Business News

By Luc Cohen NEW YORK -Jury selection began on Monday in the U.S. corruption trial of a former Goldman Sachs banker accused of helping to launder hundreds of millions of …

By Andrea Shalal and David Lawder WASHINGTON – U.S. officials called on Monday for “concrete action” from China to make good on its commitment to purchase $200 billion in additional …

– European Central Bank President Christine Lagarde has warned of “geopolitical clouds” over the European economy due to possible fall-out from further escalation of tensions between Russia and the West …

Two major U.S. airlines announced Monday that they would merge companies becoming the nation’s fifth-largest airline. Frontier Group Holdings, Inc. agreed to buy Spirit Airlines, Inc. for $2.9 billion in …

ZAGREB – The designer who won a competition last week for creating Croatia’s first one-euro coin said on Monday that he was withdrawing his entry and returning the prize money …

WASHINGTON – The United States and Japan on Monday are set to announce a deal to grant Japanese steelmakers relief from Trump-era U.S. tariffs for a limited amount of steel …

FRANKFURT – Euro zone inflation risks are on the rise but price pressures could still subside before becoming entrenched in expectations, European Central Bank President Christine Lagarde said on Monday. …

By Toby Sterling AMSTERDAM -The Dutch antitrust watchdog on Monday fined apple Apple 5 million euros ($5.72 million) for a third time for failing to allow software application makers in …

By Hadeel Al Sayegh DUBAI -Uber’s Middle East business Careem is looking to hire more than 200 people, according to a company LinkedIn post, as it expands the roll out …

AMSTERDAM – The Dutch antitrust watchdog on Monday fined Apple a further 5 million euros ($5.71 million) for failure to comply with an order to open its app store to …

By Marianna Parraga and Matt Spetalnick HOUSTON/WASHINGTON – The Biden administration is considering a Chevron Corp proposal to allow the U.S. oil major to accept and trade Venezuelan oil cargoes …

– Nissan Motor Co Ltd plans to stop developing new internal combustion engines in all its major markets except the United States and focus on making electric vehicles, the Nikkei …

By Elizabeth Howcroft LONDON – On Jan. 12, an image of a computer-generated pixelated person was sold for about $50.6 million worth of cryptocurrency on a new online marketplace that …

By Supantha Mukherjee STOCKHOLM -Swedish price comparison firm PriceRunner said on Monday it was suing Alphabet-owned Google for about 2.1 billion euros ($2.4 billion), the latest firm to take legal …

(This Feb. 4 story was refiled to change name to Garnry in 15th and 17th paragraph, clarifies designation in 15th paragraph) By Saikat Chatterjee and Danilo Masoni LONDON – Unnerved …

By Makiko Yamazaki TOKYO -Toshiba Corp announced on Monday that it now aims to break up into two companies instead of three, while also unveiling a big boost to planned …

NEW YORK -Bank of America said on Monday its customers made $335 billion in total payments in January, a 17% increase over January 2021. Credit and debit card spending was …

By Svea Herbst-Bayliss BOSTON -Activist investment firm Ortelius Advisors wants to take control of petrochemical products company Trecora Resources’ board and has nominated six directors, according to a letter seen …

By Marwa Rashad LONDON – The threat of disruptions to Europe’s gas supply from Russia, in the event the West imposes sanctions if Russia invades Ukraine, has prompted a debate …

VIENNA – An antitrust court in Austria on Monday approved with conditions Facebook’s purchase of animated images platform Giphy, in a boost for the social media giant after a UK …

By Hannah Lang -A group of major cryptocurrency firms including Coinbase, Circle, Anchorage Digital and Huobi Global are forming a new coalition aimed at cracking down on market manipulation in …

By Brenna Hughes Neghaiwi and Silke Koltrowitz ZURICH – Credit Suisse faced charges in a Swiss court on Monday of allowing an alleged Bulgarian cocaine trafficking gang to launder millions …

– Bumble Inc said on Monday it has bought France’s Fruitz in its first acquisition, as the dating app company tries to strengthen its foothold in Europe, where it plays …

By Huw Jones LONDON – Rapid action is needed to update how cross-border financial services are scrutinised and consumers protected as the sector becomes digitalised with “Big Tech” playing an …

By Julia Love and Helen Coster – With just weeks to go before an expected launch, Donald Trump’s new media venture is trying to strike a delicate balance with its …