Iranian Ayatollah Ali Khamenei expressed his support for an increase in fuel prices on Sunday, which led to protests throughout the country. Khamenei condemns the demonstrators and states that they have been “sabotaged” by enemies from abroad.
The American stock market watchdog SEC investigates whether the WeWork office space provider has violated the rules in the run-up to his canceled IPO. The Bloomberg news agency reports this based on insiders.
Another death was caused by the continuing unrest in Hong Kong. A 70-year-old cleaner got a rock on his head during a confrontation between demonstrators and pro-government protesters. He died in the hospital from his injuries.
The German car maker Daimler wants to reduce costs at Mercedes-Benz by 1 billion euros. The company does this by cutting the number of employees, among other things. The interventions must be completed by 2022.
The production of industry in the eurozone increased by 0.1 percent in September compared to a month earlier. The European statistical office Eurostat announced this.
The German aviation giant Lufthansa closed the third quarter of the year with less profit. Among other things, the company saw the effects of cost savings being offset by lower ticket prices. The latter is the result of the fierce competition on the European aviation market. The company also has more to spend on fuel.
The Chinese government wants to sell the former Anbang partially or completely. It was reported by The Financial Times based on insiders. Beijing took over control of the former owner of insurer Vivat two years ago, after CEO Wu Xiaohui had been put in jail for suspicion of fraud.
The British tobacco manufacturer Imperial Brands has seen its turnover grow in the past financial year. The maker of cigarette brands such as Gauloises, Winston and Davidoff and Rizla rolling papers did suffer a lot from an American ban on selling flavored e-cigarettes.