13/02/2020

Automotive

Nissan downgrades forecasts as 9-month net profit plunges

Crisis-hit Japanese automaker Nissan said Thursday its net profit plunged more than 87 percent for the nine months to December as it struggles with weak demand and fallout from the arrest of former boss Carlos Ghosn.

Business

Australian court approves $10 bn Vodafone-TPG merger

Two of Australia's largest telecommunications firms appear set to merge, after a court ruled on Thursday that the multi-billion-dollar deal between Vodafone and TPG would not pose a major threat to competition.

Business

Billionaire Bezos buys estate for $165 mn: report

Billionaire Amazon chief Jeff Bezos has purchased a Los Angeles-area estate for $165 million, setting a new record for the region, The Wall Street Journal reported on Wednesday.

Security

Puerto Rico online scam targeted more than $4M amid crisis

An online scam that targeted Puerto Rican agencies attempted to steal more than $4 million, police said Thursday, deepening concerns about the management of local government finances during an economic crisis.

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