MIT halts collaborations with Chinese tech firms Huawei, ZTE
The Massachusetts Institute of Technology (MIT) said on Wednesday it has halted collaborations with Huawei Technologies and ZTE Corp over U.S. federal investigations of the Chinese technology companies’ alleged violations of sanctions.
Japan’s Nomura to cut $1 billion costs to revive wholesale business, shut branches
Japan’s Nomura Holdings said on Thursday it would cut $1 billion in costs from its wholesale business and shut more than 30 of 156 domestic retail branches, in its latest strategy overhaul to turn around its struggling business.
Unicredit could be spoiler in Deutsche Bank tie-up with Commerzbank
Deutsche Bank came under increased pressure on Thursday to move forward with a tie-up with Commerzbank following a report that Italy’s Unicredit is preparing a rival bid for the German lender.
UniCredit could explore merger with Commerzbank if Deutsche talks fall through: sources
UniCredit could explore a merger with Commerzbank if talks with Deutsche Bank fall through, two people with knowledge of the matter said on Thursday.
From molecules to electrons; can Big Oil become Big Power?
European oil companies have started to address what they worry may one day be an existential threat to their business — the end of a century of oil demand growth in a low carbon world.
French finance minister: open to possible China investment in St Gobain unit
French Finance Minister Bruno Le Maire said on Thursday that in principle he would be open to a possible Chinese investment in a unit of French construction group St Gobain.
Talks between Deutsche Bank and Commerzbank are proceeding well: source
Talks between Deutsche Bank and Commerzbank are proceeding well, a person with knowledge of the talks said on Thursday.
Japan’s 7-Eleven to replace leader as firm considers changing 24-hour policy
Japan’s biggest retail group Seven & I Holdings Co Ltd said it is replacing the head of its 7-Eleven convenience store business, amid pressure to abandon its 24-hour store policy due to a shortage of workers.
French finance minister criticizes reported pay deal for Airbus boss Enders
French Finance Minister Bruno Le Maire on Thursday criticized a reported bumper pay deal for Tom Enders, the outgoing chief executive of planemaker Airbus.
Asian shares struggle near eight-month highs on trade jitters
Asian shares stepped back from eight-month highs on Thursday as investors took money off the table amid fresh concerns about the ongoing Sino-U.S. trade talks and their impact on the prospects for world growth.
