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Biden announces bid to become US president in 2020

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Former US vice president Joe Biden has announced his candidacy for the 2020 presidential election. Launching his campaign for the Democratic nomination, the 76-year-old declared in a video posted on Twitter: “We are in the battle for the soul of this nation. “If we give Donald Trump eight years in the White House, he will Read More

German bank merger hopes crumble as Deutsche Bank and Commerzbank scrap talks

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FRANKFURT (Reuters) – Deutsche Bank and Commerzbank said their merger talks had ended, with execution risks, restructuring costs and capital requirements dashing German attempts to create a mega-bank. FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo After nearly six weeks of talks, Germany’s two Read More

Deutsche Bank and Commerzbank merger talks are expected to fail: source

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FILE PHOTO: Outside view of Deutsche Bank and Commerzbank headquarters in Frankfurt, Germany, March 18, 2019. REUTERS/Ralph Orlowski/File Photo FRANKFURT (Reuters) – Merger talks between Germany’s top two lenders, Deutsche Bank and Commerzbank, are expected to end in failure, a person with knowledge of the matter said on Thursday. No final decision has been taken, Read More

Gucci owner Kering close to settling Italian tax case for 1.3 to 1.4 billion euros: sources

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MILAN (Reuters) – French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes by its fashion brand Gucci, three sources told Reuters on Thursday. FILE PHOTO: Gucci logo is seen in a store at Fiumicino airport Read More

Gucci owner Kering close to settling Italian tax dispute for 1.3-1.4 billion euros: sources

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FILE PHOTO: The logo of Kering is seen during the company’s 2015 annual results presentation in Paris, France, February 19, 2016. REUTERS/Charles Platiau MILAN (Reuters) – French luxury group Kering is close to agreeing to pay between 1.3 billion and 1.4 billion euros ($1.5-1.6 billion) to settle a dispute with Italian authorities over unpaid taxes Read More

Talos Energy appoints Shane Young as executive V.P. and CFO

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4/24/2019 HOUSTON — Talos Energy Inc. has announced the appointment of Shannon E. young, III as executive V.P. and CFO of Talos, effective May 16, 2019. Michael L. Harding, II, currently executive V.P., CFO, chief accounting officer and treasurer, will continue to serve as the chief accounting officer of the company on an interim basis Read More

Saudis see no need for immediate action on oil market

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By Anthony DiPaola, Matthew Martin and Yousef Gamal El-Din on 4/24/2019 DUBAI (Bloomberg) — Saudi Arabia’s energy minister said the world’s biggest oil exporter sees no need to take immediate action in the crude market, signaling a cautious response to the U.S. decision to tighten sanctions on Iran. The kingdom won’t significantly raise output in Read More

Sri Lanka suicide bombers were from wealthy families

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By Chris Robertson, news reporter The suicide bombers in Sri Lanka’s Easter Sunday attacks were from wealthy families and one studied in the UK, it has been revealed. Eight Britons were among the 359 people who died in a series of blasts targeting churches and hotels, with more than 500 total left injured. At a Read More

Exclusive: Behind Airbnb’s bet on show business to hook travelers

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SAN FRANCISCO (Reuters) – Hollywood has a new suitor in Silicon Valley. FILE PHOTO: The logos of Airbnb are displayed at an Airbnb event in Tokyo, Japan, June 14, 2018. REUTERS/Issei Kato Airbnb Inc, the high-flying startup for booking home rentals around the world, has ambitions to develop a slate of original shows to whet Read More

One of the Sri Lanka attackers studied in UK

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By Chris Robertson, news reporter One of the suicide bombers in Sri Lanka’s Easter Sunday attacks studied in the UK. At a press conference this morning, the country’s Deputy Defence Minister Ruwan Wijewardene said: “We believe one of the suicide bombers studied in the UK and then maybe later on did his postgraduate in Australia, Read More