Category: Business

Sunrun Inc (RUN.O) said on Monday it will buy Blackstone-backed peer Vivint Solar (VSLR.N) for about $1.46 billion in an all-stock deal, as the top U.S. residential solar installers look to solidify their market position. The deal will also help Sunrun compete better with Tesla Inc’s (TSLA.O) SolarCity in a residential solar market, which, according […]

Indian airline Vistara is in talks with planemakers and leasing companies to delay taking delivery of some aircraft, the carrier’s chief commercial officer said on Monday, as COVID-19 hits demand for air travel. Vistara, owned by India’s Tata Sons and Singapore Airlines (SIAL.SI), placed an order for 13 A320-neo family aircraft from Airbus SE (AIR.PA) […]

The prospect of President Vladimir Putin staying in the Kremlin until 2036 does not seem to be deterring buyers of Russia’s high-yielding sovereign bonds as investors focus on economic fundamentals and political stability rather the risk of policy stagnation. Investors in Russia are no strangers to shocks, having seen the country’s markets roiled in recent […]

The Italian government approved a package of measures on Tuesday aimed at cutting the complicated red tape that has long been blamed for crimping growth in the euro zone’s third-largest economy. The “simplification decree,” approved after weeks of fraught political negotiation, has been touted by Prime Minister Giuseppe Conte as “the mother of all reforms” […]

Shares of SoftBank Group Corp climbed 4.6% on Tuesday to reach highs last seen during the dot-com bubble, as massive buybacks help shrink the group’s persistent discount. Shares closed at 6,190 yen in Tokyo, hitting levels last seen in early 2000, when speculation on internet stocks saw prices surge before crashing and wiping out most […]

Desperate to afford her daughter’s overseas university fees, 58-year-old retired Iranian teacher Maryam Hosseini withdrew all her savings from the bank to buy U.S. dollars. It was not enough. With three years of study still to do, her daughter is heading back home, her future now on hold. Hosseini’s tale of growing poverty is an […]

Deutsche Telekom on Tuesday denied a report that it had intensified its business relationship with China’s Huawei despite security authorities’ warnings. Handelsblatt newspaper earlier on Tuesday cited confidential documents as showing the German firm had increased its dependency on Huawei as a supplier for its 5G network and broadband expansion, cloud service and television offering. […]