Category: Business

The Nord Stream 2 subsea gas pipeline to Germany will be completed despite pressure from the United States, Russia’s RIA news agency quoted the Foreign Ministry as saying on Wednesday. Completion of the project, which is more than 90% finished, depends on various factors, including weather, RIA reported, citing a ministry official. The U.S. State […]

The search for a new chief executive is UniCredit’s main priority at the moment, the bank’s outgoing chairman said in an interview published on Tuesday. When asked about a possible acquisition of smaller rival Monte dei Paschi di Siena, Cesare Bisoni added that the board would never accept deals that are not in the exclusive […]

Affirm Holdings Inc, a U.S. provider of installment loans to online shoppers, said on Wednesday it sold shares in its initial public offering (IPO) at $49 apiece, above its target range, to raise $1.2 billion. Affirm said it offered 24.6 million shares of its Class A common stock, and that shares are due to begin […]

Top mutual fund firm Vanguard Group has sold its stakes in certain Chinese securities to comply with a United States ban on Americans from investing in companies it deems to have links with China’s military. In a statement Vanguard said that since Friday it had exited its positions in securities that figured on a list […]

How can technology help companies worldwide return to work safely when lockdown ends? At Siemens, Ruth Gratzke is overseeing a “Return with Confidence” campaign to create safe and healthy indoor office environments. “It addresses everything from elevators where you don’t have to touch the buttons, touchless interactions throughout the building or management of meeting rooms […]

American casino mogul Sheldon Adelson, who built lavish gambling palaces that made him one of the world’s richest men and became a potent supporter of U.S. President Donald Trump and Israeli Prime Minister Benjamin Netanyahu, has died at age 87. Adelson died on Monday night from complications related to treatment for non-Hodgkin’s lymphoma, according to […]

Combative self-made billionaire Sheldon Adelson, who assembled the world’s largest casino empire and used his fortune to nurture conservative politicians and policies in the United States and Israel, has died at age 87. The American casino mogul, raised in a poor Jewish immigrant family in Boston as the son of a cab driver, established lavish […]