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Union says Air Berlin’s Niki Airlines future is unclear

/  18.08.2017  /  Business 

VIENNA (Reuters) – Union representatives of insolvent Air Berlin’s Austrian unit Niki Airlines said its future was unclear and they hoped for support from the Austrian government if it runs out of money.

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Exclusive: India threatens Philip Morris with ‘punitive action’ over alleged violations

/  18.08.2017  /  Business 

NEW DELHI (Reuters) – The Indian government has threatened Philip Morris International Inc with “punitive action” over the tobacco giant’s alleged violation of the country’s anti-smoking laws, according to a letter sent to the company by the federal health ministry.

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Former Uber CEO says investor lawsuit a ‘public and personal attack’

/  18.08.2017  /  Business 

SAN FRANCISCO (Reuters) – The ousted chief executive of Uber Technologies Inc called a lawsuit filed against him by one of the company’s top investors a “public and personal attack” without merit, according to court documents filed late on Thursday.

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Infosys CEO Vishal Sikka resigns, cites recent “drumbeat of distractions”

/  18.08.2017  /  Business 

(Reuters) – Infosys Ltd, in a surprise announcement, said Vishal Sikka has resigned as CEO citing a stream of distractions and disruptions in recent months, pushing down shares of the second-largest Indian IT services firm almost 8 percent on Friday.

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Chevron drops appeal over landmark Australian tax ruling

/  18.08.2017  /  Business 

MELBOURNE (Reuters) – Chevron Corp has withdrawn an appeal to Australia’s High Court over a disputed A$340 million ($268 million) tax bill, leaving in place a landmark court ruling on related-party loans that could affect other multinational companies.

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Investors sell stocks, dollar on fears Trump agenda is foundering

/  18.08.2017  /  Business 

SINGAPORE (Reuters) – Asian stock investors joined a global retreat from riskier assets on Friday and the dollar wavered on growing doubts about U.S. President Donald Trump’s ability to fulfill his economic agenda.

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Nestle accused of pilfering Atari ‘Breakout’ game for ‘Kit Kat’ ads

/  18.08.2017  /  Business 

(Reuters) – A new lawsuit accuses Nestle SA of blatantly violating the rights of Atari by using without permission the classic 1970s video game “Breakout” in a new marketing campaign for its Kit Kat chocolate-covered wafers.

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Despite legal victory, America Movil may face tough ride with regulator

/  18.08.2017  /  Business 

MEXICO CITY (Reuters) – Despite a landmark Supreme Court ruling in his favor, Mexican mogul Carlos Slim shouldn’t break out the champagne just yet.

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Deutsche Bank, Bank of America settle agency bond rigging lawsuits

/  18.08.2017  /  Business 

NEW YORK (Reuters) – Deutsche Bank AG and Bank of America Corp agreed to pay a combined $65.5 million to settle investor litigation accusing large banks of rigging the roughly $9 trillion government agency bond market over a decade.

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Auto groups side with Canada, Mexico on NAFTA origin rules

/  18.08.2017  /  Business 

WASHINGTON (Reuters) – Auto industry groups from Canada, Mexico and the United States are pushing back against the Trump administration’s demand for higher U.S. automotive content in a modernized North American Free Trade Agreement.

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