News for nerds
Investors welcomed former Daimler DAIGn.DE chief executive Dieter Zetsche’s decision to forego his role as chairman of the German carmaker, announced at the weekend and starting a race to find an independent head of the company’s supervisory board. Zetsche, 67, Read more
Restructuring consultancy Alvarez & Marsal said on Sunday it had been appointed as administrator of a group of operating businesses related to NMC Healthcare by the Abu Dhabi Global Market Courts. Richard Fleming and Ben Cairns of Alvarez & Marsal Read more
ArcelorMittal SA, the world’s largest steelmaker, is exploring a deal to merge its U.S. operations with Cleveland-Cliffs Inc, the largest U.S. producer of iron ore pellets, people familiar with the matter said on Sunday. The combination would signal a new Read more
A U.S. judge in Washington has temporarily blocked a Trump administration order banning Apple Inc AAPL.O and Alphabet Inc’s Google GOOGL.O from offering Chinese-owned short video-sharing app TikTok for download that was set to take effect at 11:59 p.m. Sunday. Read more
Brazilian airline Azul SA AZUL.N said late on Sunday in a securities filing that one of its Embraer E195 has been certified to fly as an adapted dedicated cargo aircraft, as the company diversifies its business amid the coronavirus crisis. Read more
Hong Kong-listed shares of Semiconductor Manufacturing International Corp fell more than 7% on Monday after the United States imposed restrictions on exports to China’s biggest chip maker, citing a risk of military use. SMIC’s shares fell as much as 7.9% Read more
Electric vehicle maker Xpeng Inc XPEV.N said on Monday it would start building a new car plant in China’s southern city of Guangzhou with 4 billion yuan ($590 million) in financing from the local government. Xpeng, listed in New York Read more