Frankfurt

Stock markets rally as US tax cuts move step closer

london - Muslimchronicle

European stock markets jumped Monday following strong gains for Tokyo and fresh pre-weekend records on Wall Street as US President Donald Trump's tax reforms moved into sight. Around 1115 GMT, London's benchmark FTSE 100 index was up 0.4 percent, with gains limited by the pound rising versus the dollar impacting multinational UK companies whose reported earnings are in the USRead more

Snow and ice ground hundreds of flights in Frankfurt

Berlin - Muslimchronicle

More than 300 flights were cancelled and hundreds more delayed as snow and ice blocked runways at Germany's largest airport in Frankfurt on Sunday, the airport operator said. Some 330 flights were cancelled by 5:00 pm (1600 GMT) after heavy snow and sub-zero temperatures struck the region around the German financial capital, a spokesman for airport operator Fraport told AFP.Read more

Heavy snow causes travel mayhem in northern Europe

London - Muslimchronicle

The heaviest snowfall in four years in Britain caused travel mayhem Sunday, while more than 300 flights were cancelled at Germany's busiest airport and a ferry ran aground in the French port of Calais. Hundreds of air passengers were stranded in Frankfurt, Germany's financial capital, as well as Britain, and many took to Twitter to complain. Some 330 flightsRead more

US may chart new antitrust path

Sao Paol - Muslimchronicle

In challenging the huge AT&T (Sao Paolo: ATTB34.SA - news) -Time Warner (Frankfurt: A0RGAY - news) merger, the Trump administration is reversing a decades-old antitrust policy in a politically charged case that could have implications for other big tieups, and potentially for dominant technology companies. A lawsuit filed Monday by the Justice Department sets up an epic court clash overRead more

US sues to block $85 bn AT&T-Time Warner merger

Washington - Muslimchronicle

The US government filed suit Monday to block AT&T (Sao Paolo: ATTB34.SA - news) 's merger with Time Warner (Frankfurt: A0RGAY - news) , setting up the biggest antitrust court clash in decades over the $85 billion tieup. The deal announced more than a year ago would merge vast content of Time Warner units like premium cable channel HBO andRead more

VW says will invest over 34bn euros

Frankfurt - Muslimchronicle

German automaker Volkswagen on Friday said it planned to invest more than €34 billion ($40 billion) over the next five years in new technologies to advance its push to become a global leader in electric cars. “We are reinventing the car,” chief executive Matthias Mueller said after a meeting of the group’s supervisory board. The bulk of the 2018-2022 spending spree would goRead more

Volkswagen to invest €22.8 billion in core brand until 2022

FRANKFURT - Muslimchronicle

Volkswagen will invest €22.8 billion (SR100.85 billion) in its main car brand over the next five years, it said on Saturday, a day after it announced a spending program aimed at bolstering its position as a maker of electric cars. Most of that sum, around €14 billion, will be spent in Germany, Volkswagen said, adding that one of the keyRead more

Chinese construction firm CCCC buys Canada's Aecon for Can$1.51 bn

Shanghai - AFP

Chinese construction firm CCCC (Shanghai: 601800.SS - news) will acquire Canada's Aecon Group (Frankfurt: 869161 - news) for Can$1.51 billion (US$1.18 billion), the Canadian company announced Thursday. The deal is still subject to shareholder and regulatory approvals. "We believe this is a very positive outcome for Aecon and our key stakeholders," Aecon chairman Brian Tobin said in a statement. ChinaRead more

Alphabet quarterly profit climbs

Washington - Muslimchronicle

Google's parent company Alphabet (Xetra: ABEA.DE - news) on Thursday reported profit in the recently-ended quarter leapt as money poured in from ads delivered to mobile devices and returns improved on "other bets." Alphabet profit was up 32.4 percent to $6.7 billion on in the quarter on revenue that increased 24 percent to $27.8 billion, up 24 percent from theRead more

ECB to chart end to easy money

Frankfurt - Muslimchronicle

The ECB will announce a big reduction Thursday in its support to the eurozone economy, analysts predict, as it takes its first steps to wean the single currency area off the medicine that dragged it out of crisis. With healthy growth and sinking unemployment, central bankers are confident the single currency area can stand more fully on its own twoRead more