Toshiba set to announce split into three firms, shareholder reaction in focus
Japanese industrial conglomerate Toshiba Corp (6502.T) is set to outline plans on Friday to break up into three listed companies that will focus on infrastructure, devices and memory chips, sources with knowledge of the matter said.
Global luxury sales set to outpace pre-COVID levels this year, Bain says
The luxury goods sector is set to move past the coronavirus crisis this year, fuelled by domestic spending in the United States and China, particularly on high end shoes, leather goods and jewellery, consultancy Bain said on Thursday.
Risky business: Climate change turns up the heat on insurers, policyholders
Tony and Jhan Dunn never thought they would leave California, where they grew up, built a life together and planned to retire.
Under-fire Telecom Italia CEO faces board showdown
Telecom Italia (TIM) (TLIT.MI) CEO Luigi Gubitosi faces the board on Thursday at a meeting sought by top investor Vivendi (VIV.PA) following two profit warnings in three months at Italy’s former phone monopoly.
Wizz Air CEO says business class flying bad for environment
The boss of Hungarian budget airline Wizz Air (WIZZ.L) attacked the sustainability credentials of traditional airlines like Air France-KLM (AIRF.PA) and Lufthansa (LHAG.DE), saying business class flying was bad for the environment.
EXCLUSIVE No takers for Malaysia’s 5G plan as major telcos balk over pricing, transparency
None of Malaysia’s major mobile carriers have agreed to use the government’s 5G network yet due to transparency and pricing issues, ahead of a rollout planned for next month, a state agency and industry executives said.
U.S. airlines and Amazon join push to reduce aircraft emissions
Major U.S. airlines and Amazon.com’s (AMZN.O) aviation unit are joining an effort to speed development and use of sustainable aviation fuels (SAF) to decrease emissions in air transport.
EXCLUSIVE HSBC exceeds China wealth hiring targets, explores India private banking re-entry
HSBC Holdings Plc is ahead of its hiring targets for its Chinese retail wealth management business and is exploring re-entering India’s private banking business, senior executives said, as part of its plan to make Asia and wealth key pillars of growth.
Sony to invest $500 mln in TSMC’s new Japan chip plant venture
Sony Group (6758.T) on Tuesday said it will invest about $500 million in a joint venture with Taiwan Semiconductor Manufacturing Co’s (2330.TW) (TSMC) that will build a $7 billion chip plant in Japan.
Analysis: Musk’s Tesla stock sale poll raises taxing questions
When Elon Musk asked his Twitter followers last weekend if he should sell 10% of his Tesla Inc (TSLA.O) stock, he said he was posing the question because “much is made lately of unrealized gains being a means of tax avoidance.”
