SoftBank criticises Moody’s after debt downgrade SoftBank has demanded that Moody’s remove all of its bond ratings on the Japanese conglomerate, after the rating agency issued a two-notch downgrade that cut its debt deeper into junk status. The group led by...
Europe’s tech companies announced nearly $500 million in deals on Monday as venture-capital backed firms defied the gloomy markets. Lilium, an Uber-like service for private jets, closed a funding round of more than $240 million to continue development of its electric...
The 17.2 billion euro ($18.4 billion) sale of Thyssenkrupp’s (TKAG.DE) prized elevator unit to a consortium led by Advent and Cinven [CINV.UL] is not under threat from the coronavirus crisis, the conglomerate’s CEO said in an internal staff letter. “To be absolutely...
Experts warn investors are looking inward during Covid-19 chaos When Michael Kent, founder of Azimo, presented to the fintech’s venture capital backers on 18 March, his first slide urged one thing: Don’t panic! But for most UK fintech investors, the message is not...
2019 payouts for Deutsche’s senior executives, including CEO Christian Sewing and group president Karl von Rohr, also fell Deutsche Bank confirmed its staff bonuses dropped by around a fifth on average for 2019, as the group embarked on its “most fundamental... 