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Zee Business: World Economy News

https://www.zeebiz.com/world-economy.xml 👁 3501

ProSieben sees pressure easing as Netflix raises prices


ProSiebenSat.1 Media believes that price increases by U.S. streaming giant Netflix could ease competitive pressures on the German group`s core TV business and is bullish on growth at its e-commerce arm, CEO Max Conze said.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/prosieben-sees-pressure-easing-as-netflix-raises-prices-81167

Sports Direct's Ashley in talks for music retailer HMV: Sky


Sports Direct boss Mike Ashley is in talks to rescue music retailer HMV from administration, Sky News reported on Sunday, saying he had held talks with music and industry suppliers to the business.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/sports-directs-ashley-in-talks-for-music-retailer-hmv-sky-81166

Rheinmetall plans to sue Germany over Saudi arms embargo: Spiegel


German weapons maker Rheinmetall plans to sue the government over its decision to stop all arms exports to Saudi Arabia after the killing of journalist Jamal Khashoggi, Spiegel Online reported on Sunday.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/rheinmetall-plans-to-sue-germany-over-saudi-arms-embargo-spiegel-81165

Ghosn may have had questionable ethics, co-chair of external Nissan probe says


The co-chair of a committee set up by Japanese automaker Nissan Motor Co to examine the root cause of alleged financial misconduct by ousted chairman Carlos Ghosn said he believed Ghosn may have had questionable ethical standards.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/ghosn-may-have-had-questionable-ethics-co-chair-of-external-nissan-probe-says-81162

Trump says a deal 'could very well happen' with China


U.S. President Donald Trump said on Saturday progress is being made toward a trade deal with China and denied that he was considering lifting tariffs on Chinese products.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/trump-says-a-deal-could-very-well-happen-with-china-81067

Global Markets - Stocks rally on trade hopes, dollar set for first positive week of 2019


Major stock indexes rose worldwide on Friday and the dollar was on track for its first positive week this year, boosted by optimism that the trade conflict between the United States and China may come to an end.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/global-markets-stocks-rally-on-trade-hopes-dollar-set-for-first-positive-week-of-2019-80963

Explainer - How pressing is Lebanon's financial challenge?


Financial strains in Lebanon have been brought into focus by turbulence on markets where its dollar-denominated sovereign bonds suffered a heavy sell-off last week following comments by the finance minister about the public debt.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/explainer-how-pressing-is-lebanons-financial-challenge-80962

Lilly cancer drug fails key trial, will no longer be prescribed


Eli Lilly and Co said on Friday that its cancer treatment Lartruvo, which had won conditional approval, failed to improve patient survival in a long-term confirmatory study and will no longer be prescribed, driving the drugmaker`s shares down nearly 3 percent.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/lilly-cancer-drug-fails-key-trial-will-no-longer-be-prescribed-80961

Citi says female employees earn 29 percent less than men


Citigroup`s female employees earn 29 percent less than male employees on a global median basis, the Wall Street bank revealed on Wednesday, while announcing targets for appointing more women and minorities to senior roles.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/citi-says-female-employees-earn-29-percent-less-than-men-80960

PBGC steps in to oversee Sears' two pension plans


Pension Benefit Guaranty Corp (PBGC) is taking steps to assume responsibility for bankrupt retailer Sears Holdings Corp`s two pension plans, covering about 90,000 people, the U.S. government agency said on Friday.

Click here to Read full Details Sources @ https://www.zeebiz.com/agencies/pbgc-steps-in-to-oversee-sears-two-pension-plans-80959

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