Markets

FRANKFURT AM MAIN: Britain will have to "accept the consequences" of having weaker economic ties with the European Union because of Brexit, German Chancellor Angela Merkel said Saturday (Jun 27). Merkel hardened the tone from Berlin as Germany and its EU partners strive to draw up an agreement on...

Global retail giant Amazon and Japanese SoftBank have made approaches to Russian conglomerate Sistema about a possible acquisition of its online retailer Ozon, Sistema's majority owner Vladimir Evtushenkov said on Saturday.

Chinese ride-hailing giant Didi Chuxing, backed by SoftBank Group, launched a test robotaxi service in a Shanghai suburb on Saturday after installing V2X (Vehicle to Everything) hardware throughout the area.

Swiss drugmaker Roche is unable to meet demand for molecular tests to identify active COVID-19 infections, its chairman told Swiss daily Tagesanzeiger.

KUALA LUMPUR: Malaysian palm plantations have urged the government to let foreign workers return, warning of severe damage to the palm-oil industry if it is not granted an exemption from a hiring freeze. The Malaysian Estate Owners' Association implored the government in a statement on Friday (Jun ...

Telegram Group Inc has agreed to return US$1.2 billion (£972.84 million) to investors and pay an US$18.5 million civil penalty to resolve charges over an unregistered digital token coin offering, the US Securities and Exchange Commission (SEC) said on Friday (Jun 26).

Luckin Coffee, a Starbucks rival in China, said Saturday it will delist from the Nasdaq following a massive fraud scandal that sent its share price plummeting.

U.S.-based Carlyle Group Inc has agreed to buy a 20per cent stake in India's Piramal Enterprises Ltd's pharmaceutical businesses for about US$490 million, the companies said in a statement on Saturday.

Delta Air Lines said late on Friday it will soon send warning notices to about 2,500 pilots regarding possible furloughs at the airline, as the industry takes a huge blow after the coronavirus pandemic slashed air travel demand.

Four major automakers will not take a position on legal challenges to the Trump administration's decision to dramatically weaken Obama-era fuel economy standards but want to weigh in on any court fix, according to a document seen by Reuters.