Business

Wirecard's chief executive quit on Friday as the German payments firm's search for $2.1 billion of missing cash hit a dead end in the Philippines and it scrambled to secure a financial lifeline from its banks.

The U.S. current account deficit dipped to a near two-year low in the first quarter as the COVID-19 pandemic restricted the flow of goods and services, while companies continued to repatriate profits back home.

France's top administrative court upheld a 50 million-euro fine ($56 million) imposed last year on Alphabet's Google for breaching European Union online privacy rules, it said on Friday.

British security officials have told UK telecom operators to ensure they have adequate stockpiles of Huawei equipment due to fears that new U.S. sanctions will disrupt the Chinese firm's ability to maintain critical supplies, according to a letter seen by Reuters.

Volkswagen wants to use an open-source approach to refine elements of a software-based car operating system being developed by the carmaker, Christian Senger, its board member responsible for digital services and software, said.

At 7am on Friday morning, Dean d'Arco, 31, a phone shop manager from Belfast, Northern Ireland, logged on for his last day as a round-the-clock armchair stock market trader.