On the night of June 18, Wirecard AG’s new compliance chief stayed up late at his office in the company’s low-rise headquarters in the Munich suburb of Aschheim to pore over the payment firm’s books. FRANKFURT: On the night of Jun 18, Wirecard AG’s new compliance chief stayed up late […]
Business
Japan’s Fast Retailing Co , owner of casual clothing brand Uniqlo, lowered its outlook for the year as the coronavirus pandemic wreaked havoc on its global fashion business. TOKYO: Japan’s Fast Retailing Co , owner of casual clothing brand Uniqlo, lowered its outlook for the year as the coronavirus pandemic […]
Samsung executive vice president Woojune Kim said the company was in active commercial discussions with European operators to supply network equipment, and was investing its resources in 4G, 5G and 6G rather than legacy technology. LONDON: Samsung executive vice president Woojune Kim said the company was in active commercial discussions […]
Vodafone and BT said they would need a minimum of five years to remove equipment made by Huawei from their British networks, with Vodafone putting the cost of doing so in the “single figure billions” of pounds range. LONDON: Vodafone and BT said they would need a minimum of five […]
U.S. companies are preparing to open their books on a quarter that is set to show the biggest earnings fall since the financial crisis, leaving investors looking for light at the end of the tunnel. NEW YORK: U.S. companies are preparing to open their books on a quarter that is […]
Shares in SAP jumped 7per cent on Thursday to the top of Germany’s blue-chip index after the software maker confirmed its outlook and said its quarterly business activity recovered from the effects of a global lockdown faster than expected. FRANKFURT: Shares in SAP jumped 7per cent on Thursday to the […]
PRAGUE: When Dunia Skaunicova graduated in media marketing from Prague’s Metropolitan university she quickly found a dream first job at a startup in the Czech capital, where companies were fighting to snap up multi-lingual graduates. Months later, however, she suddenly found herself back looking for work after losing her job […]
KUALA LUMPUR: Malaysian budget carrier AirAsia on Thursday (Jul 9) said it was in talks to secure financing of more than 1 billion ringgit (US$235 million), a day after its auditor cast doubt on its ability to continue as a going concern due to the coronavirus-led travel slump. “We have […]
Newcastle United’s 5-0 thumping by Manchester City on Wednesday is not an indication they have downed tools since securing Premier League survival, manager Steve Bruce has said. REUTERS: Newcastle United’s 5-0 thumping by Manchester City on Wednesday is not an indication they have downed tools since securing Premier League survival, […]
SHANGHAI: United States electric vehicle maker Tesla is “very close” to achieving level five autonomous driving technology, chief executive Elon Musk said on Thursday (Jul 9), referring to the capability to navigate roads without any driver input. “I’m extremely confident that level five or essentially complete autonomy will happen and […]