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LONDON: Dave Lewis steps down on Wednesday after six years as Tesco chief executive, during which he got Britain's biggest retailer back on track after an accounting crisis, leaving new challenges for his successor Ken Murphy.
Rome: Italy reopens to travellers from Europe on Wednesday, three months after the country went into coronavirus lockdown, with all hopes pinned on reviving the key tourism industry as the summer season begins.
GENEVA: When Indonesia looked for new ways to fund government spending on coronavirus relief last month, the world’s fourth most-populous nation homed in on a driver of the economy that was still healthy: the internet.
LONDON: Britain's biggest retailer Tesco, which is reviewing its operations in Malaysia and Thailand, has completed its exit from China with the 275 million pound (US$357 million) sale of its joint venture stake to state-run partner China Resources Holdings (CRH).
IN a steamy foundry behind a century-old Czech brewery, a mechanical arm pours molten aluminium into a two-story robotic mould. Within seconds, gleaming pump covers for diesel engines roll out for inspection.
MUNICH: Germany’s car industry built its world-class reputation on sedans like the Audi A4, the BMW 5-Series and the Volkswagen Passat, reliable models that look good in the family driveway or company lot. But a shift in consumer taste to more hulking vehicles is coming at the worst possible time.
LONDON: Stores are closing across Europe as consumers shift to e-commerce and discounters barge in. Yet a pair of investors is making an audacious takeover bid for Metro AG, valuing the German chain that sells food and other staples from nondescript warehouses at US$6.6bil.
PARIS: U.S. arms makers say European demand for fighter jets, missile defenses and other weapons is growing fast amid heightened concerns about Russia and Iran.
WASHINGTON: The U.S. State Department allowed at least seven foreign governments to rent luxury condominiums in New York's Trump World Tower in 2017 without approval from Congress, according to documents and people familiar with the leases, a potential violation of the U.S. Constitution's emoluments clause