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Vodafone names Heineken's Van Boxmeer as new chairman

Vodafone , the world's second-biggest mobile operator, has recruited Jean-Francois Van Boxmeer, the current CEO of brewer Heineken , to succeed Gerard Kleisterlee as chairman from November this year.



5 years ago

Renault could disappear and must adapt: French finance minister

Renault could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, France's Finance Minister Bruno Le Maire said on Friday, while adding the carmaker also needed to adapt to the situation.



5 years ago

Banks pursue Luckin Coffee chairman's assets after loan default

The banks that lent $518 million to Luckin Coffee Chairman Charles Zhengyao Lu have started court proceedings to liquidate his private company, a government gazette for the British Virgin Islands showed.



5 years ago

Oil prices drop as China-U.S. tensions grow, Beijing fails to set economic growth target

Oil prices fell on Friday as tensions rose between the U.S. and China and as Beijing failed to set target for economic growth this year, stoking concern that the coronavirus pandemic will overshadow fuel demand in the world's second-largest oil user.



5 years ago

Tensions over Hong Kong unnerve world stocks, oil tumbles

World stocks took a hit on Friday as China moved to impose a new security law on Hong Kong after last year's pro-democracy unrest, further straining fast-deteriorating U.S.-China ties.



5 years ago

Oil drops over 5% on China-U.S. tensions, demand doubts

Oil fell over 5% on Friday towards $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis.



5 years ago

EasyJet chairman says proxy votes show founder lost key challenge

EasyJet said founder Stelios Haji-Ioannou had failed in his attempt to oust the CEO, chairman, CFO and another director, preliminary results of a shareholder vote showed.



5 years ago

China's Geely to explore deeper cooperation with Daimler: chairman

China's Geely will explore the possibility of deeper cooperation with German luxury automaker Daimler AG , its Chairman Li Shufu said on Friday.



5 years ago

Ryanair's Lauda airline to close Vienna base, 300 jobs to go

Ryanair's Austrian airline Lauda on Friday said it would shut down its main Vienna base on May 29 with the loss of more than 300 jobs in Austria after it did not manage to agree new labour contracts with the union.



5 years ago

Amazon to hire 50,000 temp workers in India as lockdown boosts demand

Amazon.com Inc's India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdown to fight the coronavirus outbreak.



5 years ago

Futures retreat as Sino-U.S. tensions simmer

U.S. stock index futures retreated on Friday as growing tensions between Washington and Beijing added to fears of a slower recovery from a coronavirus-led recession.



5 years ago

Hong Kong tensions unnerve world stocks, oil tumbles

World stocks took a hit and the Chinese yuan weakened on Friday as Beijing moved to impose a new security law on Hong Kong after last year's pro-democracy unrest, further straining fast-deteriorating U.S.-China ties.



5 years ago

Deere profit slumps 41% as farm equipment demand crashes

Deere & Co reported a 41% fall in quarterly profit on Friday as coronavirus-led lockdowns sapped demand for its tractors, harvesters and other machinery.



5 years ago

Cabin crew union demands Lufthansa bailout safeguards jobs

Germany's airline cabin crew union called on Friday for Berlin to include measures to safeguard jobs in the bailout package which is being finalised for airline Lufthansa .



5 years ago

U.S. shale bust slams rural economies as oil checks shrivel

Royalties from oil pumped on Paul Ruckman's land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had plenty left over, and donated some of it to Helena, Texas, an 1800s ghost town that draws hundreds to historic buildings and gunfight re-enactments.



5 years ago