Covid: Marston's to run Brains pubs, saving 1,300 jobs

Marston's is to take over the running of Brains pubs in a bid to save 1,300 jobs in the midst of the coronavirus pandemic. The pub operator will take over the running of all 156 of the brewer's pubs, mainly in Wales. Brains said restrictions during the pandemic had put the business under "significant financial pressure". Chief executive Alistair...

Apple to Suspend New Orders to Wistron After India Workers Riot

Apple Inc. said it’s placing a supplier in India on probation after lapses in labor practices led to riot...

GM to Tout Electrification Drive, Plug-In Pickup at CES

General Motors Co. Chief Executive Officer Mary Barra plans to provide a peek of upcoming electric vehicles at CES next month and bolster the automaker’s credentials as a rising power in EVs, according to people familiar with the matter. Barra will give the opening keynote address on Jan. 12 for the all-digital expo, formerly known as the Cons...

Tesla is about to become the top S&P 500 stock

When Tesla officially joins the S&P 500 on Monday, Elon Musk's electric car company will instantly become the top performing stock in the index for 2020. Shares of Tesla (TSLA) are up nearly 700% so far this year, more than double 2020's current top performer on the index. The stock has surged almost 65% since the mid-November announcement o...

Robinhood Is Accused of ‘Gamification’ by Massachusetts

Robinhood Markets drew millions of users to investing with a colorful app that makes trading seem empowering instead of intimidating. Robinhood exposed Massachusetts investors to “unnecessary trading risks” by “falling far short of the fiduciary standard” that requires broker-dealers to act in their clients’ best interests, according t...

Coronavirus: Coca-Cola restructuring cuts 2,200 jobs worldwide

Coca-Cola is to cut about 2,200 jobs in its global workforce as part of a restructuring plan. The soft drinks giant's restructure has been accelerated by the coronavirus pandemic which has seen the widespread closure of venues where Coke is sold. The bulk of the layoffs will be in the US, where it will shed 1,200 jobs. At the end of 2019, Coca-C...

Abu Dhabi signs off on another mega merger in energy services sector

Abu Dhabi shareholders have signed off on another mega merger - this one involves the National Petroleum Construction Company and National Marine Dredging Company. The latter's shareholders have now voted in favour of the move. Now, the General Holding Corporation PJSC (...

Citigroup Execs Tried to ‘Lessen the Pain’ of $900 Million Error

Two days after one of his employees mistakenly approved a $900 million payment to a group of Revlon Inc. lenders, Citigroup Inc. executive Vincent Farrell was looking to report some good news about the bank’s recovery effort. “Quick up...

French green bank expands into Saudi Arabia

French corporate and investment banking company Natixis has expanded its operations into Saudi Arabia in order to mediate between international investors and regional borrowers who want to focus on more sustainable and environmentally friendly ways of doing business....

Israel’s Bank Hapoalim sees huge opportunities for UAE - Israel banking cooperation

The normalization of relations between the UAE and Israel has opened huge opportunities for businesses and financial institutions from both countries to cooperate, Dov Kotler, CEO of Bank Hapoalim told Gulf News in a recent interview in Dubai. Founded almost 100 years ago, Bank Hapoalim is a household brand for consumer and corporate lending and...

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