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Eldorado Resorts to merge with Caesars Entertainment in $17.3 billion deal

U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a $17.3 billion cash-and-stock deal, including debt, the companies said on Monday.

EE fined £100,000 for unlawful texts

The mobile network sent 2.5 million messages to customers about its app and handset [...]

Lufthansa announces overhaul of budget carrier Eurowings

Lufthansa on Monday announced a turnaround plan for Eurowings in which the budget carrier will focus on short-haul flights and seek a 15% cut in costs by 2022 in the hope of returning to profit.

Bitcoin tests 15-month highs after 10% weekend jump

Bitcoin tested 15-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.

Nissan shareholders set to back CEO Saikawa amid fraying ties with Renault

Nissan Motor shareholders are widely expected to back Chief Executive Hiroto Saikawa at an annual general meeting on Tuesday, extending his tumultuous tenure at an automaker shaken by scandal and the loss of trust with alliance partner Renault.

Volatile times lie ahead in Greece for investors

Tough reforms have a tendency to be difficult under right-of-centre [...]

G20 nerves hit European stocks, dollar; oil gains

European stocks stumbled and the dollar dropped to three-month lows on Monday as hopes waned for progress in Sino-U.S. trade talks at this week’s G20 meeting and fears grew of a confrontation with Iran.

Daimler slumps as diesel costs wipe out profit growth

Daimler shares fell as much as 5% on Monday after the German automaker cut its profit forecast for the third time in 12 months, saying it was setting aside hundreds of millions of euros to cover a regulatory crackdown on diesel emissions.

Outlook uncertain for Japan’s whaling industry despite commercial restart

When Yachiyo Ichihara was a child in Wada, one of Japan’s oldest whaling villages, she’d go down to the harbor with a bucket and carry it home full of freshly butchered whale meat.

Explainer: What’s behind Japan’s support of whaling?

Japan has for decades been steadfastly defiant about hunting whales despite widespread anger, including from key allies like the United States.

Raw, fried or on a bun: the many ways Japan eats whale

Whale cutlets, sliced raw whale, deep-fried whale nuggets, whale bacon and whale jerky feature on the menu at the restaurant Yoko Ichihara runs – and that’s just a small sample of the ways Japan eats whale.

U.S. regulators ask Deutsche Bank to explain ‘bad bank’ proposal: FT

U.S. regulators have sought explanation from Deutsche Bank AG about its “bad bank” proposal and its impact on U.S. operations at the loss-making German lender, the Financial Times reported on Monday.

Danske Bank ousts former interim CEO after customers overcharged

Danske Bank has dismissed its former interim chief executive Jesper Nielsen after customers were overcharged for an investment product, a first step by its new boss to restore trust in the troubled lender.

Boots rolls out paper bags after plastics row

The chain is introducing paper bags in 53 of its 2,485 stores – but not in its central [...]

Oil prices up on U.S.-Iran tensions

Oil prices rose on Monday, extending vast gains last week prompted by tensions between Iran and the United States, as Washington was set to announce new sanctions on Tehran.

US companies hunt for loopholes to beat China tariffs

Lawyers warn customs workarounds carry risks as business counts costs of Trump [...]

German business leaders add to economic gloom — Ifo

Mood among managers weakens to lowest level in five years as economy in [...]

Lufthansa announces turnaround plan for budget unit Eurowings

German carrier Lufthansa announced a turnaround plan for Eurowings on Monday, saying its budget unit would in future focus on short-haul flights and seek a 15% cut in unit costs by 2022 in a bid to return to profit.

FedEx apologizes for returning Huawei phone, reigniting Chinese ire

FedEx Corp has apologized for returning a package which the sender said contained a Huawei smartphone, blaming an “operational error” as it works to comply with U.S. restrictions on business with China’s Huawei Technologies Co Ltd.

Bitcoin pulls back from 18-month highs after 10% weekend jump

Bitcoin pulled back from 18-month highs on Monday after jumping more than 10% over the weekend, with analysts ascribing the spike to growing optimism over the adoption of cryptocurrencies after Facebook unveiled its Libra digital coin.

Eldorado Resorts clinches $18 billion cash and stock deal for Caesars: sources

U.S. casino operator Eldorado Resorts Inc has agreed to merge with Caesars Entertainment Corp in a cash and stock deal that values its peer at about $18 billion including debt, people familiar with the matter said on Sunday.

China says FedEx should offer a proper explanation on Huawei

China’s foreign ministry said on Monday that FedEx Corp should offer a proper explanation, after the firm apologized for refusing to ship a Huawei Technologies phone sent from Britain to the United States.

Daimler warns on 2019 profit outlook as diesel issues bite

Daimler cut its 2019 earnings outlook on Sunday after lifting provisions for issues related to its diesel vehicles by hundreds of millions of euros, sending its shares lower on Monday.

Oil prices climb as U.S.-Iran tensions mount

Oil prices rose on Monday to extend gains from last week, bolstered as tensions remain high between Iran and the United States after U.S. Secretary of State Mike Pompeo said “significant” sanctions would be announced on Tehran.

Nomura shareholders vote to keep embattled CEO

Japan’s Nomura Holdings Inc won shareholder approval on Monday for the re-appointment of its chief executive officer, overcoming concerns about the leaking of market information and its first annual loss in a decade.

Asia stocks climb pre-G20, oil up on U.S.-Iran feud

Stock markets in Asia inched higher on Monday on hopes that U.S. and Chinese leaders will be able to get trade talks back on track this week, while oil prices bounced on political tensions between Tehran and Washington.

Santander to pay 1 billion euros to end insurance accord with Allianz Group

Spain’s largest lender Banco Santander said on Monday it will pay almost 1 billion euros ($1.1 billion) to end an agreement between Allianz and Banco Popular over the distribution of insurance products.

Lufthansa pegs dividend payout ratio to net profit

German carrier Lufthansa on Monday said it would start pegging its dividend payout ratio to net profit in the future, adding this would give the group, which issued a profit warning a week ago, more flexibility.

FirstFT: Today’s top stories 

Your daily briefing on the [...]

Scandal-hit Nomura wins shareholder approval for re-appointment of CEO

Japan’s Nomura Holdings Inc won shareholder approval on Monday for the re-appointment of its chief executive officer, overcoming concerns about the leaking of market information and its first annual loss in a decade.

Indonesia posts trade surplus as export slide eases

Asian stocks tick up, oil rises amid U.S.-Iran tensions

Asian shares edged up on Monday as investors pinned their hopes on any signs of a thaw in Sino-U.S. trade negotiations, while oil prices firmed on heightened tensions between the United States and Iran.

Malaysia’s 1MDB criminal case against Goldman Sachs delayed to September

Malaysia’s criminal case against U.S. investment bank Goldman Sachs involving $6.5 billion 1MDB bonds will be postponed to September, a court ruled on Monday, after defense lawyers asked for more time to receive instructions from their clients abroad.

China’s assistant foreign minister says global community sees harm from protectionism

China’s Assistant Minister of Foreign Affairs Zhang Jun said on Monday that the international community recognizes harm from protectionism, and that China will safeguard its fundamental interests.

China says both U.S., China should make compromises in trade talks

Both China and the United States should make compromises in trade talks, Chinese Vice Commerce Minister Wang Shouwen said on Monday, ahead of a much anticipated meeting between the Chinese and U.S. presidents at this week’s G20 summit in Japan.

Macron keeps hope in shrunken eurozone budget plan

Paris plays the long game after Neo-Hanseatics shot down initial sweeping [...]

Oil prices climb as Middle East tensions simmer

Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced.

China says U.S., China should make compromises in trade talks

China and the United States should be willing to make compromises in trade talks and not insist only on what each side wants, Chinese Vice Commerce Minister Wang Shouwen said on Monday.

Asian stocks subdued, oil rises on U.S.-Iran tensions

Asian shares were off to a cautious start on Monday as investors pinned their hopes on any signs of a thaw in Sino-U.S. trade negotiations while oil prices firmed on worries over heightened tensions between the United States and Iran.

Oil prices rise as Middle East tensions simmer

Oil prices climbed on Monday as tensions remain high between Iran and the United States, with U.S. Secretary of State Mike Pompeo saying “significant” sanctions on Tehran would be announced.

Ransomware cyber-attacks are targeting large companies and demanding huge payments

A Norwegian aluminium producer is recovering after hackers took thousands of computers offline and demanded a [...]

‘Hire people who are going to disagree with you’

Emily Foges says her firm’s success is down to young employee who told her she was getting it [...]

Wind power: £100m fund aims to boost UK companies

The offshore wind industry says the money will help to ‘maximise opportunities’ for UK [...]

Turning carbon dioxide into cash

Scientists say carbon dioxide can be used to benefit humanity instead of overheating the [...]

Apple weighs 15-30% shift out of China amid trade war

Tech giant asks suppliers to review costs in south-east Asia and [...]