Category: Business

A worldwide lack of semiconductors is proving a challenge for computer manufacturers, but the shortage is likely to persist for some years, the chief executive and founder of Dell Technologies told Germany’s Handelsblatt newspaper. A surge in demand for electronic Read more

Malaysia on Monday announced 22 civil suits against entities and people accused of being involved with the massive 1MDB corruption scandal, including units of global banks Deutsche Bank and JPMorgan. The lawsuits are part of a years-long effort by Malaysia Read more

British shoppers bought warm clothes to meet friends and family outdoors – part of a broader rise in retail spending last month as many shops re-opened – and people booked more summer holidays in the United Kingdom, surveys showed on Read more

E.ON , Europe’s largest energy networks operator, on Tuesday posted a 14% rise in first-quarter operating earnings after its British power retail division swung to a profit following a major overhaul. The company stuck to its 2021 outlook, still expecting Read more

Russia’s embassy in the United States on Tuesday rejected speculation that Moscow had any responsibility for a ransomware cyberattack that has disrupted activity at the biggest U.S. gasoline pipeline. President Joe Biden on Monday said there was no evidence thus Read more

Commerzbank will outsource its equities trading and research business to Franco-German group ODDO BHF, the two companies said on Tuesday, a small part of Commerzbank’s broader push to cut 10,000 people from its workforce. Executives said in February that they Read more

Shares of Chinese food delivery giant Meituan slumped further on Tuesday in a sell-off precipated by the social media posting by its chairman of an ancient poem that was perceived by some as criticising the government and President Xi Jinping. Read more