Thomas Cook Group confirmed on Monday, June 10, that it is in talks with the Chinese Fosun Tourism Group to sell their tourism business. At the same time, as noted by the British tour operator, this does not mean that negotiations will end with a formal purchase offer. Thomas Cook is the oldest travel company in the world, operating since 1841. In its current form, the Thomas Cook Group business...

Google believes that US national security could be jeopardized due to restrictions against Huawei. Google warned the administration of President Donald Trump that the US national security would be put at risk if Washington insisted on imposing comprehensive export restrictions against Chinese Huawei. This was reported on June 7 by the Financial Times, citing three informed sources. They told...

Italian-American automaker Fiat Chrysler Automobiles (FCA) withdrew its proposal to merge with the French Renault SA. "It became obvious that there are currently no political conditions in France for the successful completion of such a deal," the FCA press release says. Sources of The Wall Street Journal reported that the company is dissatisfied with too high demands of the French government....

Boeing found a defect in their aircraft. It is suspected that substandard parts were installed on several hundred 737 NG and 737 MAX airliners. A statement about this was made against the background of the company’s attempts to convince air carriers of reliability of the aircraft. Earlier it was reported that the ban on flights of the Boeing 737 MAX can be lifted in the United States in...

Mr Filippo Ciarletti, Italian born, raised in Switzerland, with degrees at Ecole Centrale de Paris (ECP), the MIT and INSEAD, followed by thirty five years in strategy consulting at Mars&Co where you serve as Executive Vice President and CTO. That should give you a rather unique perspective into the business challenges ahead. Could you first tell us how you see the fit between your personal story...

Amazon’s shareholders will remember for a long time the day when Amazon’s CEO Jeff Bezos stops managing his brainchild. The risk that everything collapses is rather great. Nevertheless, Bezos is quite capable of changing the course of events or at least easing the financial blow that will be inflicted on the company's investors. All he needs to do is formulate plans for his future successor more...

Losses of Uber in the I quarter have amounted to $ 1 billion. Recently, Uber became a public company, and everyone was looking forward to its first official financial report. There was nothing for shareholders to rejoice: losses have not been reduced, but, on the contrary, reached records. Despite revenue growth of 20%, the loss of $ 1.034 billion exceeded last year’s loss of $ 478 million....

The Australian Competition and Consumer Commission (ACCC) filed a lawsuit against Sony Interactive Entertainment Europe due to the fact that the company refused to return money to customers for malfunctioning video games for the Sony PlayStation console. The ACCC report states that Sony has provided false information to Australian customers on its website and on the PlayStation online store....

Norway's largest pension fund KLP will refuse to invest in companies that receive more than 5% of the proceeds from gambling and the sale of alcoholic beverages. The fund manages assets of about $ 80 billion, including pension savings of state civil servants. KLP intends to sell so-called "sinful shares" in the amount of about $ 320 million, reports The Financial Times. Among the 90 companies...