BUSINESS

Fresenius SE CEO To Quit After Earnings Outlook Sours

A Fresenius SE logo is pictured in Bad Homburg near Frankfurt
Fresenius SE said its long-serving Chief Executive Stephan Sturm would quit, to be replaced by the head of its drugs unit, after the diversified group's earnings were hit following the COVID pandemic and a surge in costs.
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A member of staff pushes a trolley as she collects orders at the Amazon fulfilment centre in Peterborough

UK Retail Gets Boost From Online Shopping In July

British shoppers spent more than expected last month as many were enticed by online shopping promotions, despite a weaker picture recently as households battled the highest inflation in more than 40 years, official figures showed on Friday.
Chinese Yuan and U.S. dollar banknotes are seen in this illustration

Dollar Hits 1-month High As Fed Officials Talk Up Rate Hikes

The U.S. dollar climbed to a fresh one-month high against a basket of major peers on Friday as Federal Reserve policymakers continued to talk up the need for further interest rate hikes ahead of their key Jackson Hole symposium next week.
Illustration shows Elon Musk photo, Twitter logos and U.S. dollar banknotes

Musk Targets Ad Tech Firms In Twitter Suit Over Takeover Deal

Billionaire entrepreneur Elon Musk, who is attempting to walk away from his deal to acquire Twitter Inc, is seeking documents from advertising technology firms as part of his quest to gain more information on bot and spam accounts on Twitter, according to filings in a Delaware court on Thursday.

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