U.S.-Israeli media magnate Haim Saban on Monday said he would give up control in Israeli mobile phone operator Partner Communications after failing to secure better terms on a loan he used to pay for the stake.
3 weeks 4 days ago
Factbox: Who loses and who gains from the demise of Thomas Cook?
The world's oldest travel firm Thomas Cook collapsed on Monday, stranding more than half a million holidaymakers around the globe and sparking the largest peacetime repatriation effort in British history.
3 weeks 4 days ago
Hyundai Motor Group, Aptiv to set up $4 billion self-driving car JV
Hyundai Motor Group will invest $1.6 billion in a joint venture to develop self-driving vehicle technologies with Aptiv , the biggest overseas investment by the South Korean carmaker to catch up to rivals in the autonomous car market.
3 weeks 4 days ago
Credit Suisse's Thiam, Rohner blast reports of Khan incident as sensational
Credit Suisse Chief Executive Tidjane Thiam and Chairman Urs Rohner said on Monday a detailed inquiry is under way into an incident involving ex-employee Iqbal Khan and blasted media reports as having "sensationalized both facts and events".
3 weeks 4 days ago
Oil falls below $64 on prospects for Saudi output restart, economic concerns
Oil fell below $64 a barrel on Monday, reversing an earlier gain, pressured by the prospect of a faster-than-expected full restoration of Saudi oil output and by fresh signs of European economic weakness.
3 weeks 4 days ago
Factbox: Countries' different reactions to Thomas Cook bankruptcy
British travel operator Thomas Cook ran hotels, resorts and airlines ferrying 19 million people a year to 16 different countries. It currently has 600,000 people abroad, forcing governments and insurance companies to coordinate a huge operation to bring them all home.
3 weeks 4 days ago
Hundreds of thousands stranded after British travel firm Thomas Cook collapses
Hundreds of thousands of holidaymakers were stranded on Monday by the collapse of the world's oldest travel firm Thomas Cook , sparking the largest peacetime repatriation effort in British history.
3 weeks 4 days ago
Thomas Cook shareholder says firm to be sold as whole or in parts
Thomas Cook will be sold as a whole or in parts after its collapse, the company's second-largest shareholder said on Monday, adding he would see what is offered before deciding whether to buy more assets.
3 weeks 4 days ago
Exclusive: Boeing bid for Embraer unit faces EU antitrust probe - sources
Boeing is set to face an EU antitrust investigation of up to five months into its bid for a controlling stake in the commercial aircraft arm of Brazil's Embraer, people familiar with the matter said on Monday.