U.S. housing starts fall; building permits near 13-year high
U.S. homebuilding fell less than expected in January while permits surged to a near 13-year high, pointing to sustained housing market strength amid lower mortgage...
Kuwaiti parliament to investigate Airbus aircraft orders
Kuwaiti lawmakers agreed on Wednesday to set up a committee to look into whether Airbus’s aircraft orders from the Gulf Arab state involved alleged corruption,...
Qatar Airways spends $600 million to lift stake in BA owner to 25%
Qatar Airways has bought a $600 million stake in British Airways-owner IAG to increase its holding to 25.1%, strengthening its position ahead of a change...
Oil up on slowing pace of coronavirus, Venezuela sanctions
Oil prices rose on Wednesday, with Brent gaining for a seventh straight day, after a slowing of new coronavirus cases in China eased demand worries...
BlackRock bolsters European management as part of regional expansion: memo
BlackRock , the world’s biggest asset manager, has appointed two executives to oversee its operations in continental Europe as part of efforts to expand in...
China stimulus hints, slowing spread of virus lift stocks
A decline in the number of new coronavirus cases in China and mounting expectations for more policy stimulus boosted global stock markets on Wednesday, helping...
Hyundai Motor chairman to give up board seat as succession looms
Hyundai Motor Group Chairman Mong-Koo Chung plans to give up his board seat, in the latest sign that the octogenarian patriarch of South Korea’s second-largest...
General Motors to lay off all 1,500 plant workers in Thailand following sale
General Motors will begin laying off around 1,500 employees in Thailand in June, after announcing the sale of its production plants in the country, a...
Adidas’ China business activity falls 85% due to coronavirus
German sportswear maker Adidas said on Wednesday that business in the Greater China area had dropped by about 85% year-on-year as the coronavirus outbreak has...
Exclusive: Vodafone, Telecom Italia offer rivals access to some sites to ease EU concerns – EU paper
Vodafone and Telekom Italia have offered to allow rivals access to sites in some cities for up to nine years, a proposal aimed at allaying...