Month: September 2019

Lockheed Martin will begin supplying wings for its F-16 combat jets from a facility in southern India from next year, a senior executive said on Thursday.

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Fatou Jallow borrowed money this year to spruce up her beachside restaurant in Gambia, expecting the usual winter droves of European tourists keen to sample her hearty stews and spicy West African rice dishes.

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The British parliament’s business committee has launched an inquiry into the collapse of travel group Thomas Cook and will seek to question the management over issues such as executive pay and accounting practices.

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British Airways parent IAG warned on Thursday that full-year profit will be hit by a pilots’ strike at the UK carrier and weaker sales by budget stablemates Vueling and Level.

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The United States has been granted approval to impose tariffs on European Union goods with an annual trade value of around $7.5 billion after some government support for European planemaker Airbus was ruled illegal, people familiar with the matter said.

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Fiat Chrysler’s luxury brand Maserati will invest at least 1.6 billion euros ($1.75 billion) to produce its first hybrid and electric models, including a new super sport car and a new sport utility vehicle, it said on Thursday.

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Apple Inc supplier Japan Display Inc said on Thursday that Chinese investment firm Harvest Group would withdraw from a bailout of the cash-strapped smartphone screen maker, increasing the chance of the 80 billion yen ($743 million) deal collapsing.

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U.S. business investment contracted more sharply than previously estimated in the second quarter and corporate profit growth was tepid, casting a shadow on an economy that is being stalked by financial market fears of a recession.

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Thyssenkrupp will weed out some potential suitors for its elevator unit within the next two weeks, two people familiar with the matter said, as the closely-watched auction gathers pace regardless of the planned ousting of CEO Guido Kerkhoff.

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U.S. stock index futures pared early gains on Thursday as investors assessed fresh developments related to an inquiry for the impeachment President Donald Trump.

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Food giant Nestle launched its “Awesome” vegan burgers in the United States on Thursday, seeking to tap into the country’s growing craze for plant-based meat.

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Samsung Electronics is to provide finance to potential smartphone buyers, a company executive said on Thursday, in a bid to boost smartphone sales in India where it faces fierce competition from rivals such as China’s Xiaomi.

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The number of Americans filing applications for unemployment benefits rose moderately last week, pointing to sustained labor market strength.

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Britain’s biggest carmaker, Jaguar Land Rover, will halt production at its British factories for a week in November, its boss said on Thursday, joining BMW and Toyota in plans to help mitigate any immediate disruption from a no-deal Brexit.

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Sabine Lautenschlaeger, who said on Wednesday she would quit as a European Central Bank board member, told staff she regretted leaving her post early but thought this was the best course of action given her situation.

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