Lloyds Bank fined $81 million for mortgage arrears failures
Britain’s Financial Conduct Authority said on Thursday it has fined Lloyds Bank 64 million pounds ($81.26 million) for failures in handling mortgage arrears....
Unilever plans switch to UK holding company to cut complexity
Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier...
British Airways to put artworks on sale in COVID-19 cash crunch
British Airways will sell at least 10 works of art from its extensive collection, a source said, to try to raise millions of pounds to...
Oil prices hit by record U.S. crude inventories, bearish Fed
Oil prices fell on Thursday, hit by another record build-up in U.S. crude inventories and the U.S. Federal Reserve’s projections that the world’s biggest economy...
How Uber hailed a deal with Grubhub only to let it slip
Uber Technologies Inc CEO Dara Khosrowshahi has spent much of his career deftly negotiating acquisitions. Yet his $6.5 billion all-stock bid for Grubhub Inc ended...
Nokia names new finance chief in management revamp
Finnish telecoms equipment maker Nokia named a new finance chief on Thursday, completing an overhaul of its top executive team as it battles rivals Ericsson...
Nokia to replace CFO in management revamp
Finnish telecoms network maker Nokia said on Thursday it has appointed Marco Wiren as chief financial officer following changes of its chairman and chief executive...
Tesla wins China approval to build Model 3 vehicles with LFP batteries: ministry
Tesla Inc has received government approval to build Model 3 vehicles in China equipped with lithium iron phosphate (LFP) batteries, a document on Ministry of...
U.S. EPA orders Amazon, eBay to stop selling unsafe COVID-19 products: Bloomberg
E-commerce companies Amazon Inc and eBay Inc have been instructed by the U.S. Environmental Protection Agency (EPA) to stop selling unproven or unsafe disinfectants, including...
Heathrow starts voluntary redundancy scheme, can’t rule out more job losses
Britain’s Heathrow Airport, which before the coronavirus pandemic was the busiest in Europe, said it had started a voluntary redundancy scheme after passenger numbers fell...