Business

Warner Music Group partners with SoundCloud to become the company's first major music ally. Streaming music service SoundCloud signed a licensing agreement with music major Warner Music Group (WMG) on November 4, 2014 which will give the company great leverage over its future...

Virgin Australia takes full control of budget carrier Tigerair Australia in a one dollar buyout. Australia's second largest airline, Virgin Australia, has bought the remaining 40 percent stake in Tigerair Australia for just A$1 ($0.88) from its Singapore listed parent,...

Aberdeen, Glasgow and Southampton airports sold by Heathrow Airport Holdings for £1 billion. Heathrow Airport Holdings (HAH) has sold three of its airports, Aberdeen, Glasgow and Southampton, to a consortium formed by Spanish firm Ferrovial and Australia-based Macquarie, in a...

In a joint venture with Britain's department store Selfridges, Italian food market chain Eataly will open in London in 2016.   The Italian upmarket food chain Eataly will be coming to London in September 2016 to set up its food hall,...

Citing tough business environment, Japan Tobacco to shut two factories in Europe. One of the biggest tobacco companies, Japan Tobacco International (JTI) is shutting down two of its facilities in Europe and downsizing operations in a third unit, leading to a...

Parent company Walt Disney injects €1 billion to recapitalize Euro Disney's Paris entity. Euro Disney has announced its agreement with US-based Walt Disney that includes an infusion of €1 billion as a refinancing package to get the former's Disneyland Paris back...

British mobile phone retailer Phones 4u is likely to cut 2,400 jobs.  Over 2,400 employees will lose their jobs at Phones 4u as the UK mobile retailer shuts down 362 of its stores, costing about 1,700 people their jobs, as announced...