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28 Jan, 2023
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McDonald’s veteran Borden named finance chief in executive shake-up

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Category: Business

McDonald’s veteran Borden named finance chief in executive shake-up

July 6, 2022June 30, 2022 thesemorg

McDonald’s Corp (MCD.N) on Monday named company veteran and president of its international business, Ian Boren, as finance chief, succeeding incumbent Kevin Ozan, who will retire from the burger chain in mid-2023. Borden, who has been with the company for Read more

Business

Google faces antitrust complaint by Danish job-search rival

July 5, 2022June 30, 2022 thesemorg

Google faces an antitrust complaint on Monday by Danish online job-search rival Jobindex, which told European Union regulators the Alphabet-owned (GOOGL.O) business had allegedly unfairly favoured its own job-search service. The complaint could reinvigorate EU antitrust chief Margrethe Vestager’s scrutiny Read more

Business

Bruised investors focus on biotechs with drugs closer to market

July 4, 2022June 30, 2022 thesemorg

Biotech investors nursing losses from stock price falls are now focusing on firms which are closer to getting their drugs to market, rather than those at the early stages of development. This waning risk appetite, six industry insiders told Reuters, Read more

Business

Empty shelves, huge discounts as Russia’s Decathlon stores close

July 3, 2022June 30, 2022 thesemorg

Empty shelves and prices discounted by as much as 70% greeted shoppers who visited Decathlon stores in Russia over the weekend before the French sports equipment retailer closed its stores on Monday, hampered by supply constraints. Scores of Western brands Read more

Business

Tencent falls 2.5% as Prosus, Naspers say to gradually sell shares

July 2, 2022June 30, 2022 thesemorg

Shares of Chinese internet gaming and social media giant Tencent Holdings Ltd (0700.HK) gave up early gains to fall as much as 2.5% to HK$374.60 in the early afternoon, after Prosus NV (PRX.AS) and Naspers (NPNJn.J) said they would gradually Read more

Business

U.S. Supreme Court won’t hear Apple’s bid to revive Qualcomm patent challenges

July 1, 2022June 30, 2022 thesemorg

The U.S. Supreme Court on Monday declined to hear Apple Inc’s (AAPL.O) bid to revive an effort to cancel two Qualcomm Inc (QCOM.O) smartphone patents despite the global settlement of the underlying dispute between the two tech giants. The justices Read more

Business

Explainer: Faced with Russia default, bondholders brace for legal maze

June 30, 2022 thesemorg

Holders of Russia’s external debt, which Washington says is already in default, face unusual circumstances: Moscow has the funds and says it wants to pay but is unable to do so because of sanctions imposed after it invaded Ukraine. The Read more

Business

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  • Jamie Overton insists England ‘in front seat’ for victory after late wickets
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  • McDonald’s veteran Borden named finance chief in executive shake-up
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