27 November

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Britain’s Arcadia could fall into administration next week – Sky News

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LONDON (Reuters) - British fashion group Arcadia, which is controlled by retail businessman Philip Green, is preparing to appoint administrators from Deloitte as soon as next week, Sky News reported on Friday. It cited one retail industry figure as saying Arcadia's collapse had become inevitable after talks with a number of lenders about an emergency 30 million pounds ($40 million) loan ended...

27 November

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Exclusive: Alibaba, Tencent put talks to buy iQIYI stake on hold due to price, regulatory concerns – sources

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By Julie Zhu, Yingzhi Yang, Zhang Yan and Yilei Sun HONG KONG/BEIJING (Reuters) - Alibaba (NYSE:BABA) Group Holding Ltd and Tencent Holdings Ltd (HK:0700) have each held separate talks with Baidu Inc (NASDAQ:BIDU) to acquire a controlling stake in video streaming service iQIYI Inc, people with knowledge of the matter told...

27 November

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U.S. agency opens probe into 115,000 Tesla vehicles over suspension issue

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WASHINGTON (Reuters) - The U.S. National Highway Traffic Safety Administration (NHTSA) on Friday said it had opened an investigation into about 115,0000 Tesla vehicles over front suspension safety issues. The agency said it was opening a preliminary evaluation into 2015-2017 Model S and 2016-2017 Model X vehicles after receiving 43 complaints alleging failure of the left or right front suspension fore links....

27 November

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As Brexit goes down to the line, EU’s Barnier to travel to London

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By Gabriela Baczynska and Guy Faulconbridge BRUSSELS/LONDON (Reuters) - European Union chief negotiator Michel Barnier will travel to London late on Friday in a last-ditch attempt to reach a Brexit trade deal as the two sides try to resolve significant differences over fishing and competition policy. With just five weeks left until the...

27 November

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Euro zone banks far behind on climate disclosure – ECB

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FRANKFURT (Reuters) - Only 3% of the euro zone's top banks disclose all basic information about their exposure to climate-related risk, the European Central Bank said on Friday. "As of yet, virtually none of the institutions in the scope of the assessment would meet a minimum level of disclosures," the ECB said in a report. "Institutions do not yet comprehensively disclose their...

27 November

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Gatwick Airport CEO says demand boosted by UK quarantine changes

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LONDON (Reuters) - The head of Gatwick Airport said a rule change allowing shorter quarantine times in the United Kingdom from mid-December was already boosting travel demand. Stewart Wingate, CEO of Britain's second busiest airport, said that by mid-December when the rule change comes in there would be about 100 flights per day, compared to just four a day during the...

27 November

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Defense to finish pressing Canada police supervisor on Huawei CFO’s arrest

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By Sarah Berman VANCOUVER (Reuters) - Lawyers for Huawei Chief Financial Officer Meng Wanzhou will further press the Canadian police supervisor in charge of her arrest two years ago, as witness testimony in the case to extradite Meng to the United States continues. Defense lawyers are seeking evidence to back their claims that Meng's civil rights were violated in the lead up...

27 November

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German court refers Nokia-Daimler connected car clash to European Court

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By Matthias Inverardi and Douglas Busvine DUESSELDORF/BERLIN (Reuters) - A German court on Thursday referred a patent licensing dispute between Finnish telecoms equipment maker Nokia (HE:NOKIA) and German carmaker Daimler to the European Court of Justice to clarify the law as it applies to supply chains. The Duesseldorf Regional Court said it would suspend proceedings in Nokia's fight against Daimler over royalties...

27 November

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Shares stuck near peaks, U.S. oil futures extend declines

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By Stanley White TOKYO (Reuters) - Asian shares stalled near record highs on Friday as investors weighed renewed doubts about a highly-anticipated coronavirus vaccine against hopes that some of the region's economies will recovery quicker than their Western peers. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.11% but remained with striking distance of a life-time peak touched this week....

27 November

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Funds take over car rental firm Europcar in debt restructuring

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PARIS (Reuters) - Car rental firm Europcar, which has been walloped by the coronavirus pandemic along with the travel sector, said on Thursday its creditors had agreed to shrink its debt load by 1.1 billion euros in exchange for shares and control of the firm. The loss-making French company will receive around...

Меню

Britain’s Arcadia could fall into administration next week – Sky News

Exclusive: Alibaba, Tencent put talks to buy iQIYI stake on hold due to price, regulatory concerns – sources

U.S. agency opens probe into 115,000 Tesla vehicles over suspension issue

As Brexit goes down to the line, EU’s Barnier to travel to London

Euro zone banks far behind on climate disclosure – ECB

Gatwick Airport CEO says demand boosted by UK quarantine changes

Defense to finish pressing Canada police supervisor on Huawei CFO’s arrest

German court refers Nokia-Daimler connected car clash to European Court

Shares stuck near peaks, U.S. oil futures extend declines

Funds take over car rental firm Europcar in debt restructuring

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