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Business

Deutsche Bank withdraws from bidding for Wirecard bank

By straitmaccom September 17, 2020September 11, 2020

Deutsche Bank DBKGn.DE has withdrawn from the bidding process for Wirecard Bank WDIG.DE amid concerns over valuaton, a source familiar with the matter said on Friday. Deutsche Bank and a…

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Business

Tesla CEO met VW CEO during Germany visit

By straitmaccom September 16, 2020September 11, 2020

Tesla Chief Executive Elon Musk met Volkswagen’s Chief Executive Herbert Diess for a courtesy visit during which Musk took a test drive in Volkswagen’s new electric car, a source familiar…

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Business

Amazon plans to add 10,000 jobs in Bellevue, Washington

By straitmaccom September 15, 2020September 11, 2020

Amazon.com Inc is planning to create 10,000 more jobs in the next few years in Bellevue, Washington, the e-commerce giant said on Friday. The company has been setting up new…

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Business

Virgin Atlantic plans 1,150 more job cuts

By straitmaccom September 14, 2020September 11, 2020

Virgin Atlantic announced 1,150 more job cuts on Friday due to the coronavirus crisis, saying its 1.2 billion pound ($1.6 billion) rescue deal alone was not enough to secure its…

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Business

Debt-laden Vodafone Idea to raise up to $3.4 billion in fresh funds

By straitmaccom September 13, 2020September 11, 2020

Vodafone Idea Ltd VODA.NS said on Friday it would raise up to 250 billion Indian rupees ($3.41 billion) in fresh capital as the Indian telecom operator tries to pay off…

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Business

Britain’s Co-op to create 1,000 jobs in stores expansion

By straitmaccom September 12, 2020September 11, 2020

Britain’s Co-operative Group 42TE.L said on Friday it would open over 65 new and extended stores this year, creating up to 1,000 jobs, as it seeks to capitalise on the…

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Business

Racial gap in U.S. jobless rate widens again in August

By straitmaccom September 11, 2020September 11, 2020

The gap in unemployment rates between Blacks and whites in the United States widened for a fourth straight month in August, and the spread between the races is now the…

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