Shanuar

Nissan Motor Co (7201.T) on Tuesday raised its full-year operating profit outlook by a fifth as its margins got a boost from newer models and lower sales incentives due to tight supplies of vehicles. Nissan like other big global carmakers has been forced to cut production because of a shortage of semiconductors and other components. […]

Amazon (AMZN.O) is seeking to settle two EU antitrust investigations to stave off potential hefty fines and orders to change its business practices, people familiar with the matter said. The European Commission in November last year charged the world’s biggest online retailer with using its size, power and data to push its own products and […]

Ferragamo’s new Chief Executive Marco Gobbetti will take the helm from Jan. 1, the Italian luxury group said on Tuesday, after beating analysts’ expectations with a 17.4% increase in third quarter sales at constant exchange rates. Revenues rose by 35% to 785 million euros ($907 million) in the first nine months of the year, mainly […]

Anne Perrot, an economist who has written in the past about the need for more regulation of Big Tech, is on the final short list to become France’s new antitrust chief, three sources close to the matter said. The role is deemed strategic by Paris as it seeks to tame the dominance of U.S. tech […]

OneStream Software, which is backed by private equity firm KKR & Co, has hired advisers to help it prepare for an initial public offering (IPO) in New York that could value the software maker at over $10 billion, people familiar with the matter said. Rochester, Michigan-based OneStream, which builds software tools and solutions designed for […]

United Arab Emirates bank Mashreqbank PSC (MASB.DU) has agreed to pay $100 million in penalties to resolve a U.S. government probe into violations of sanctions against doing business with Sudan, regulators said on Tuesday. Between January 2005 and February 2009, Mashreq sent $4 billion worth of Sudan-related payments through financial institutions in the United States, […]

Facebook (FB.O) for the first time on Tuesday disclosed the prevalence of bullying and harassment on its platform, saying such content was seen between 14 and 15 times per every 10,000 views on the site in the third quarter. The company, which recently changed its name to Meta, also said in its quarterly content moderation […]