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Danske Bank closes down its banking activities in Estonia

Danske Bank said its Estonian business had entered into liquidation on Tuesday after the country's financial regulator in February ordered it to close its branch at the center of one of the largest ever money laundering scandals.



5 years ago

Credit Suisse chairman apologizes to Khan for surveillance

Credit Suisse Chairman Urs Rohner apologized to the bank's former wealth management head Iqbal Khan for an "inappropriate surveillance operation" ordered by the bank's chief operating officer, who had to step down.



5 years ago

WPP poaches Sainsbury's Rogers to be finance chief

WPP , the world's biggest advertising company, has poached John Rogers, the boss of retailer Sainsbury's Argos business, to be its new finance director, taking over from the outgoing Paul Richardson in early 2020.



5 years ago

As Draghi leaves ECB, his opponents get chance to turn the tables

Mario Draghi leaves the European Central Bank at the end of the month, and that may give opponents of his ultra-easy monetary policy a chance to shift the tone of the debate at the top of the institution.



5 years ago

TSMC counter-sues U.S. chip rival GlobalFoundries for patent infringement

Apple Inc supplier TSMC has counter-sued smaller contract chipmaking rival GlobalFoundries Inc in the United States, Germany and Singapore, saying the U.S. firm has infringed 25 of its patents.



5 years ago

Factbox: European airline collapses since 2017

Adria Airways is the latest in a string of airlines to have folded in the past few years, leaving thousands of passengers stranded in airports, with a knock-on effect on related industries such as hospitality.



5 years ago

Dollar powers to 29-month high, stocks stay standing despite weak data

The dollar bulldozed almost everything in its path on its way to a 29-month high on Tuesday, as a blizzard of soft global data left the U.S. economy as the only one still looking in reasonable health.



5 years ago

Oil prices recover on lower output from U.S., Russia, OPEC

Oil prices rebounded on Tuesday on reports that output from the world's largest oil producers fell during the third quarter, although a resumption in Saudi supply and demand concerns kept a lid on gains.



5 years ago

Ryanair to wait for aircraft cycle to turn before placing more orders - O'Leary

Ryanair will wait until the next turn of the cycle before it can place an order for more Boeing or Airbus jets at cheaper prices, Chief Executive Michael O'Leary said on Tuesday.



5 years ago

Thomas Cook owes Turkey's tourism sector $381 million - council

Turkey's Tourism Advisory Council said on Tuesday it estimates that Thomas Cook owes the local sector more than 350 million euros ($381.08 million), adding that it was impossible for the amount to be re-paid in the short- and medium-term.



5 years ago

Fiscal crises biggest risk to global business, WEF says

The possibility of a fiscal crisis is the biggest risk to doing business globally, according to a survey of World Economic Forum business leaders published on Tuesday, though there were strong regional differences in views of the biggest risk.



5 years ago

Ryanair boss blames 'deficient' licensing for Thomas Cook chaos

Ryanair boss Michael O'Leary said Britain's Civil Aviation Authority was partly to blame for the chaos surrounding Thomas Cook's bankruptcy and should make tougher licensing demands to prevent airline collapses stranding passengers.



5 years ago

Facebook, Google, Amazon face another House inquiry: Bloomberg

Facebook Inc, Amazon.com Inc and Alphabet Inc's Google will face a congressional inquiry on how the big technology companies may be damaging the competitive landscape for small businesses, Bloomberg reported on Tuesday.



5 years ago

Strike hits Fiat Chrysler plant in Italy after death of worker

A Fiat Chrysler worker died overnight in an accident at the group's factory in Cassino, central Italy, prompting unions to launch a strike at the plant to demand tighter safety measures, officials said on Tuesday.



5 years ago

GE to provide world's most powerful turbines for British wind project

GE Renewable Energy has been chosen as preferred supplier to provide turbines for Britain's Dogger Bank offshore wind project being developed by SSE and Equinor , the companies said on Tuesday.



5 years ago