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Thomas Cook Germany files for insolvency in bid to hive off business

Thomas Cook GmbH, the German unit of the insolvent British travel operator, on Wednesday filed for insolvency with a view to carving out its brands and businesses from their failed parent.



4 years ago

Nintendo's Mario mobile game has server overload on launch day

Nintendo Co Ltd's hotly awaited mobile title Mario Kart Tour launched on Wednesday with many users initially complaining server overload meant they were unable to play the game - seen as a major test of the Kyoto-based company's mobile ambitions.



4 years ago

Former Danske Bank Estonian head found dead by police

A former head of Danske Bank's Estonian branch, who was a witness in an investigation into alleged money laundering, has been found dead by police in Estonia.



4 years ago

Aston Martin raises $150 million in debt, shares fall on high cost

Luxury carmaker Aston Martin will see its borrowing costs jump after it raised $150 million in debt at 12% interest to bolster its balance sheet for its DBX sports utility vehicle launch next year, with the option for another $100 million.



4 years ago

VW workers applaud chairman despite indictment

Volkswagen workers applauded Chairman Hans Dieter Poetsch at a mass meeting of employees at its headquarters on Wednesday, according to a participant, as staff appeared to close ranks behind its senior managers, three of whom have been indicted.



4 years ago

IKEA's online sales surge 43%

IKEA's online sales surged 43% in the 12 months to the end of August, helping to drive overall retail sales at the world's biggest furniture group 6% higher, based on local currencies, brand owner and franchisor Inter IKEA said on Wednesday.



4 years ago

EU says it is in close contact with Germany over Condor loan

The European Union antitrust regulator said on Wednesday it was in close contact with the German authorities regarding a proposed loan to German airline Condor.



4 years ago

Thomas Cook's Polish business goes into insolvency

Thomas Cook's Polish business Neckermann Polska said on Wednesday it was insolvent as the effects of the demise of the world's oldest travel firm spread to central Europe, leaving around 3,600 Polish tourists stuck abroad.



4 years ago

Sanctions-hit Iran props up economy with bartering, secret deals

Washington's policy of applying "maximum pressure" on Iran with wide-ranging sanctions has shredded the country's oil revenues, sent its economy into recession and devalued its national currency.



4 years ago

Thomas Cook Germany in rescue talks with investors

Thomas Cook's German tour business filed for insolvency on Wednesday in a move aimed at separating its brands and operations from its failed parent, and said it was in talks with potential new investors.



4 years ago

German state of Hesse: We are ready to help Thomas Cook Germany

The German regional state of Hesse stands ready to offer financial support to Thomas Cook's German unit, its Prime Minister Volker Bouffier said on Wednesday.



4 years ago

Nestle's premium baby formula saw strong demand in China despite falling birth rates: CFO

Nestle's infant nutrition business in China grew at a healthy pace, despite a steep fall in birth rates and an overall slowdown in consumption, the company's chief financial officer said at a conference on Wednesday.



4 years ago

Jeff Bezos' Blue Origin expects at least two more rocket test flights before launching people

Jeff Bezos' space company expects to fly its space tourism rocket at least two more times before it puts the first people on board.

4 years ago

Futures fall on Trump impeachment push, Nike gains

U.S. stock index futures edged lower on Wednesday as a move to launch an impeachment inquiry into President Donald Trump injected a fresh dose of uncertainty, with forecast-beating results from Nike Inc helping dispel some gloom.



4 years ago

Ford close to JV deal with Mahindra in India: sources

Ford Motor Co and Mahindra & Mahindra are likely to sign a deal next week to form a joint venture in India, two sources told Reuters, in a move that will see the U.S. carmaker end most of its independent operations in the country.



4 years ago