Oil prices fall 1% as market weighs coronavirus impact on demand
Oil prices fell by more than 1% on Tuesday, tracking losses in financial markets on lingering concerns over the economic impact of the coronavirus outbreak in China and its effect on oil demand.
SoftBank spends $2.5 billion to get second Vision Fund off the ground: sources
SoftBank Group Corp has pumped $2.5 billion of its own cash into new investments since October, people familiar with the matter said, hoping to restore its money-making credentials as it courts investors for a successor to its Vision Fund.
European new car sales down 7.4% in January: ACEA
European car sales fell in January, hit by a sluggish global economy, higher car taxes in some EU countries and uncertainty over Britain’s departure from the bloc, the European Auto Industry Association (ACEA) said on Tuesday.
Shades of Detroit? Germany’s auto heartlands in peril as ‘golden age’ fades
When Kristin and Thomas Schmitt took out a mortgage and bought a house last summer, the German couple’s dream looked as if it was coming true. Two months later, they learned that the tire factory where both work would be shut down early next year.
Boy Scouts of America files bankruptcy in wake of abuse lawsuits
The Boy Scouts of America said on Tuesday it had filed for Chapter 11 bankruptcy amid a flood of lawsuits over allegations of child sexual abuse stretching back decades.
Stocks under pressure as Apple sounds warning on coronavirus
Asian shares fell and Wall Street was poised to retreat from record highs on Tuesday after Apple Inc said it would miss its March quarter revenue guidance as the coronavirus slowed production and weakened demand in China.
France’s Accor partners with Visa under loyalty program
Accor , Europe’s largest hotel group, said on Tuesday it was joining forces with American card giant Visa to offer a payment card to members of its lifestyle loyalty program named ALL-Accor Live Limitless.
HSBC to shed assets worth $100 billion and slash 35,000 jobs over three years
HSBC Holdings said on Tuesday it would shed $100 billion in assets, slashing the size of its investment bank and revamping its U.S. and European businesses – in a drastic overhaul that will mean 35,000 jobs cut over three years.
Nissan CEO tells angry shareholders he is ready to be sacked if no turnaround
Nissan’s new chief executive said on Tuesday he would accept being fired if he fails to turn around Japan’s second biggest automaker which is grappling with plunging sales in the aftermath of the scandal surrounding ex-chairman Carlos Ghosn.
Boy Scouts of America files for bankruptcy amid challenges over lawsuits alleging abuse
The Boy Scouts of America, one of the largest youth organizations in the United States, has filed for Chapter 11 bankruptcy protection as it faces legal challenges defending itself against lawsuits alleging sexual abuse.
