U.S. judge expected to rule in favor of Sprint, T-Mobile merger: sources
A U.S. district judge is expected to rule in favor of allowing Sprint and T-Mobile US to merge over the objections of a group of state attorneys general, according to two sources familiar with the matter.
KKR rules out offer for NMC, Italian-backed group confirms interest
Private equity firm KKR on Tuesday said it does not intend to make an offer for troubled NMC Health but Italian-backed GKSD Investment Holding confirmed it could bid.
IKEA brand owner appoints Abrahamsson Ring as CEO
Inter IKEA Group has appointed Jon Abrahamsson Ring as CEO from September, as the owner of the world’s biggest furniture brand battles to adapt to new shopping habits and the rise of online rivals.
Oil rises from 13-month low as new virus cases slow
Oil gained more than 1% on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some concern over the potential for lengthy oil demand destruction.
Exclusive: Deutsche Bank taps U.S. tech companies for makeover – sources
Deutsche Bank has invited bids from Microsoft, Google and Amazon to overhaul the German bank’s outdated and fragmented technology networks, people with knowledge of the matter said.
Small Hong Kong businesses count the cost of coronavirus
As the spread of coronavirus sends jitters across Hong Kong, usually bustling shopping malls, restaurants and retailers are deserted, leaving some small business owners contemplating their future in the global financial hub.
Merkel’s conservatives set to stop short of Huawei 5G ban in Germany
Lawmakers from Chancellor Angela Merkel’s conservative party are set on Tuesday to back a strategy paper that stops short of banning China’s Huawei from taking part in the rollout of Germany’s 5G network.
Daimler’s Mercedes sales drive higher but charges put brakes on profit
Daimler reported its biggest drop in annual profit in a decade on Tuesday, a 64% drop reflecting more than 5 billion euros in charges as well as investment as Mercedes-Benz pushes into electric and hybrid vehicles.
European stocks reach record highs on hopes virus is peaking
European equity markets pushed to record highs on Tuesday as China’s top medical advisor fuelled hopes the coronavirus epidemic may be close to peaking.
Airbus confident can sell more than 1,000 A321XLRs over 10 years
Airbus SE is confident of selling more than 1,000 A321XLR aircraft, a longer-range version of the single-aisle A321neo jetliner, over the next 10 years, a senior executive at the manufacturer said on Tuesday.
