Barclays labels Staveley lawsuit ‘distorted and exaggerated’
Barclays has dismissed as “distorted and exaggerated” legal arguments by financier Amanda Staveley, who is claiming up to 1.5 billion pounds in damages for alleged...
Exclusive: Savings surge forces Goldman to shut Marcus to new UK clients
Goldman Sachs is closing its easy access savings business to new customers in Britain from Wednesday after deposits surged near to regulatory limits during the...
Oil steady as renewed demand fears face production curbs
Oil prices were little changed on Tuesday, as traders said concerns about a resurgence in coronavirus cases offset recent commitments from major oil producers to...
Macy’s says return to normal business at least a year away
Macy’s Inc warned on Tuesday its business was not likely to return to normal until late next year, even as it saw better-than-expected sales from...
EU weighs single bid for WTO job; trade chief Hogan confirms interest
European Trade Commissioner Phil Hogan confirmed on Tuesday that he was considering a bid to become the next director-general of the World Trade Organization, as...
U.S. layoffs abate; job openings plunge
Layoffs in the United States fell in April, but remained the second highest on record, while job openings dropped, suggesting the labor market could take...
Boeing jet deliveries sink to just four in May
Boeing Co deliveries worsened even further in May compared to April as the coronavirus pandemic’s crushing impact on airlines added to a year of crisis...
Volkswagen CEO apologised after row with supervisory board
Volkswagen Chief Executive Herbert Diess apologised to the company’s supervisory board for having made “inappropriate and wrong” statements at an internal event, the carmaker said...
Airlines heading for $84 billion loss this year: IATA
Airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half to mark the worst year in the sector’s history, the...
Volkswagen CEO apologised to supervisory board for ‘inappropriate’ remarks
Volkswagen Chief Executive Herbert Diess apologised to the company’s supervisory board for having made “inappropriate and wrong” statements at an internal event, the carmaker said...