Business

EU court annuls approval of aid for German airline Condor

A top European Union court on Wednesday annulled the EU's approval of 550 million euros ($670 million) in state aid for German airline Condor, backing a challenge by budget carrier Ryanair but suspending the application of ...

Business

Spotify CEO 'very serious' about Arsenal takeover bid

Spotify co-founder Daniel Ek says he wants to bring back the "glory" to Arsenal as he plans to test the resolve of the club's American billionaire owner Stan Kroenke with a takeover bid.

Business

Japan telecom firms challenge $40 billion NTT takeover bid

Japanese telecoms firms appealed Wednesday to the communications ministry over a planned $40-billion takeover of the country's biggest mobile carrier by its government-backed parent, warning it would "prevent fair competition".

Business

Xerox ends hostile bid to buy HP

Xerox on Tuesday dropped its unwelcomed bid to buy computer and printer maker HP for about $36 billion, blaming market turmoil caused by the coronavirus pandemic.

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