According to sources close to the matter at hand, online luxury fashion retailer MyTheresa plans on taking advantage of the robust equity market by listing on the New York Stock Exchange. MyTheresa’s owner, Neiman Marcus, is working with Morgan Stanley on the planned listing, which could be as early as April, said sources. Both, Morgan…
In a statement, the U.S. government said, it was issuing a 45-day extension to Huawei Technologies Co Ltd which allows U.S. companies to continue doing some business with it. The development comes in the wake of the Trump Administration adding the Chinese company to an economic blacklist in May 2019 citing national security concerns. The…
A last minute visit by officers from the Irish Data Protection Commission (DPC) has forced Fcaebook to postpone the launch of its new dating feature for the European market. Information about the launch of the feature was provided to the DPC just 10 days before the scheduled launch and the regulator said that “no information…
Existing shareholders of the Norwegian business of the biggest pizza delivery company of the United Kingdom – Domino’s Pizza Group, will purchase the business, the company said on Thursday. This also marked the beginning of a possible string of sale of the loss-making overseas operations of the company. The entire 71 per cent of the…
Rogue internet operators have targeted some of London’s top hedge funds and asset managers by cloning their websites and names in an attempt to dupe unsuspecting investors. Although few individuals are known to have fallen to this scam, two of Europe’s most prominent investors Winton and Algebris are among the highest profile names to be…
Tesla Inc is recalling 15,000 Model X SUVs in North America because of a potential issue that can lead to a loss of power steering assist which will make steering harder and increase the risk of a crash. In a statement, the National Highway Traffic Safety Administration (NHTSA) and Transport Canada stated, the aluminum bolts…
The Pentagon is likely to back new U.S. restrictions on China’s Huawei Technologies, reversing its earlier stance to the proposal meant to further crack down on exports to the blacklisted Chinese company, said a source briefed on the matter. The Pentagon’s reversal is likely to make it much harder for U.S. companies to get around…
A case demanding $90 million in damages from Carlos Ghosn, the former global auto honcho and now a branded fugitive of Japan, was filed by the Japanese car company Nissan. The civil lawsuit was filed by the company at Yokohama District Court. Ghosn is also a former chairman of the auto company and was arrested…
In a case that Google is fighting to overturn a 2.4-billion-euro ($2.6 billion) antitrust fine imposed by the European Union at Europe’s second-highest court, the search engine giant argued that innovation was at the core of its business model rather than helping out rivals in their businesses. Many are closely watching this case because preparations…
Samsung Electronics unveiled its latest foldable 5G capable flagship as it surges ahead to maintain its market position in an increasingly competitive phone market. The development marked Samsung’s second attempt at a folding phone, following a delayed rollout in 2019, as it fends off traditional rival in the premium smartphone market, which includes Apple Inc…
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