Business News

MILAN – Shipping group MSC and airline Lufthansa are interested in buying a majority stake in Alitalia’s successor, ITA Airways, despite the airline’s history of failed privatisations and 170 million …

SINGAPORE – HSBC said on Monday it has appointed Luanne Lim as the chief executive officer of its Hong Kong business, its biggest market, as the Asia-focussed bank looks to …

– Rio Tinto said on Monday it has agreed a heritage protection plan with an Indigenous group for a project in West Australia as it looks to avoid a repeat …

SHANGHAI – Standard Chartered Bank (Hong Kong) Ltd said on Monday that it has become the first foreign bank qualified as a direct participant in China’s Cross-border Interbank Payment System …

By William Schomberg LONDON – British employers expect to raise staff pay by the most in at least nine years but the 3% wage deals for workers would still be …

By Nupur Anand, Aftab Ahmed and Sudarshan Varadhan NEW DELHI – State-run Life Insurance Corporation of India (LIC) has filed draft papers with the market regulator to sell 5% of …

By A. Ananthalakshmi KUALA LUMPUR – Ten former workers from Dyson’s biggest parts supplier, Malaysian firm ATA IMS, are claiming compensation from the home appliance maker over poor working and …

By Abhirup Roy MUMBAI – The former head of India’s largest stock exchange shared confidential information with a yogi and sought his advice on crucial decisions, a probe by the …

– Being too “abrupt and aggressive” with interest rate increases could be counter-productive to the Federal Reserve’s goals, San Francisco Federal Reserve Bank President Mary Daly said on Sunday, signaling …

By Hadeel Al Sayegh and Moataz Mohamed DUBAI -Saudi Arabia’s Crown Prince Mohammed bin Salman has transferred 4% of Saudi Aramco shares worth $80 billion to the kingdom’s sovereign wealth …

AMSTERDAM – Just Eat Takeaway.com CEO Jitse Groen said on Sunday the company’s decision to de-list its shares from the Nasdaq stock exchange should not be taken as an indication …

MILAN – An agreement between the Rome government and Stellantis for the carmaker’s planned battery plant in Termoli, southern Italy, will be signed shortly, Industry Minister Giancarlo Giorgetti was quoted …

By Nidhi Verma NEW DELHI – India’s federal investigation agency has filed a police complaint against ABG Shipyard Ltd and its promoters accusing it of defrauding banks of 228.42 billion …

WASHINGTON – Credit Suisse Group AG entities, among six defendants in a lawsuit originally filed by Iowa Public Employees Retirement System and other retirement associations, has agreed to pay $81 …

By Elizabeth Howcroft LONDON -The platform which sold an NFT of Jack Dorsey’s first tweet for $2.9 million has halted most transactions because people were selling tokens of content that …

By Sinéad Carew and Devik Jain NEW YORK -Geopolitical worries have added another layer of volatility to an already-jumpy market as investors priced in the possibility of escalating conflict between …

By Francesca Landini PARMA, Italy -The European Central Bank (ECB) will keep a flexible approach as it unwinds its ultra-expansionary monetary policy, monitoring not only inflation threats but also risks …

PARMA, Italy – Banco BPM is focused on growth opportunities as a standalone lender, the head of Italy’s third-largest bank said on Saturday, a day after renewed speculation that larger …

NEW YORK – The New York Stock Exchange is withdrawing its mask mandate for fully vaccinated people effective immediately, a source said on Friday, after several large U.S. banks also …

By Nidhi Verma NEW DELHI – India’s Reliance Industries Ltd plans to produce blue hydrogen at a “competitive cost” of about $1.2-$1.5 per kg as it repurposes its $4-billion gasification …

The Biden administration will invest nearly $3 billion to fund domestic battery manufacturing projects in the coming months, the Department of Energy announced Friday. The federal government issued two notices …

BRIDGETON, NJ – In the deep south of New Jersey lies a small town called Bridgeton, population 25,000. In 2016, a waitress from a Bridgeton restaurant claimed a city cop, …

By Bansari Mayur Kamdar and Noel Randewich – Wall Street stocks ended sharply lower on Friday for the second straight session, as investors fretted about deepening tensions between Russia and …

FRANKFURT – Volkswagen’s supercar brand Lamborghini is looking to keep combustion engine vehicles alive beyond the end of the decade, the unit’s Chief Executive Stephan Winkelmann told a German weekly …

-Network gear maker Cisco Systems Inc has made a takeover offer worth more than $20 billion for software maker Splunk Inc, the Wall Street Journal reported on Friday, citing people …