Tata Steel workers at Dutch plant vote to strike: ANP
Employees at Tata Steel’s Dutch plant in IJmuiden on Thursday voted to go on strike over planned job cuts and the plant’s further integration with Tata’s British operations, Dutch news agency ANP reported.
Rally pauses ahead of ECB stimulus plan
The rapid rally in world markets finally paused for breath on Thursday, as traders waited to hear how much more stimulus the European Central Bank plans to shovel out to address the coronavirus slump.
South Korea seeks arrest of Samsung heir Lee in succession probe
South Korean prosecutors have requested an arrest warrant for Samsung Group heir Jay Y. Lee, they said on Thursday, in the investigation of a 2015 merger and alleged accounting fraud in a suspected bid to aid his succession plans.
LVMH has explored coronavirus impact on Tiffany deal terms
LVMH ‘s board met this week to discuss the fallout from the coronavirus crisis on its $16.2 billion purchase of U.S. jeweller Tiffany , the luxury goods group said on Thursday, opening the door to a possible attempt to review the deal terms.
Oil drops on U.S. inventories and doubts over output cuts
Oil prices dropped on Thursday on doubts over the ability of crude producers to agree to extend record output cuts, heightened by worries over a build in U.S. fuel inventories.
GM to work closely with CATL in its China EV push: executive
General Motors will “work very closely” with Chinese electric vehicle battery maker Contemporary Amperex Technology Ltd (CATL) as it ramps up electric production in the world’s biggest auto market, a senior executive said.
South Korean court to review prosecution’s arrest warrant request for Samsung heir
A South Korean court said on Thursday it will review the prosecution’s request for an arrest warrant for Samsung Electronics vice chairman Jay Y. Lee.
Senators to announce sanctions bill on Russia’s Nord Stream 2 gas pipeline
U.S. senators will announce a bill this week expanding sanctions on Russia’s Gazprom-led Nord Stream 2 project, Senate aides said, targeting a pipeline Washington says will make Europe too reliant on Russian gas.
Citi defies coronavirus with Western European corporate lending push
Citigroup is looking to ramp up its commercial banking operations across Europe, Middle East and Africa, plugging gaps left by rivals facing fallout from a coronavirus-induced recession.
Red tape thwarts South Africa’s green energy potential
JOHANNESBURG – World-leading renewables companies are lining up to invest in South Africa’s energy sector and help remedy a chronic generation shortfall that pushed the continent’s most advanced economy into recession even before the COVID-19 pandemic …
