WPP preparing to merge Young & Rubicam and digital ad firm VML: WSJ
The world’s largest advertising company WPP Plc’s is preparing to consolidate some of its businesses in a bid to keep pace with the industry’s digital shift, the Wall Street Journal reported on Sunday.
European Banking Authority is asked to investigate oversight of Danske Bank
The European Commisssion has asked the European Banking Authority (EBA) to investigate what went wrong in the oversight of Danske Bank’s Estonian branch, which is at the center of a major money laundering scandal, it said on Sunday, confirming a repor…
Comcast demonstrates Sky-high ambition in global media shake-up
U.S. cable giant Comcast scored a big win in the scramble for media assets by beating Rupert Murdoch, and his backer Disney, in the battle for Sky with an eye-watering $40 billion bid.
Low interest rates spawn rise in number of zombie firms: BIS
Decades of falling interest rates have led to a sharp increase in the number of “zombie” firms, a report for the Bank for International Settlements said, potentially threatening economic growth and preventing interest rates from rising.
Siemens CEO pushes plans to boost Iraqi power infrastructure
Siemens said its boss Joe Kaeser met Iraq’s prime minister on Sunday to discuss a proposal by the German company to expand the Middle East nation’s power production.
Volkswagen’s Porsche drops diesel in electric car push
Volkswagen’s Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead.
Siemens nears multi-billion euro deal in Iraq: Handelsblatt
German engineering group Siemens is working on a deal worth up to 9 billion euros ($10.6 billion) to supply energy generation technology to Iraq, business daily Handelsblatt reported, citing government and industry sources.
Volkswagen’s Porsche to stop offering diesel models
Volkswagen’s Porsche will stop offering diesel versions of its cars, the unit said on Sunday, sharpening its focus on hybrid and battery-powered vehicles instead.
In Nigeria, Shell’s onshore roots still run deep
Royal Dutch Shell wants to reweight its footprint in Nigeria to focus on oil and gas fields far offshore, away from the theft, spills, corruption and unrest that have plagued the West African country’s onshore industry for decades.
Timeline: Shell’s operations in Nigeria
Royal Dutch Shell pioneered Nigeria’s oil and gas industry and remains a major investor in the West African country. But over the decades it has come under fire over spills in the Delta region and struggles with oil theft, corruption and oil-fueled vio…
