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TikTok owner ByteDance would prefer to shut down its loss-making app rather than sell it if the Chinese company exhausts all legal options to fight legislation to ban the platform from app stores in the U.S., four sources said.
Spanish cava producer Freixenet has presented a plan to lay off temporarily 615 workers, nearly 80% of its workforce, due to a drought in the Penedes area of Catalonia, it said in a statement on Monday.
Chinese brokerage Haitong Securities removed Lin Yong from chief executive of its Hong Kong-based offshore unit, according to an internal memo and a company source with knowledge of the matter.
President Vladimir Putin has placed the Russian subsidiaries of Italian water heating company Ariston and Germany appliance maker BSH Hausgeraete under the temporary management of a Gazprom entity, according to a decree published on Friday.
German business morale improved more than expected in April, a survey showed on Wednesday, boosting hopes that the worst may be over for Europe's biggest economy although any recovery is not expected to be strong.
Williams-Sonoma will pay a $3.18 million civil fine to settle U.S. Federal Trade Commission charges it violated a July 2020 order by falsely claiming that some of its products were 'Made in USA.'
New York's highest court on Thursday overturned the 2020 sex crimes conviction of former Hollywood producer Harvey Weinstein, in the case that helped trigger the #MeToo movement.
Indian mining group Vedanta reported a 27% drop in fourth-quarter profit on Thursday, reflecting weaker prices of major metals like aluminium and zinc amid ballooning finance costs.
Activist fund Elliott has built up a $1 billion stake in Anglo American , a filing showed on Friday, after the London-listed miner became a takeover target by bigger rival BHP Group .
Russia's central bank held its key interest rate at 16% for the third meeting running on Friday, but raised its inflation forecast for 2024, acknowledging for the first time that it may struggle to reach its 4% target this year.
The yen hit a fresh 34-year low versus the dollar and a 16-year low against the euro on Thursday as investors expect a Bank of Japan policy meeting that ends on Friday to not be hawkish enough to support the Japanese currency.
British bank NatWest's first-quarter profit fell by a less than expected 27%, it said on Friday, having weathered a sector-wide squeeze on income from increased competition for savings, lending and mortgage products over the past year.
U.S. equity funds registered their fourth successive weekly outflows in the week ended April 24, hit by fading expectations for rate cuts this year.
The Bank of Japan kept interest rates around zero on Friday and issued fresh estimates projecting inflation to stay near its 2% target in the next three years, signalling its readiness to hike borrowing costs later this year.
The Swiss National Bank remains sceptical about buying bitcoins, Chairman Thomas Jordan said on Friday, despite calls from campaigners to change Swiss law and allow cyptocurrencies to be added to its currency reserves.
