Economy
Capital One's takeover of Discover reshuffles US credit card sector
Capital One's proposed merger with the US credit card specialist Discover has reshuffled the deck in a fast-growing sector in the United States, where cash is gradually disappearing from the landscape.
Dutch court upholds $50-bn payment award in Yukos case
A Dutch court quashed an appeal by Russia in a record $50-billion case Tuesday, paving the way for a payment to former shareholders of dismantled oil giant Yukos. Russia took the decision to the Dutch courts, with Supreme Court judges eventually in 2021 shunting the case back to a lower ranking appeals court on procedural grounds, for another round of hearings.
The Body Shop to shut nearly half of UK shops
The UK arm of The Body Shop cosmetics group will shut nearly half its 198 outlets, adminstrators brought in to save parts of the distressed company said Tuesday. The Body Shop employs about 1,500 people across its UK stores but the administrators did not specify how many positions would be lost.
Young creators face cost dilemma at London Fashion Week
To show or not to show at London Fashion Week? The programme provides also a venue to showcase at London Fashion Week, which could be for example at a hotel close to the main setting.
Walmart says it will buy TV maker Vizio for $2.3 bn
Walmart announced Tuesday it will buy smart television maker Vizio for $2.3 billion, boosting the retail giant's advertising venture as growth slows in its legacy business from the pandemic boom. Walmart announced the deal along with the release of fourth-quarter earnings, in which it reported solid revenues growth of 5.7 percent to $173.4 billion.
Lack of rain leaves Italy gasping
A blanket of smog covers Milan, empty reservoir bake in Sicily and wine production is down in Piedmont as a lack of rain across Italy exacerbates pollution and sparks droughts. Meanwhile Piedmont in the northwest asked the agricultural ministry on Monday to declare a natural disaster for drought in the region, saying it has affected vineyards and caused "significant" drops in wine production.
Eiffel Tower closed again as staff extend strike: union
The Eiffel Tower, one of the world's top tourist attractions, will remain closed for a second straight day Tuesday as staff extend a strike, a union representative told AFP. The strike started Monday in protest over the way the monument is managed financially.
Wind-powered Dutch ship sets sail for greener future
The world's first chemical tanker ship fitted with massive rigid aluminium "sails" has left Rotterdam, its owner hoping to plot a route to bringing down the shipping industry's huge carbon footprint.
Potholes, a British obsession with a heavy price
Dotting the asphalt, they come in various shapes and sizes, costing drivers a fortune in vehicle repairs and even lives. According to the Asphalt Industry Alliance, more than £14 billion is needed to fix a backlog of repairs in England and Wales.
Economy
Load more