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Volkswagen unit signs merger deal
BENGALURU: Volkswagen AG’s truck unit Traton SE said on Saturday it had signed a merger agreement with US truck maker Navistar International Corp in a deal that would extend its reach into North America.
Investors celebrate Biden winning US presidency
NEW YORK: Investors and financial executives took a big sigh of relief on Saturday after major networks declared Democrat Joe Biden winner of the U.S. presidential election, offering some certainty after days of conflicting reports about who might run the White House next term.
UK small businesses struggle to stay afloat lockdown
LONDON: Business has been tough for Mandy Yin, chef and owner of a Malaysian restaurant and takeaway in London, since she tentatively reopened in June after being forced to shut down for two months during Britain’s first national coronavirus lockdown.
ANALYSIS-Wall Street worries tight U.S. election clouds pandemic fight, stimulus
NEW YORK: With the U.S. presidential election result a nail-biter, bankers, traders and financial analysts on Wednesday said Wall Street was worried the ultimate presidential winner could struggle to work with a divided Congress to fight the coronavirus pandemic and pass a quick economic stimulus package.
Insight - Jack Ma’s blunt words just cost him US$35bil
Apart from labelling the global banking Basel Accords as an “old people’s club, ” Ma said “systemic risk” is not the issue in China. Rather, China’s biggest risk is that it “lacks a financial ecosystem.”
Here’s how Ant can rise again after $35b IPO suspension
ANT Group Co. will survive the 11th-hour suspension of its blockbuster $35 billion listing in Shanghai and Hong Kong if the company can learn from its technology peers.
China slams the brakes on Ant Group's US$37bil listing (updated)
HONG KONG/NEW YORK: China suspended Ant Group's US$37 billion listing on Tuesday, thwarting the world's largest stock market debut with just days to go in a dramatic blow to the financial technology firm founded by billionaire Jack Ma.
Star Exclusive - The road to recovery gets bumpier
THE already bumpy road to economic recovery may turn bumpier as the headwinds blow harder. The resurgence of Covid-19 cases is threatening the country’s path to recovery, raising concerns over the survival of businesses and the people’s willingness to spend.
A defining week ahead with US election, budget
NEXT week will be a busy week with the focus on the United States presidential election, which takes place on Tuesday, with heavy expectations that Democratic candidate Joe Biden will emerge winner with a convincing victory over the 45th US president, Donald Trump.
Volkswagen sees car sales rebounding in China
WOLFSBURG: Volkswagen AG (VW) returned to a profit in the third quarter, mirroring upbeat results of peers including Daimler AG and Tesla Inc as robust demand in China helped the car industry navigate the fallout from the Covid-19 pandemic.
