Reuters Business News

Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier plan to move its headquarters to the Netherlands.

Planemaker Bombardier Inc is to cut up to 600 jobs in its Northern Ireland operations, it said on Thursday, as part of plans announced last week to cut 2,500 jobs or about 11% of the workforce in its global aviation unit.

World shares took their biggest tumble in five weeks on Thursday as a sobering economic outlook from the U.S. Federal Reserve challenged market expectations, while bonds rallied on bets yet more stimulus would be needed to ensure recovery.

JPMorgan has promoted Jonas Wikmark as co-head of Nordics banking to drive growth in one of its major European markets, according to a memo seen by Reuters.

China and the United States should resume timely communication on trade and other issues, an adviser to the Chinese cabinet said on Thursday, stressing that the world's two biggest economies are too intertwined to be decoupled.

U.S. stock futures extended declines on Thursday, a day after the Federal Reserve's economic forecast confirmed that the pain from the coronavirus outbreak will be felt for years, with investors also nervous about a second wave of infections.

Volkswagen's management board on Thursday apologised for the company's publication on its Instagram page of a racist advert and said the clip was published because of a lack of cultural sensitivity rather than because of racist intentions.

Fiat Chrysler and Peugeot maker PSA face a lengthy EU antitrust investigation after declining to offer concessions to allay EU antitrust concerns about their planned $50 billion merger, people familiar with the matter said on Wednesday.

The European Union is planning on filing formal antitrust charges against Amazon.com Inc over its treatment of third-party sellers, the Wall Street Journal reported on Thursday, citing people familiar with the matter.

An outside panel will weigh the validity of an investigation into Samsung Group heir Jay Y. Lee over a 2015 merger and alleged accounting fraud, the Seoul Central District Prosecutors' Office said on Thursday.

Walmart Inc will stop keeping personal care products designed for people of color in locked display cases, the retailer said, after the practice drew flak online with many saying it suggested customers for these products cannot be trusted.

Canadian plane maker Bombardier Inc is to cut around 400 jobs in its Northern Ireland operations, it said on Thursday, part of plans announced last week to cut 2,500 jobs or about 11% of the workforce in its global aviation unit.

A further investment by the French government in Renault's capital would not be the most pertinent or useful use of state resources, the carmaker's chairman said on Thursday, adding that nationalisation of the firm was not being contemplated.

Airlines don't need to compensate passengers if a flight is delayed by one person biting another as it is an "extraordinary circumstance", the EU's top court ruled on Thursday after a customer sued Portuguese airline TAP over such an incident.

Just Eat Takeaway's proposed $6 billion takeover of Grubhub to create a trans-Atlantic giant that could thwart Uber's food delivery ambitions has raised concerns among some analysts about the pace of the European company's expansion.

Britain's Financial Conduct Authority said on Thursday it has fined Lloyds Bank 64 million pounds ($81.26 million) for failures in handling mortgage arrears.

Indonesian motorcycle taxi driver Aji chain-smokes and checks his smartphone constantly while waiting for orders by the roadside in downtown Jakarta on a hot June morning, but is staring at the prospect of another fruitless day.

Credit-rating firm S&P Global Ratings on Thursday questioned SoftBank Group Corp's financial discipline as the tech conglomerate pursues a massive 2.5 trillion yen ($24 billion) share buyback program in volatile markets.

Unilever proposed collapsing its Anglo-Dutch legal structure into a single holding company based in Britain on Thursday, nearly two years after shareholders sank an earlier plan to move its headquarters to the Netherlands.

E-commerce companies Amazon Inc and eBay Inc have been instructed by the U.S. Environmental Protection Agency (EPA) to stop selling unproven or unsafe disinfectants, including products falsely marketed as killing COVID-19, on their platforms, Bloomberg reported https://bloom.bg/3fcuLg5 on Thursday.