Business

Ericsson CEO steps down amid tightened competition

Ericsson CEO steps down amid tightened competition

Shares of telecom giant Ericsson (ERIC) are up 28 cents, or nearly 4%, at $7.64, in early trading after the company this morning announced at the start of European trading that its CEO of seven years, Hans Vestberg, will step down, and that its CFO, Jan Frykhammer, will take over on an interim basis.



United States' move to seize assets piles pressure on Malaysian prime minister

Although he is identified only as "Malaysian Public Official No. 1", it is clear that Najib is the target of what Lynch called "the largest single action ever brought " under the US's Kleptocracy Asset Recovery Initiative. In a 136-page court filing, the DoJ also names the producer involved in making The Wolf Of Wall Street film. 1MDB used Goldman Sachs to raise the money for official projects to benefit Malaysia - then corrupt financiers would divert funds to shell companies, ...



Nintendo shares plunge, company says Pokémon GO's earnings impact limited

That changed today with Nintendo falling by its 18 per cent limit in early Tokyo trading. "'Pokemon Go' can now be played in Japan". To put that move in context, the massive run-up leaves Nintendo only 42 per cent higher for the year to date and just 15 per cent up on 12 months ago.



Former Republican Rival Cruz Draws Boos for Not Endorsing Trump

Trump is America's blue-collar billionaire", he told the delegates. "It got me here", said Trump, who has fired up crowds with promises to create jobs, be tough on national security and ensure that foreign policy keeps American interests firmly at its heart.



Brexit is risk to global growth, says G20

China has demonstrated commitment to moving toward a market-driven exchange rate, said a senior U.S. Treasury official, speaking on the sidelines of a meeting of G20 finance ministers and central bankers in Chengdu on Saturday. UK Chancellor Philip Hammond said that Brexit had come up "a great deal" at the G20. The communique cited "geopolitical conflicts, terrorism, and refugees" as further sources of economic uncertainty.


Nice attacker posed for selfies in truck used to kill 84 people

Nice attacker posed for selfies in truck used to kill 84 people

Thousands gathered in Nice along the Promenade des Anglais, the same walkway that was the setting for Thursday's attack that saw 84 killed. Mr Cazeneuve added that Bouhlel, who allegedly has a history of domestic violence, drug abuse and anger problems, was "an unbalanced and very violent individual".