Nokia veteran Sari Baldauf takes over as 5G battle rages
Sari Baldauf took over as chairwoman of telecoms equipment maker Nokia on Wednesday, succeeding Risto Siilasmaa who chaired the Finnish firm for eight years.
Euro, stocks retreat from rally on EU stimulus plan
The euro retreated from near two-month highs and equity markets wavered on Wednesday even as the European Union unveiled a 750 billion euro ($823 billion) recovery fund that helped offset concerns about unrest in Hong Kong over Beijing’s proposed secur…
Twitter’s fact-check label prompts Trump threat to shut down social media companies
U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies for stifling conservative voices, a day after Twitter attached a warning to some of his tweets prompting readers to fact check the president’s claims.
Italy’s RCS says court ruled 2013 sale to Blackstone valid, may still win damages
Milan’s Arbitral Tribunal has judged that the 2013 sale of RCS’ headquarters to Blackstone Group was valid but found that the purchaser’s behaviour may entitle the Italian publisher to compensatory damages, RCS said late on Tuesday.
Online sales surge helps Ralph Lauren recover in China
Ralph Lauren Corp said on Wednesday a surge in online shopping was helping it get back on track in China and putting it on course for a recovery from the financial damage wrought by the COVID-19 lockdowns in other markets as well.
Factbox: Where do Trump and Biden stand on tech policy issues?
U.S. President Donald Trump on Wednesday threatened to regulate or shut down social media companies, a day after Twitter Inc for the first time added a fact-checking label to some of his tweets about mail-in ballots.
Tech selloff weighs on S&P 500, Nasdaq
A selloff in technology stocks dragged on the S&P 500 and Nasdaq on Wednesday, with investors also cautious about brewing U.S.-China tensions at a time when policymakers are attempting to revive the global economy from a coronavirus-driven slump.
Goldman Sachs on target to meet medium,long-term growth goals: executive
Goldman Sachs Group Inc President and Chief Operating Officer John Waldron said Wednesday that the bank remains on track to achieve its medium and long term growth targets despite the economic shocks caused by the novel coronavirus.
Hershey says mint, gum sales hit as lockdowns restrict social gatherings
Hershey Co said on Wednesday sales of gums and mints have taken a hit as social distancing protocols spurred by the COVID-19 pandemic discouraged people from participating in gatherings.
Germany’s Altmaier: Lufthansa bailout is in Europe’s own interests
German Economy Minister Peter Altmaier said on Wednesday he expected the European Commission to approve a 9-billion euro bailout of flagship carrier Lufthansa, adding that it was also in Europe’s interests to avoid a sell-off of such companies.
