Ted Baker CEO to take leave of absence
Ted Baker’s CEO and founder Ray Kelvin is to take a voluntary leave of absence while allegations about his conduct are investigated, the British fashion retailer said on Friday.
Wall Street drops as trade jitters resurface
Wall Street fell 1.5 percent on Friday with a drop in technology stocks sparking a turnaround from earlier in the day, as renewed concerns of the China-U.S. trade situation offset the effect of a jump in oil prices and a tepid U.S. jobs report.
Brazil government to appeal injunction blocking Embraer-Boeing deal
The Brazilian government said on Friday that it will appeal an injunction blocking a proposed deal between planemakers Embraer and Boeing from going through.
Oil prices surge 4 percent on OPEC-led output cuts of 1.2 million bpd
Oil prices jumped more than 4 percent on Friday as Saudi Arabia and other producers in OPEC, as well as allies like Russia agreed to reduce output to drain global fuel inventories and support the market.
Top shareholder’s candidate for chairman elected to Danske Bank board
Danske Bank shareholders elected Karsten Dybvad, who was proposed by top shareholder A. P. Moller Holding as the bank’s new chairman, to the board at an extraordinary general meeting (EGM) on Friday.
Trump praises China talks; aides downplay friction over Huawei arrest
U.S. President Donald Trump on Friday sounded an optimistic note about trade negotiations with China as two of his top economic and trade advisers downplayed friction from the arrest of a senior executive of Chinese telecom equipment maker Huawei Techn…
Activist investor Elliott has taken position in Germany’s Bayer: sources
Activist investor Elliott has taken a position in Germany’s Bayer , the latest in a string of investments in German companies, three people familiar with the matter told Reuters on Friday.
White House adviser: U.S.-China trade talks, Huawei arrest are separate
White House trade adviser Peter Navarro on Friday said that the U.S. -China trade truce and the recent arrest of a top Huawei Technologies Co Ltd executive “are two separate events,” calling the timing of events a coincidence.
Europe should be wary of Huawei, EU tech official says
The European Union should be worried about Huawei [HWT.UL] and other Chinese technology companies because of the risk they pose to the bloc’s industry and security, the EU’s technology chief said on Friday, echoing concerns raised elsewhere in the worl…
Virgin Atlantic pilots hold Christmas strike, airline says will protect trips
Virgin Atlantic said on Friday it was aiming to ensure its pre-Christmas flights went ahead as scheduled after hundreds of its pilots voted to strike from Dec. 22 until Dec. 25 in a dispute over union recognition.
