Business

For nearly six years running British bank Barclays (BARC.L), American Jes Staley built a reputation as a corporate survivor but the former JPMorgan dealmaker could not escape his past. During a tumultuous tenure, Staley, 64, fought off a corporate raider’s attempts to break up the bank, survived a probe into his mistreatment of a whistleblower, […]

Ryanair (RYA.I), is planning to delist from the London Stock Exchange in coming months due to a fall in trading volumes there, executives said on Monday, dealing another blow to London’s status as a global financial center after Brexit. The Irish airline’s move comes after its British shareholders’ voting rights were restricted post-Brexit and follows […]

In a crowded Addis Ababa factory, Finoteselam Nigussie’s needle plunges in-and-out of the gauzy white cloth she deftly guides through a sewing machine. Like thousands of other Ethiopian women, stitching shawls for export to the United States pays the 40-year-old textile worker’s rent and her daughter’s school fees. Now though, Finoteselam’s job is in danger […]

The new editor-in-chief of Germany’s top-selling Bild newspaper, Johannes Boie, whose predecessor was dismissed over his relationships with female staff, has hired two women to serve on the extended editorial board, publisher Axel Springer said on Monday. The hiring of Linna Nickel and Antje Schippmann is Boie’s first personnel decision since replacing Julian Reichelt, who […]

Sega Sammy Holdings (6460.T) on Monday said it is exploring a strategic alliance with Microsoft (MSFT.O) to develop big budget titles using the Xbox maker’s cloud gaming tech, driving anticipation the move could signal a deeper tie-up. Tokyo-based Sega is exploring making titles with global reach on Microsoft’s Azure cloud platform, it said in a […]

Shoppers hoping to nab holiday gifts online this year may need to prepare well in advance for their purchases. Numerous retailers are setting earlier deadlines for merchandise ordered online to reach customers’ homes before Christmas. Frères Branchiaux Candle Co co-founder Celena Gill designated Nov. 30 as the last day for customers to place their orders […]

PG&E Corp (PCG.N) said on Monday it had received a subpoena from the U.S. attorney’s office seeking documents from the Californian utility related to the Dixie Fire, and expects to take a loss of $1.15 billion from the blaze this year. The company, in a regulatory filing, said it received the subpoena on Oct.7. The […]