Business News

By Toby Sterling AMSTERDAM – Venture capitalists have invested billions of dollars in fast grocery delivery services such as Turkey’s Getir and Germany’s Gorillas and Flink, in a race to …

By David Shepardson WASHINGTON -The U.S. Transportation Department said on Friday it was offering $69 million to 127 aviation manufacturing and repair businesses under a COVID-19 relief program created by Congress in 2021. …

By Shivansh Tiwary – Auto parts maker Magna International Inc said on Friday disruptions at the Ambassador bridge caused by Canadian trucker protests against coronavirus mandates have started to have …

By Svea Herbst-Bayliss BOSTON – US Foods Holding Corp said on Friday it has split its chief executive officer and chairman roles after coming under pressure from an activist investment …

By Chen Lin and Jamie Freed SINGAPORE – The Asia-Pacific aviation industry’s slow recovery from the pandemic amid government restrictions will cast a shadow over the Singapore Airshow next week, …

– The U.S. Senate banking committee will hold a vote on advancing the nominations of a slate of nominees to the Federal Reserve on Tuesday Feb. 15, it said on …

ZURICH -The Swiss Trade Union Federation (SGB) decided on Friday to launch a campaign for a referendum on tapping into the Swiss National Bank’s cash pile to help shore up …

-Shares of Zillow Group Inc rose 13% on Friday after the online real estate firm’s fourth-quarter revenue handily beat estimates, helped by a strong performance at its home segment. The …

– Online real estate platform Zillow Group Inc is selling more properties to New York-based investment firm Pretium Partners as it exits the business of flipping houses, Bloomberg News reported …

By Anne Kauranen HELSINKI -Finnair will remain a stand-alone airline and stick to its Asia-focused strategy while adding new routes to the United States, Chief Executive Topi Manner said on …

FRANKFURT -Germany and Austria should curb a boom in house prices by setting caps on mortgages and forcing banks to build up more capital, the European Union’s financial stability watchdog …

– U.S. equity funds lured massive inflows in the week to Feb. 9 as upbeat earnings reports and signs of easing tensions in Ukraine boosted risk appetite. Refinitiv data showed …

By Aditi Shah NEW DELHI – Ford Motor Co said on Friday it is considering producing electric vehicles (EVs) in India for export, and possibly for sale in the domestic …

By Clara Denina and Helen Reid LONDON/JOHANNESBURG – The incoming chairman of Rio Tinto will review the position of CEO Jakob Stausholm to determine whether he is suitable to lead …

By Victoria Waldersee BERLIN – BMW will pay 3.7 billion euros ($4.2 billion) to take majority control of its Chinese joint venture after securing the necessary licence from Beijing, as …

By Mark John – Signs are growing that a global supply chain crisis which has confounded central bank inflation forecasts, stunted economic recoveries and compressed corporate margins could finally start …

By David French NEW YORK – MetLife Inc is exploring the divestment of its U.S. variable annuity book as it seeks to free up resources to invest in higher-growth parts …

– Global equity funds drew massive inflows in the seven days to Feb. 9 as investors cheered strong earnings results from U.S. and European companies, shrugging off concerns over a …

LONDON -British American Tobacco on Friday reported a 7% rise in full-year adjusted revenue to 25.7 billion pounds ($34.8 billion), helped by sales of e-cigarettes and oral nicotine. The world’s …

By Elvira Pollina MILAN – The board of Telecom Italia (TIM) will discuss the group’s overhaul on Monday as newly appointed chief executive Pietro Labriola strives to forge an alternative …

By Victoria Waldersee BERLIN – Mercedes-Benz Cars & Vans expects an adjusted earnings before interest and taxes (EBIT) of 14 billion euros ($15.9 billion) in 2021 and sees supply chain …

By Helen Reid JOHANNESBURG – France’s Renault and U.S. carmaker Rivian have backed a moratorium on deep-sea mining and will exclude seabed metals from their supply chains in a blow …

By Aditi Shah NEW DELHI – Ford Motor Co, Suzuki Motor Corp and Hyundai Motor are among 20 companies that will be eligible for incentives under India’s $3.5 billion scheme …

BERLIN – Mercedes-Benz expects raw material prices and semiconductor shortages to continue to prevent it from meeting strong market demand for its products this year, the carmaker’s Chief Financial Officer …

By Danielle Kaye NEW YORK – Peloton Interactive Inc’s star trainers are proving to be just as valuable as its stationary bikes to help the company survive after the pandemic. …