The popular video app TikTok is threatening to go to American court over Donald Trump’s presidential decree, the company writes in a blog post on the website. Trump has prohibited transactions with the Chinese parent company ByteDance. TikTok says to be “shocked”. “The decree was issued without any fair […]
Business
Former Renault CEO Thierry Bolloré becomes the top boss of Jaguar Land Rover. The British subsidiary of the Indian Tata Motors was looking for a replacement for Ralf Speth who will retire in September. Speth will remain with Jaguar Land Rover as a non-executive vice-chairman, a role similar to […]
950 jobs will disappear from the British department store chain Marks & Spencer. These are supporting jobs and positions in the management of the stores. In total, Marks & Spencer has approximately 78,000 employees. Marks & Spencers’ move may be critical. The company previously received support from the British […]
The stock exchange in Japan ended again with a loss on Wednesday. Investors handled the lower closing positions on Wall Street, where concerns about the economic recovery flared up again as a result of the sharp increase in corona infections in several US states. The other stock exchanges in […]
SoftBank recorded a record loss last year due to setbacks with its investments. The Japanese telecom and investment giant has major interests in office rental company WeWork. But the value of those companies has shrunk considerably since the moment of entry. The group posted an operating loss of nearly […]
The stock markets in New York were at a loss on Monday shortly after the opening bell. Pre-sentiment was supported by a new Federal Reserve support program for the US economy, but positivism proved short-lived. The disappointment at the lack of a US deal on a sizeable stimulus package […]
Central banks in Asia have entered crisis mode after the US central banks’ umbrella surprised markets late last Sunday with a sharp fall in interest rates. All policies are designed to contain the economic impact of the new coronavirus. Central bankers are increasingly concerned about the significant fluctuations in […]
Record Company Warner Music Group, with artists such as Bruno Mars and Ed Sheeran, wants to go to the New York Stock Exchange. The concern has applied for this. Owners of the record company as billionaire Len Blavatnik wish to cash in on their interests now that Warner Music […]
The Chinese telecom giant Huawei may – albeit to a limited extent – cooperate with the development of the 5G network in the United Kingdom. 5G is the super-fast mobile internet of the future. The British decision is striking because the United States had previously insisted on not engaging […]
The Canadian department store group, Hudson’s Bay, disappears from the Toronto stock exchange. A group of minority shareholders has agreed to an offer of 11 Canadian dollars per share of a group of majority shareholders under the leadership of CEO Richard Baker. The Canadian company announced this on Saturday. […]
