Lidl to spend $19 billion over five years with British suppliers
German-owned discount supermarket Lidl GB has vowed to spend 15 billion pounds ($19 billion) with British suppliers over the next five years, committing to increase...
Oil slips further below $59 on weaker economic outlook
Oil slipped further below $59 a barrel on Wednesday, pressured by concerns about weaker demand for fuel due to slower economic growth and forecasts of...
Markets falter as Brexit approaches its endgame
European equities opened lower and sterling came off five-month highs on Wednesday as the European Union and Britain resumed talks in Brussels to avert a...
CEO of Germany’s Ceconomy on way out: sources
The chief executive of struggling German consumer electronics chain Ceconomy is set to be removed after only a few months in the job due to...
Undercover entrepreneurs: fearful Mexican tech startups shun spotlight
In Mexico’s burgeoning startup scene, publicity is the last thing many entrepreneurs want....
Skoda Auto reports 2.7% drop in deliveries in first nine months
Skoda Auto’s global deliveries dropped 2.7% to 913,700 cars in the first nine months compared with the same period last year, the subsidiary of Germany’s...
Signify to buy U.S. firm Cooper Lighting for $1.4 billion
Signify , the Dutch-based lighting company, has agreed to buy U.S. firm Cooper Lighting Solutions from Eaton Corp. for $1.4 billion in cash to boost...
U.S. ‘deeply concerned’ about untrackable China ships carrying Iran oil: officials
The White House is warning Chinese shipping companies against turning off their ships’ transponders to hide Iranian oil shipments in violation of U.S. sanctions, two...
Shares of Turkey’s Halkbank plunge after U.S. charges
Shares of Turkey’s Halkbank plunged as much 7% on Wednesday, despite a ban on short selling, after U.S. prosecutors charged the state-owned lender with taking...
Latitude CEO disappointed KKR pulled IPO due to low price
Private equity giant KKR & Co and its partners canceled what was to be Australia’s biggest listing of the year, lender Latitude Financial, because investors...