International Business

International Business

Google’s ‘free’ business model put to test in US antitrust suit

Google's long-running business model based on free services and advertising will be put to the test in the landmark antitrust lawsuit filed this week...

Fashion and leather lift LVMH amid Covid woe

French luxury goods giant LVMH said Thursday that a sales rebound in fashion and leather goods had lifted third quarter sales to limit fallout...

Indian-origin Issa brothers buy Walmart’s UK supermarket chain Asda

Britain's billionaire Issa brothers and private equity group TDR Capital have bought Asda from Walmart in a deal which gives the British supermarket chain...

Major banks moved vast sums of illicit money: ICIJ

Massive sums of allegedly dirty money have flowed for years through some of the world's largest banking institutions, said an international journalism investigation published...

US government confirms receiving Oracle bid for TikTok

The US government has received a bid from Oracle for TikTok's American operations after the video-sharing app's parent ByteDance rejected a proposal from Microsoft,...

Citigroup’s Jane Fraser first woman to break Wall Street’s glass ceiling

Citigroup's Jane Fraser will become the first woman to lead a major Wall Street firm after the banking giant on Thursday picked her as...

Industry ‘leveraging pandemic’ to peddle unhealthy products: NGOs

Food and drink producers are leveraging the coronavirus pandemic to push unhealthy products such as alcohol, sugar-laden soft drinks and fatty fast food on...

Tiffany sues LVMH for reneging on $16 bln deal

Tiffany & Co sued LVMH on Wednesday after the French luxury goods giant told the US jeweler it could not complete a $16 billion...

Samsung heir charged with fraud over succession-linked deal

South Korean prosecutors indicted the heir to the Samsung empire Tuesday over a controversial merger of two business units seen as a key step...

Walmart joins Microsoft bid for TikTok as CEO of social media app quits

Walmart Inc said it was joining Microsoft in a bid for social media company TikTok's U.S. assets, revealing its plans hours after the video...