Calm down. That was the message from the World Health Organization’s director general, Dr. Tedros Adhanom Ghebreyesus on Sunday to global financial markets. Equity markets world-wide have lost $7 trillion since Feb. 19, as investors and analysts have grown increasingly alarmed over potential economic damage from the fast-growing coronavirus. “WeRead More →
© Reuters. U.S. Democratic presidential candidate Bloomberg appears at campaign event in Memphis By Kenneth Li and Greg Roumeliotis (Reuters) – Gary Ginsberg, the global head of communications for SoftBank Group Corp (T:), has taken an indefinite leave of absence to advise Michael Bloomberg’s U.S. presidential campaign, people familiar withRead More →
© Reuters. European Commissioner for the Internal Market Breton gestures as he communicates on the EU’s 5G plan in Brussels By Michel Rose PARIS (Reuters) – Europe may have lost the battle to create digital champions capable of taking on U.S. and Chinese companies harvesting personal data, but it canRead More →
© Reuters. Exclusive: Ryanair marketing chief Jacobs to leave in April DUBLIN (Reuters) – Ryanair (I:) Chief Marketing Officer Kenny Jacobs, who spearheaded the airline’s drive to improve customer service, is to leave his position after six years at the end of April to pursue other challenges, he told ReutersRead More →
By Gilles Guillaume PARIS (Reuters) – Renault’s (PA:) engineering boss will meet his counterpart at Nissan (T:) in Japan this week, two sources close to Renault said, as the carmakers seek to revive projects crucial to an alliance left reeling by the Carlos Ghosn affair. The Franco-Japanese alliance is wrestlingRead More →
LONDON (Reuters) – The chief executive of Royal Bank of Scotland’s (L:) digital bank Mark Bailie is leaving the state-backed bank within months, Sky News reported on Tuesday. Bailie, an RBS veteran and former chief operating officer of the bank, led development of digital bank Bó which only launched officiallyRead More →
MONTREAL (Reuters) – Airbus (PA:) sees enough demand for its wide-bodied A330neo passenger jet to keep production stable, Chief Commercial Officer Christian Scherer told Reuters on Wednesday. With some airlines seen unlikely to take delivery of all the jets they have ordered, there has been speculation Airbus would have toRead More →
COPENHAGEN (Reuters) – Strict enforcement of competition rules in the European Union prevents the development of the global champions necessary to compete with Chinese and U.S. companies, the head of shipping company Maersk (CO:) warned in an interview. “Is it really a good idea that we don’t allow the creationRead More →
© Reuters. Global Entrepreneurship Summit 2019 (GES 2019) By David Shepardson WASHINGTON (Reuters) – The economic impact of Boeing Co’s (N:) planned halt of 737 MAX production will not be considered by U.S. regulators in their ongoing review of when to end the grounding of a plane involved in twoRead More →
BERLIN (Reuters) – Volkswagen’s (DE:) German plants need to boost efficiency to match overseas operations, production chief Andreas Tostmann was quoted as saying, targeting 2 billion euros ($2.2 billion) in savings by 2023. German carmakers, including Volkswagen’s Audi (DE:) brand, have announced thousands of job cuts in recent weeks toRead More →
ZURICH (Reuters) – UBS’s (S:) Sergio Ermotti wants to remain as chief executive of Switzerland’s biggest bank until 2021, Swiss website Finews reported on Monday, citing unnamed sources. There has been speculation about the 59-year-old’s departure date after Chairman Axel Weber said in January the time was right to considerRead More →
Investing.com – Netflix (NASDAQ:) isn’t deterred by the rise of other streaming services, like Disney+. In fact, the company is surprised it didn’t happen sooner, Chief Content Officer Ted Sarandos said at an event in New York Thursday evening. “We figured at some point everybody would get into this,” SarandosRead More →
© Reuters. FILE PHOTO: New York City Police Department Chief of Detectives and Chief of Crime Control Strategies Shea speaks at a news conference in New York By Gabriella Borter NEW YORK (Reuters) – New York Police Department Commissioner James O’Neill was expected to step down on Monday and beRead More →
© Reuters. FILE PHOTO: A Boeing 737 MAX aircraft is seen grounded at a storage area in an aerial photo at Boeing Field in Seattle By David Shepardson WASHINGTON (Reuters) – New Federal Aviation Administration (FAA) chief Stephen Dickson plans to fly to Seattle this week to fly “newly configured”Read More →
BERLIN (Reuters) – BMW’s (DE:) engine development and purchasing expert, Markus Duesmann, is set to become the CEO of Volkswagen’s (DE:) Audi premium brand, after BMW dropped its opposition to his early departure, a German newspaper reported on Saturday. The Frankfurter Allgemeine Zeitung cited a person with knowledge of theRead More →
Getty Images Happy Labor Day, all right. The strongest U.S. labor market in decades is powering the economy and limiting the damage from a trade war with China. The one thing no one really has to worry about right now as Americans celebrate the “Labor Day” holiday is, well, theRead More →
By Edward Taylor FRANKFURT (Reuters) – BMW (DE:) board member Oliver Zipse, a 55 year-old company veteran, is the front runner to become the carmaker’s new chief executive, sources said on Friday after Harald Krueger announced he would not stay on beyond April 2020. Krueger said he would not seekRead More →
(Reuters) – U.S. Senator Elizabeth Warren urged former U.S. Food and Drug Administration Commissioner Scott Gottlieb to immediately step down from Pfizer Inc’s (N:) board, three months after his departure from the health regulator. In a letter to Gottlieb, Warren, who is seeking the Democratic nomination for the 2020 presidentialRead More →
© Reuters. Outgoing Acting Defense Secretary Patrick Shanahan leaves the Pentagon WASHINGTON (Reuters) – U.S. President Donald Trump said on Friday he intends to nominate Army Secretary Mark Esper to be secretary of defense, the White House said in a statement. Esper takes over as acting defense secretary on MondayRead More →
© Reuters. FILE PHOTO: A sign for BlackRock Inc hangs above their building in New York LONDON (Reuters) – The global head of infrastructure investing at BlackRock (NYSE:), the world’s biggest asset manager, said he would be “very wary” of investing in UK utilities given the rising threat of nationalizationRead More →
© Reuters. Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration Commission (SASAC) attends a news conference in Beijing SHANGHAI (Reuters) – Xiao Yaqing, director of China’s state-owned asset regulator, has been appointed head of the country’s market regulation administration, state television reported on Saturday. Xiao’s appointment came afterRead More →
© Reuters. FILE PHOTO: Thierry Bollore, CEO of Renault, attends Renault’s 2018 annual results presentation at their headquarters in Boulogne-Billancourt By Maki Shiraki TOKYO (Reuters) – Japan’s Nissan Motor Co will keep Hiroto Saikawa on as president and will bring in the chief executive of alliance partner Renault SA (PA:)Read More →
© Reuters. Kraft Heinz’s chief marketing officer Eduardo Luz to depart at end of May (Reuters) – Kraft Heinz (NASDAQ:) Co’s chief marketing officer Eduardo Luz is leaving the company at the end of May, a spokesperson for the company said on Saturday. Kraft Heinz’s president of beverages, snacks andRead More →
The U.S. Department of Justice asked a federal court last week to put a hold on the Securities and Exchange Commission’s case against former Theranos Chief Operating Officer Sunny Balwani, arguing that a stay in the case would prioritize their criminal case against him. The Justice Department told the judgeRead More →
© Reuters. FILE PHOTO: Mike Ashley, founder and majority shareholder of sportwear retailer Sports Direct, arrives at the company’s AGM, at the company’s headquarters in Shirebrook (Reuters) – Sports Direct (LON:) chief executive Mike Ashley has offered to underwrite a 150 million pound ($195.65 million) rights issue at Debenhams onRead More →
