AB Volvo said on Monday it had struck a deal to buy a heavy duty truck subsidiary of Jiangling Motors Corp (JMC) (000550.SZ) for about 1.1 billion Swedish crowns ($125.7…
Category: Business
Federer-backed shoemaker On reveals revenue surge in U.S. IPO filing
On Holding AG, a shoe firm backed by Swiss tennis star Roger Federer, on Monday filed for an initial public offering in the United States and revealed its net sales…
Euro zone business boom roared on in August
Business activity in the euro zone grew strongly this month, only dipping from July's two-decade high monthly pace, as a rapid COVID-19 vaccination drive allowed more firms to reopen and…
Studies show modest job gains from U.S. states’ benefit cuts
New U.S. state-level data and accompanying studies show a group of largely Republican governors did not yet get the job boom they hoped for by cutting federal unemployment benefits this…
Crypto platform Poly Network says hacked funds returned
Cryptocurrency platform Poly Network said on Monday that almost all of the $610 million stolen this month in one of the biggest crypto heists had now been returned by the…
EasyJet names former RBS boss Hester as chairman to steer airline’s recovery
EasyJet (EZJ.L) on Monday named former Royal Bank of Scotland boss Stephen Hester to succeed John Barton as chairman, as the budget airline seeks experienced leadership to help it navigate…
Sainsbury’s shares jump 14% on report of possible bids
Sainsbury's (SBRY.L) shares surged 14% on Monday after a report that private equity firms could launch bids worth more than 7 billion pounds ($9.6 billion) for Britain's second biggest supermarket…