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Investors gird for more bad news from European banks

LONDON: Investors are girding for another batch of bad news from Europe’s biggest banks when they start reporting fourth-quarter earnings, with shrinking margins, rising loan impairments, lackluster trading revenue and one-off tax charges making for a toxic mix.


Toys “R” Us to shut a fifth of its US stores

BENGALURU: Toys “R” Us Inc said on Tuesday it would shut about one-fifth of its stores in the United States in the coming months, as the toy store chain tries to emerge from one of the largest ever bankruptcies by a specialty retailer.


Telekom CEO calls on Merkel to counter threats

BERLIN: Companies from Deutsche Telekom AG to Facebook Inc have called on Germany to overhaul its technology policy to avoid being left behind by other countries.


Noto’s bittersweet departure

SAN FRANCISCO: Twitter Inc’s executives gathered from around the world this week at its offices in New York’s Chelsea neighborhood to discuss the state of the company, goals for the year, and management’s broader ambitions.


EcoWorld group targets RM6bil sales for FY18

KUALA LUMPUR: The EcoWorld group is targeting sales of RM6bil for financial year 2018 (FY18). Of this, Eco World Development Group Bhd (EcoWorld Malaysia) is expected to contribute RM3.5bil from its projects in Malaysia while Eco World International Bhd (EcoWorld International) will contribute the remaining RM2.5bil.

Corporate News

SEC investigating GE charge; company posts US$10bil loss

NEW YORK: U.S. securities regulators are probing a massive insurance charge recently announced by General Electric Co , the latest blow to the nation's largest industrial conglomerate as it struggles to reverse steep declines in some of its units and is looking to sell off $20 billion of assets.


Unilever and consumer rivals raise bets on Nigeria

LAGOS: With Africa's most populous country out of recession, and the wider region on the path to growth, the world's consumer goods companies are looking to cash in.


England women's coach Phil Neville apologises for controversial tweets

(Reuters) - New England women's head coach Phil Neville apologised on Wednesday for controversial comments he had made in the past on social media about women.


Google outspends tech rivals on Washington lobbying in 2017

Alphabet Inc’s Google outspent its tech rivals in lobbying in 2017, as Facebook Inc, Inc and Apple Inc set company records for the year, federal disclosures show.


Uber CEO says relationship with ex-chief Kalanick ‘fine but strained’

Uber chief executive Dara Khosrowshahi said the ride-hailing company's relationship with former chief Travis Kalanick was "fine but strained".