After higher-than-expected first-quarter revenue, Wix also slightly raised its 2021 outlook. "The growth that we experienced last year is actually continuing this year," Wix Chief Financial Officer Lior Shemesh told…
Category: Business
Danone to sell potential $2 bln stake in China Mengniu
French food group Danone , under pressure from investment funds over its shareholder returns, on Wednesday said it is selling a potential $2 billion stake in China Mengniu Dairy Company.…
Europe’s summer holiday season can be saved, says TUI
The pandemic has hammered TUI, the world's biggest holiday group, and while it sunk to a 1.3 billion euro ($1.6 billion)loss for the six months to the end of March,…
Australia’s Wright launches lawsuit over $5.7 bln bitcoin haul
An Australian computer scientist who alleges he created bitcoin has launched a London High Court lawsuit against 16 software developers in an effort to secure bitcoin worth around 4 billion…
Airbus and Air France ordered to stand trial over 2009 crash
Air France and Airbus should stand trial for involuntary manslaughter over their role in a 2009 crash in the Atlantic that killed 228 people, the Paris court of appeal ruled…
Amazon wins $303 mln court fight in blow to EU tax crusade
Amazon (AMZN.O) won its fight against an EU order to pay about 250 million euros ($303 million) in back taxes to Luxembourg in a blow to competition chief Margrethe Vestager's…
Cineworld investors approve management pay, but discontent grows
Cineworld shareholders approved a resolution for management pay at the annual general meeting, the company said on Wednesday, but support dwindled after major advisory groups recommended voting against it for…