Nestle to cut about 380 jobs at four locations in Germany
Swiss food giant Nestle is cutting around 380 jobs in Germany by closing two locations and reducing the workforce at two others as it reacts to lower demand and shifts some production elsewhere, the company said on Monday.
Italy judge says evidence shows Eni, Shell knew of Nigerian graft
An Italian judge found on Monday that oil groups Eni and Royal Dutch Shell were fully aware that their 2011 purchase of a Nigerian oilfield would result in corrupt payments to Nigerian politicians and officials.
German union calls strike at Amazon warehouses
German trade union Verdi called on workers at two Amazon logistic centers to strike on Monday, part of a long-running campaign for better pay and conditions.
Oil steady but oversupply, economic growth weigh
Oil prices steadied on Monday after slipping by around 2 percent last week, but remained under pressure from oversupply and concern over the prospects for global economic growth and fuel demand.
Malaysia files criminal charges against Goldman, ex-bankers in 1MDB probe
Malaysia on Monday filed criminal charges against Goldman Sachs and two of the U.S. bank’s former employees in connection with an investigation into suspected corruption and money laundering at state fund 1MDB.
ABB relents to activist shareholder and unloads Power Grids unit
ABB will sell a majority stake in its Power Grids division to Japan’s Hitachi and return the proceeds to shareholders, bowing to pressure from an activist investor to sell the business that makes transformers and converters.
Canada gets consular access to second man detained in China
Canadian diplomats gained consular access on Sunday to the second of two men detained by China over the past week, Canada’s foreign ministry said in a statement that gave few details, as China said it was ensuring their rights were protected.
Malaysia files criminal charges against Goldman Sachs in 1MDB probe
Malaysia said on Monday it has filed criminal charges against Goldman Sachs and two of the U.S. bank’s former employees in connection with a corruption and money laundering probe at state fund 1MDB.
Asian shares perk up ahead of key policy events in China, U.S.
Asian share markets ticked up on Monday as investors cautiously looked to whether key policy events in the United States and China could allay concerns about slowing global economic growth.
ABB to sell Power Grids division to Hitachi in $11 billion deal
ABB will sell 80.1 percent of its Power Grids division to Japan’s Hitachi , the Swiss engineering group said on Monday, adding it would return net cash proceeds of $7.6-7.8 billion from the deal to shareholders.
