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EUROPE

EU veto merging Siemens and Alstom railway business

The EU’s powerful anti-trust sheriff, Margrethe Vestager, vetoed the merger of the Siemens-Alstom rail businesses on Wednesday, in defiance of France and Germany. The tie-up, announced to great fanfare in 2017, had been hailed as […]

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World

Sala’s family mourn after body identified

Footballer Emiliano Sala’s family grieved on Friday after British authorities formally identified his body as the one recovered from the submerged wreckage of a plane that went down in the Channel more than two weeks […]

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CHINA

HK woman convicted over fake marriages for maids

A security guard was on Friday found guilty of running a bogus marriage syndicate that charged foreign domestic helpers tens of thousands of dollars for weddings with local men. Immigration officials said it was the […]

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CHINA

China Housing Prices Rise to 14-Month High

highlights five key points from data on housing prices released by China’s National Bureau of Statistics (NBS) on Saturday: – The average price of new homes in 70 major cities, excluding subsidized units, increased 8.9% […]

MARKET

Volvo Group’s third-quarter net profit up 38%

Volvo Group (Volvo AB, VOLVY) said Friday its third-quarter net profit rose 38%, exceeding expectations. The company said it is still struggling to meet the needs of the truck market, especially in the North American […]