Category: Business

Brazilian food retailer GPA SA (PCAR3.SA) is considering a spin off of its Colombian Almacenes Exito SA (IMI.CN) unit to GPA’s shareholders including parent company Casino Guichard Perrachon (CASP.PA), two sources with knowledge of the matter said. Such a transaction, similar to GPA’s recent spin off of its Brazilian wholesale unit Assai (ASAI3.SA), would fit […]

The European Central Bank could tilt its purchases of corporate bonds towards companies that pollute less or are cutting their emissions, ECB board member Isabel Schnabel said in a speech on Monday. Central bankers in the euro zone and around the world are debating what their role should be in the fight against climate change. […]

Lagos-based entrepreneur Ogechi Egemonu was selling more than 500,000 naira ($1,219) worth of watches, shoes and handbags on Twitter per week. Now, with the site suspended by the Nigerian government, Egemonu does not know how she will cope. “Social media is where I eat,” she said. “I depend on social media for my livelihood.” Scores […]

As the launch of a successor to Alitalia drags on, budget carriers Ryanair (RYA.I) and Wizz are bulking up on Italy’s domestic routes, grabbing market share from the new carrier before it even takes flight. Italia Trasporto Aereo (ITA) is the name of the new state-owned airline independent of bankrupt Alitalia which Rome plans to […]

The U.S. Supreme Court on Monday gave Microsoft Corp’s (MSFT.O) LinkedIn Corp another chance to try to stop rival hiQ Labs Inc from harvesting personal data from the professional networking platform’s public profiles – a practice that LinkedIn contends threatens the privacy of its users. The justices threw out a lower court ruling that had […]

Small transfers of bitcoin to El Salvador jumped over four-fold in May from a year ago but still represent a small amount when compared to remittances sent in dollars. The Central American country last week became the first country to adopt bitcoin as legal tender, with President Nayib Bukele touting the cryptocurrency’s potential as a […]

Bitcoin climbed above $40,000 on Monday, after yet another weekend of price swings following tweets from Tesla boss Elon Musk, who fended off criticism over his market influence and said Tesla sold bitcoin but may resume transactions using it. Bitcoin has gyrated to Musk’s views for months since Tesla announced a $1.5 billion bitcoin purchase […]