Germany forced to slash DHL stake by €2.2bn to fix railways
Germany has been forced to sell off some of its stake in package deliverer DHL as it struggles to improve the country’s rail network amid a budget crisis.
Source: yahoo.com
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Canary Wharf office sold at £160m discount
A Canary Wharf office once occupied by a casualty of the 2008 banking crisis is to be sold at a £160m discount in the latest blow to London’s beleaguered financial district.
Source: yahoo.com
Nearly 50,000 companies face collapse as 'debt storm' hits
Tens of thousands of businesses are on the brink of collapse as higher borrowing costs and taxes pile pressure on the economy.
Source: yahoo.com
Microsoft and Apple neck and neck in race to be world's most valuable company
Microsoft briefly overtook Apple as the world’s most valuable company on Thursday as its bets on artificial intelligence (AI) begin to pay off.
Source: yahoo.com
Oil price falls after Saudi-led cartel surprises market
The price of crude oil fell after a cartel of oil-producing nations led by Saudi Arabia surprised the market by issuing a statement that failed to include an expected pledge to cut production by another million barrels per day.
Source: yahoo.com