The Trump administration’s plan to impose heavy tariffs on annual imports from China has stoked Wall Street’s concern about a possible global trade war, sending steel stocks and major industrials lower.
Deutsche Bank has priced the initial public offering of its asset management arm DWS at €32.50 a share, slightly below the mid-point of its target range of €30 to €36 a share, Germany’s largest lender said in a statement on Thursday evening.
The trade body of the world’s largest music market extolled a “remarkable re-invention” in how people listen to music, as it revealed that US sales have now climbed for two consecutive years — the first such growth since Napster ravaged the industry in 1999.
MPs have called for Cambridge Analytica’s suspended chief executive, Alexander Nix, to appear before them a second time to explain “a number of inconsistencies” in evidence he had given in February about his consultancy’s use of personal data.
The Trump administration plans to impose new tariffs on $50bn in annual imports from China, targeting products such as robots and high-speed trains as it also ramps up efforts to block Chinese investment in strategic sectors.
Leftist populist Andrés Manuel López Obrador is consolidating his lead in the Mexican presidential election race, with the ruling PRI party having gained a slight edge in the fierce battle for second place, according to a new poll published on Thursday.
UK housebuilder Crest Nicholson managed to push through a controversial proposal to make its current chief executive the company chairman, overcoming the objections of a sizeable number of its shareholders.
Facebook continued its apology tour as Campbell Brown, head of news partnerships, admitted it had been a “mistake” not to address the Cambridge Analytica data leak in 2015, saying the social media giant was “caught flat-footed”.
Investors wiped over $25bn off AbbVie’s market value on Thursday after the US pharmaceutical heavyweight abandoned plans to seek out quick approval for a closely watched experimental lung cancer treatment following mid-stage results.
Theresa May has arrived at an EU summit warning that the "Russian threat doesn't respect borders" and warning that this month's nerve agent attack in Salisbury was part of a "pattern" of aggression by Moscow against Europe.
Jean-Claude Juncker, the president of the European Commission, has said that he “hopes” that the EU will secure an exemption from US tariffs on steel, but that Europe is waiting to hear further details from Donald Trump.
Facebook shares are facing fresh selling on Thursday after chief executive Mark Zuckerberg finally spoke publicly about the Cambridge Analytica debacle that has thrust the social network into its worst crisis as a public company.