Blood but not much treasure: Vivendi’s European media crusade
MILAN/LONDON (Reuters) – French tycoon Vincent Bollore’s stated goal to create a southern European media empire faces defeat in Italy, despite pumping 5 billion euros ($5.9 billion) into his biggest foreign conquest, raising questions over whether the …
Airbnb to report homeowners’ income to Danish tax authorities
COPENHAGEN (Reuters) – Airbnb will automatically report homeowners’ income to Danish tax authorities in what will be the first such agreement globally for the short-term rental service.
British gaming firm enlists army of players to create Worlds Adrift
LONDON (Reuters) – British game maker Bossa Studios will release Worlds Adrift on Thursday, an ambitious adventure game designed to appeal to the Minecraft generation that has taken three years and 50,000 gamers to create.
At Germany’s SAP, employee mindfulness leads to higher profits
BERLIN – Peter Bostelmann, an industrial engineer at Europe’s technology giant SAP, discovered meditation during a personal crisis a decade ago.
China approves sale of $18 billion Toshiba chip unit to Bain-led consortium: NHK
TOKYO (Reuters) – China regulatory authorities have approved the $18 billion sale of Toshiba Corp’s chip unit to a consortium led by U.S. private equity firm Bain Capital, Japanese public broadcaster NHK reported on Thursday, without citing sources.
Volkswagen’s core brand pulls out of Paris auto show
BERLIN (Reuters) – Volkswagen’s core autos brand will skip the Paris motor show this year, the company said on Thursday, becoming the latest and most prominent carmaker to ditch the biennial industry gathering in the French capital.
Government borrowing costs rise as oil heads back to the 80s
LONDON (Reuters) – The dollar took a breather at a five-month high on Thursday, though government borrowing costs continued to grind upwards as oil prices hit their highest since 2014 at almost $80 a barrel.
Exclusive: Vitol, Glencore, Shell in running for Petrobras’ Nigerian assets
LONDON (Reuters) – The world’s three largest oil traders are competing to buy the African arm of Brazil’s Petrobras that owns stakes in two major Nigerian offshore oil blocks, industry and banking sources with knowledge of the matter said, after submi…
Maersk says U.S. sanctions make doing business in Iran impossible
COPENHAGEN (Reuters) – The world’s largest container shipping firm A.P. Moller-Maersk said Thursday it would shut down its business in Iran to abide with reimposed sanctions after Washington pulled the United States from a nuclear accord.
Ocado shares soar as it partners Kroger to enter the U.S.
LONDON (Reuters) – Britain’s Ocado said U.S. retailer Kroger had agreed an exclusive deal to use its technology for grocery deliveries, securing the online supermarket pioneer’s entry into the world’s biggest market and sending its shares up 50 perce…
