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3 weeks 4 days ago

Saban says to give up controlling stake in Israel's Partner Communications

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.

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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.

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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.

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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".

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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.

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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.

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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.

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3 weeks 4 days ago

Thomas Cook operator in Egypt says 25,000 bookings canceled: statement

Thomas Cook operator Blue Sky Group said on Monday that 25,000 reservations in Egypt booked up to April 2020 had been canceled.

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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.

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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.

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