Imperial Brands is withdrawing from the premium cigar business to focus on vaping, with a 1.23 billion euro ($1.33 billion) sale of hand-rolled makes including Cohiba and Montecristo which will help it pay down debt.
Chinese e-commerce giant Alibaba Group Holding Ltd has demoted Jiang Fan, one of its most senior executives, after an internal investigation into allegations of improper behaviour, according to a person familiar with the matter.
Chinese e-commerce giant Alibaba Group Holding Ltd has demoted Jiang Fan, one of its most senior executives, after an internal investigation into allegations of improper behaviour, according to a person familiar with the matter. Alibaba removed Jiang, who oversaw the company’s main online shopping divisions, from a partnership of 38 people, which appoints some Alibaba board members. It also demoted him to group vice president from group senior vice president, said the person, who asked not to be identified discussing internal matters. …read more […]
Stock markets rallied on Monday as investors cheered news more countries were easing lockdowns and the Bank of Japan expanded stimulus to cushion the impact of the coronavirus, though the oil price took another tumble with storage running out.
U.S. banks were girding on Monday for another chaotic dash to grab $310 billion in fresh small business aid due to be released by the government on Monday, after it changed some of the rules of the first-come-first-served scheme at the 11th hour.
The Small Business Administration (SBA) on Monday will release $310 billion in funds for the second round of its program that aims to help small businesses hurt by the novel coronavirus disruption to cover their payroll costs.
The German government should support Lufthansa as it tackles the coronavirus crisis but the flagship carrier should not be nationalised, Bavarian State Premier Markus Soeder said on Monday. “Lufthansa should not be nationalised,” said Soeder – head of the Christian Social Union (CSU), sister party to Chancellor Angela Merkel’s Christian Democrats (CDU). …read more […]
The German government should support Lufthansa as it tackles the coronavirus crisis but the flagship carrier should not be nationalised, Bavarian State Premier Markus Soeder said on Monday.
Apple is forging ahead with plans to release four new iPhone models later this year, the report added citing sources. The Nikkei had reported https://asia.nikkei.com/Spotlight/Coronavirus/Apple-weighs-delaying-5G-iPhone-launch-by-months-sources-say in late March that Apple was preparing to possibly delay the launch of its first 5G iPhones. The WSJ report on Monday added that Apple was slashing the number of handsets that it plans to make in the second half of this year by as much as 20%. …read more […]
U.S. stock index futures rose on Monday as more states looked set to lift coronavirus-induced curbs, with investors also turning to quarterly earnings reports from marquee companies including Apple and Microsoft later this week.
Adidas warned of an even deeper hit to second-quarter sales and profits from coronavirus lockdowns after the German sportswear firm reported worse-than-expected first-quarter results and said it had not yet seen a full rebound in China.
The U.S. and other countries start easing lockdown restrictions amid fears of new infections, supply chain disruptions force farmers to destroy their crops, and Boris Johnson returns to work. WSJ’s Shelby Holliday has the latest on the pandemic. Photo: Bryan Terry/AP …read more […]
What in the world are investors thinking right now? The coronavirus is crippling the global economy. And you can’t stay healthy by simply betting on five big-cap tech stocks. …read more […]
U.S. chipmaker Broadcom has offered to settle an EU antitrust investigation into its exclusivity deals with TV and modem makers, EU antitrust regulators said on Monday, a move that would stave off a possible hefty fine.
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