New Adidas CEO acts to reshape Reebok, support growth
BERLIN (Reuters) – The new boss of Adidas announced plans on Thursday to overhaul struggling fitness brand Reebok and keep up the focus on reviving the main Adidas business in North America as he dampened expectations for 2017.
France to defend its interests in sale of STX shipyards: minister
PARIS (Reuters) – The French government has told South Korea it will oppose any solution for shipbuilder STX France that is against national industrial interests, Industry Minister Christophe Sirugue told Reuters on Thursday on the eve of a deadline fo…
Alphabet’s Google moves to upgrade app store
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google is redoubling efforts to help developers of Android mobile apps build their businesses as concerns mount that the app economy has reached saturation.
EU commissioner apologizes for remarks on China
BRUSSELS (Reuters) – European Commissioner Guenther Oettinger issued a formal apology on Thursday for remarks that China took offence to but which the German conservative politician had declined to withdraw for several days.
Keeping kosher: it may be bad for your economic health
JERUSALEM (Reuters) – Behind Israel’s food and tourism industries thrives a parallel economy run by rabbis and a legion of inspectors whose business it is to make sure everything is kosher.
French financial prosecutor says HSBC should stand trial over tax fraud
PARIS (Reuters) – France’s financial prosecutor has requested a trial for HSBC Holdings and its Swiss private banking unit on suspicions it helped customers dodge taxes in 2006-2007, a source familiar with the matter told Reuters.
Trump-effect grips world stocks, dollar
LONDON (Reuters) – World stocks wallowed near a four-month low as U.S. election uncertainty knocked the dollar, and futures pointed to the longest losing streak for the S&P 500 since the 2008 financial crisis.
Deutsche Bank gets watchdog’s nod for sale of stake in China’s Hua Xia
FRANKFURT (Reuters) – Deutsche Bank has received regulatory approval for the sale of its 20 percent stake in Chinese peer Hua Xia to PICC Property and Casualty , it said on Thursday.
Volkswagen supervisory board to meet on Friday: Lower Saxony PM
HAMBURG (Reuters) – Volkswagen’s supervisory board will meet on Friday to discuss restructuring of the carmaker, the premier of the German state of Lower Saxony, VW’s second-biggest shareholder, confirmed.
U.S. Commerce chief warns against China semiconductor investment binge
WASHINGTON (Reuters) – Massive government investment in China’s semiconductor industry risks distorting the global market for integrated circuits, leading to damaging overcapacity and stifling innovation, U.S. Commerce Secretary Penny Pritzker has warn…
