Markets
Donald Trump weighs in on Jeff Bezos' divorce: ‘I wish him luck’
If the split of assets indeed happens on the 50-50 basis, it will leave Bezos with total wealth of around $60 billion while Mackenzie will become the richest woman in the world with similar wealth. Sanchez and Whitesell are thought to have separated in the autumn, but have not formally filed for divorce. According to one source, Sanchez was hired to work on Bezos's space-launch company. [Full Article...]
Virgin leads bid to buy Flybe for just £2.2m
Flybe will combine with Stobart Airways in a joint venture called Connect Airways. It will lend £20m to keep Flybe afloat and following completion of the acquisition will provide a further £80m to invest in its business and support its growth, as well as a contribution of Stobart Air. [Full Article...]
N26 Raises $300M in Series D Funding
N26, a German start-up that offers a mobile banking app and a see-through debit and payments card, secured the funding from USA venture capital firm Insight Ventures and Singapore's sovereign wealth fund. A digital bank has become one of the most valuable financial technology companies in the world with a price tag of $2.7 billion placed on it after a $300 million fundraising. [Full Article...]
Sports Direct pushes Debenhams bosses off the board
The firm's shares closed down over 14 per cent yesterday, after it reported a 3.4 per cent sales drop over the holiday period. Comparable sales in the United Kingdom were 3.6% lower than a year ago, due to weak store footfall that also affected other high street retailers. [Full Article...]
Sadiq Khan knew about delays to Crossrail, ex-boss insists
The comments, along with previously confidential documents released by TfL, revealed the extent of the delays and financial troubles, and that government and London transport chiefs were informed of the first alert that Crossrail's schedule was in serious trouble as far back as June 2016. [Full Article...]
Apple plans to launch three new iPhone models this year
Meanwhile, Apple chose to troll competitors by placing user security and privacy-related ads around CES venues, and TV makers including Samsung announced that AirPlay 2 support would be available inside new TVs. Planning for 2020 models is at an earlier stage, and more subject to revision. Apple is also considering dropping the LCD screen of the XR in favor of an OLED screen. [Full Article...]
Ghosn hit with more charges, release unlikely
His associate, Greg Kelly, another Nissan executive and the carmarker as a legal entity were also charged in relation to the underreporting of income. Without citing its sources, Liberation reported that Ghosn had had his tax domicile in France until 2012 and was subject to the country's wealth tax. [Full Article...]
Ford to cut thousands of jobs in Europe
We will be looking at all options", which could include plant closures. Ford (F) has announced it will cut thousands of jobs as part of a restructuring plan to overhaul its European operations. Ford will instead focus on developing more profitable "crossover" vehicles, Mr Armstrong confirmed. "We want to be a net contributor of capital and not a net detractor", Armstrong told journalists on ... [Full Article...]