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SoftBank CEO set to announce $100 bn US investment
SoftBank CEO set to announce $100 bn US investment
Paris-Berlin direct daytime highspeed rail link launched
French and German rail operators launched the first direct high-speed rail link between Paris and Berlin on Monday, in response to growing European demand for train travel. But French rail operator SNCF has reported an occupancy rate of over 80 percent for the new trains.
UK approves Royal Mail takeover by Czech billionaire
Britain's centuries-old Royal Mail is set to pass into foreign ownership after the UK government Monday approved the takeover of its parent company by Czech billionaire Daniel Kretinsky's EP Group. Both parties have been waiting for the government green light since IDS in May accepted the takeover offer from the EP Group, which already held a near 28-percent stake.
Spinoffs of French tycoon's media empire make market debut
Three spinoffs from French right-wing tycoon Vincent Bollore's Vivendi media empire debuted on stock markets on Monday, with mixed results as shares in the Canal+ television and film group tanked in London. Canal+, whose movie studio is behind the "Paddington" film series, fell 15 percent on the London stock exchange in morning deals.
Lagarde says ECB will continue to cut interest rates
European Central Bank chief Christine Lagarde said Monday eurozone policymakers would keep cutting interest rates and warned that higher US tariffs under President-elect Donald Trump could hit growth in the bloc. If the United States took a protectionist run on trade under Trump, "growth in the euro area is likely to take a hit", she said.
Asian markets struggle after more weak China data
Asian markets mostly fell Monday after an unexpected slowdown in retail sales reinforced worries about China's economy, with the latest batch of weak data compounding the disappointment of Beijing's latest stimulus pledges. That came after investors were left unimpressed last week with Beijing's pledge to introduce measures aimed at "lifting consumption vigorously" as part of a stimulus drive.
Black day? Guinness runs dry in UK pubs amid online craze
At her London pub, landlady Kate Davidson has taken to issuing Guinness ration cards, but still the beer has run out amid a UK shortage of Ireland's national drink. Davidson and her business partner came up with the idea to introduce the ration card, which requires customers to purchase two other drinks before being allowed to buy a Guinness.
Chinese firms take on EV truck challenges
Dominant in the electric car sector, Chinese companies have been quietly consolidating their position in the lesser-watched trucking scene -- but foreign tariffs and a perceived quality gap could signal roadblocks ahead, experts warn. Chinese manufacturers have been seen as producing lower quality products than foreign counterparts.
Rare foreign-born CEO says Japan needs immigration to thrive
The Indian-born head of one of Japan's most famous snack brands has warned that the country must change its mindset and admit more immigrants to get the economy back to the glory of its boom years. "Forty years ago I came to Japan because it was close to number one in GDP... it was booming," the biotech scientist told AFP at Kameda's headquarters in Japan's rice heartland of Niigata.
AFP
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