Jurors expected to begin deliberating in Elon Musk defamation trial
Jurors were expected to begin deliberating in Los Angeles on Friday in the lawsuit brought against Elon Musk by a British cave explorer who says the Tesla founder defamed him with tweets suggesting he is a pedophile.
Britain’s Phoenix to buy Swiss Re’s ReAssure business for $4.1 billion
Phoenix Group Holdings has agreed to buy the British ReAssure business of Swiss Re for 3.2 billion pounds ($4.1 billion) in cash and shares, the UK insurer’s biggest deal to date as it bulks up on policies closed to new customers.
Saudi, Russia look to seal deeper output cuts with producers
By Shadia Nasralla, Olesya Astakhova and Bozorgmehr Sharafedin
SoftBank’s Son sticks with gut-led investing in chat with Alibaba’s Ma
Weeks after his billion-dollar bailout of WeWork, SoftBank Group Corp’s founder and CEO Masayoshi Son reiterated his belief in an instinct-led investing style, in a discussion with Alibaba Group Holding Inc’s co-founder Jack Ma.
‘Moving right along’? Shares nudge up after Trump trade talk
World shares ticked up on Friday, buoyed by comments from U.S. President Donald Trump that talks aimed at dialing down the damaging trade war with China were “moving right along”.
China-built Tesla cars recommended for subsidies: ministry
China’s industry ministry has placed Chinese-built Tesla Inc. Model 3 cars on a list of vehicles recommended to receive subsidies for new energy vehicles, a move that will help the U.S. firm’s push into the world’s biggest auto market.
Phoenix to buy Swiss Re’s ReAssure unit for $4.1 billion
Insurance group Phoenix Group Holdings said it had agreed to buy the British unit of Swiss Re AG for 3.2 billion pounds ($4.1 billion) in cash and shares, its biggest deal to date.
JPMorgan banker testifying for cartel prosecutors says there was no agreement
A prosecution witness in an Australian criminal cartel case against Citigroup Inc and Deutsche Bank AG said on Friday that the banks never colluded, but that he helped a regulator build its case to get immunity.
Italy’s Atlantia interested in relaunch not rescue of Alitalia: paper
Italy’s Atlantia is still interested in supporting the relaunch, and not the rescue, of ailing carrier Alitalia [CAITLA.UL], the chairman of the infrastructure group said in an interview on Friday.
Indonesia fines Garuda after CEO fired over smuggled Harley Davidson
Indonesia will fine flag carrier PT Garuda Indonesia for violating aviation rules after its chief executive was accused of smuggling a Harley Davidson motorcycle onboard a new plane, state news agency Antara cited the transport minister as saying.
