Markets

Deutsche Telekom boss Tim Hoettges has his sights on becoming market leader in the United States, setting a high bar for U.S. unit T-Mobile after its US$23 billion takeover of Sprint.

France's top administrative court upheld a 50 million-euro fine (US$56 million) imposed last year on Alphabet's Google for breaching European Union online privacy rules, it said on Friday.

The U.S. current account deficit dipped to a near two-year low in the first quarter as the COVID-19 pandemic restricted the flow of goods and services.

It would be wrong for Germany to impose blanket bans on foreign vendors of telecoms network equipment, Deutsche Telekom CEO Tim Hoettges said on Friday, in an answer to a question about China's Huawei Technologies.

SINGAPORE: There is a potential global phishing campaign purporting to help businesses during the COVID-19 pandemic – and Singapore is reportedly among the six countries targeted, the Singapore Computer Emergency Response Team (SingCERT) said on Friday (Jun 19). The bogus campaign will be centred ...

Piraeus Bank has hired JPMorgan and UBS to sell two portfolios of soured loans worth about 7 billion euros as it scrambles to clean up its balance sheet and tackle a new debt crisis triggered by the novel coronavirus, sources told Reuters.

French carmaker Renault has not asked for European Union's stringent carbon emission reduction goals to be pushed back in spite of the coronavirus crisis, Chairman Jean-Dominique Senard said on Friday.

Daimler on Friday said it had put on hold a development alliance in the area of automated driving between its luxury brand and rival German luxury carmaker BMW .

Volkswagen is in talks with rival carmakers about developing an operating system for the car of the future, Christian Senger, its board member responsible for digital services and software, said.

Volkswagen is in talks with rival carmakers about developing an operating system for the car of the future, Christian Senger, its board member responsible for digital services and software, said.