Athens of the West

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Chinese Regulator Orders Ant Group to Conduct Major Overhaul, Cease Anti-monopoly Practices

Chinese regulators have ordered Ant Group, a financial affiliate of e-commerce giant Alibaba Group Holding, to become a financial holding company to ease financial oversight amid stepped up scrutiny of

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Aeromexico shares rise for second day despite missed debt payment

Shares in airline Aeromexico closed up 4.48% on Friday, rising for a second straight day even as the company missed a debt payment after filing for bankruptcy protection. Aeromexico (AEROMEX.MX),

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End of the runway for 747 jumbo as Boeing placed final part orders

Boeing Co (BA.N) and suppliers set the final number of parts it would need for the 747 jumbo jet program at least a year ago, signaling the end for a

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Siemens sees up to 20% drop in business in April-June quarter

German engineering company Siemens (SIEGn.DE) saw the volume of business contract by as much as 20% in the three months to June and activity in 2021 would stay below 2019

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Wirecard ex-COO Marsalek’s entry into Philippines was faked, minister says

Immigration records showing Wirecard’s former chief operating officer Jan Marsalek arrived in the Philippines on June 23 and departed for China the next day were falsified, Philippines Justice Secretary Menardo

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UK to double work coaches as lockdown hammers jobs market

Britain’s government will double the number of its job coaches as part of a plan to tackle a rise in unemployment triggered by the coronavirus lockdown, the finance ministry said

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CIMB alleges ‘suspicious’ Hontop Energy oil deals with BP

Singapore’s High Court has appointed an independent supervisor to oversee the restructuring of trader Hontop Energy. The move came after Malaysian lender CIMB, its biggest creditor, raised concerns about what

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