August 21, 2019

Norwegian wealth fund buoyed by U.S. tech giants

Norway’s $1.1 trillion sovereign wealth fund, the world’s largest, benefited from a strong finish to the second quarter to post a 3% return on investment, buoyed […]
August 21, 2019

DHL stops deliveries for Amazon Fresh in Germany

Deutsche Post DHL will no longer deliver fresh food in Germany for Amazon as demand for the service launched in 2017 has been disappointing, a spokeswoman […]
August 21, 2019

Japan, U.S. ministers meet for trade talks as hopes for early deal fade

Japan and the United States will seek to narrow gaps on trade when their top negotiators meet this week, but hopes for a deal in September […]
August 21, 2019

Exclusive: Alibaba postpones up to $15 billion Hong Kong listing amid protests – sources

China’s biggest e-commerce company Alibaba Group Holding Ltd has delayed its up to $15 billion listing in Hong Kong amid growing political unrest in the Asian […]
August 21, 2019

Exclusive: Philips, under investigation in U.S. and Brazil, fired whistleblower who warned of graft

Healthcare giant Philips was warned of suspicious sales of its medical equipment to the Brazilian government, and failed to halt them, nearly a decade before an […]
August 21, 2019

Uber-rival Bolt enters European food delivery business

Estonia’s Bolt, a popular ride-sharing service in Eastern Europe and Africa, on Wednesday launched food delivery service in its home town of Tallinn, the nation’s capital, […]
August 21, 2019

Caution grips Asian shares before Fed minutes, seminar

Asian shares flatlined on Wednesday as worries about global recession and endless trade wars vied with hopes for a lot more monetary and fiscal stimulus to […]
August 20, 2019

‘You prepare for war’: how one U.S. firm tried escaping Trump’s China tariffs

When Larry Sloven heard last year that U.S. tariffs threatened his China electronics business, he knew that setting up shop elsewhere would be a slog rather […]
August 20, 2019

PES layoffs accelerate as Philadelphia refinery closes

Refiner Philadelphia Energy Solutions is laying off the majority of its unionized workforce on Tuesday and Wednesday, the union’s president said, ahead of an initial layoff […]
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