults to roughly £300 each if successful.
PayPal to allow UK users to buy, hold and sell cryptocurrencies
Online payments giant PayPal has revealed that it will allow UK users to buy, hold and sell cryptocurrencies using its platform.
Didi abandons Western Europe roll out amid regulatory backlash in China
Chinese ride-hailing firm Didi has halted plans to commence operations in both the UK and Europe amid a backdrop of a regulatory backlash over data privacy back home.
Best Buy raises FY same-store sales outlook
Retailer Best Buy reported better-than-expected second-quarter results ahead the bell on Tuesday, with the group raising its full-year same-store sales outlook after posting a comparable sales growth of 20% year-on-year.
US personal spending growth decelerates in July
US personal spending growth slowed down in July, according to the Commerce Department, as shortages of motor vehicles offset a rise in outlays on in-person services.
Beijing looks to ban Chinese tech firms from foreign listings
China will look to continue its crackdown on its tech sector by way of a ban on firms with large amounts of sensitive consumer data from going public in the United States.
NHTSA opens probe into Tesla's Autopilot system
Authorities in the US opened a formal investigation into Tesla's Autopilot following multiple accidents involving parked emergency vehicles.
UK regulator may force Facebook to unwind Giphy purchase
The UK's competition regulator said it may require Facebook to unwind its purchase of Giphy because the tie-up threatens to reduce competition between social media platforms.
Home Depot posts quarterly profit and revenue beats despite slowdown in same-store sales
US retailer Home Depot posted quarterly profit and revenue beats on Tuesday but also stated that fewer customers had visited its brick and mortar locations during the period than they had a year earlier amid a decline in lockdown-fuelled DIY activity.
Disney Q3 earnings blow past expectations
Entertainment giant Disney posted blowout quarterly earnings overnight, beating expectations for subscriber growth, revenues and earnings.
Boots to make medicines available through Deliveroo
Pharmacy chain Boots will make medicines and painkillers for milder ailments available through Deliveroo on Tuesday in a UK trial pilot scheme.
Apple eases rules around App Store ahead of Epic Games ruling
US tech giant Apple has eased back rules regarding its App Store as part of an effort to settle a lawsuit brought by developers in advance of a ruling in a separate case brought against it by the makers of the highly popular video game Fortnite.
Prosus to buy Indian payments platform BillDesk for $4.7bn
Dutch internet group Prosus has agreed to buy Indian payments platform BillDesk for $4. 7bn.