Lufthansa is ready to go into arbitration to resolve a long-running staff dispute, the CEO of Germany’s largest airline said on Thursday, as a walkout by flight attendants disrupted travel plans of tens of thousands of passengers.
German airline Lufthansa announced plans on Thursday to cut costs at its Austrian Airlines, Brussels Airlines and Lufthansa Cargo businesses to revive profits but faces a fresh challenge to its efforts with a cabin crew strike this week.
U.S. retailers are rushing in with faster-than-ever delivery deals and earlier Christmas promotions in hopes of easing the impact of this year’s shorter holiday selling season, a period that can be make-or-break for retailers.
The Russia-China Investment Fund is working to attract Chinese investors for Saudi Aramco’s planned initial public offering, the head of Russia’s RDIF sovereign wealth fund said on Thursday.
Brazil airline Azul SA reported a third-quarter net loss of 438 million reais, taking a hit from the depreciation of the Brazilian real, the company said on Thursday. Azul, Brazil’s third biggest airline, is expanding rapidly and, like other airlines in the country, has felt the impact of currency fluctuations because much of their expenses — especially aircraft rent, airport fees and fuel — are denominated in U.S. dollars. The carrier updated its operating margin forecast to 18%, from a previous range between 18% and 20% for the year. …read more […]
Lawyers for New York state and Exxon Mobil Corp will make closing arguments on Friday in the closely watched trial in the state’s lawsuit charging that the oil major hid from its investors the true costs of regulations aimed at curbing climate change. The case, filed in October 2018 in Manhattan state court, was the first of several climate-related lawsuits against major oil companies to go to trial. It featured testimony from investors, experts and former Exxon CEO Rex Tillerson, who flatly denied the allegations against the company. …read more […]
Russian internet giant Yandex has started testing autonomous delivery robots, the latest addition to its technological arsenal, the company said on Thursday. Yandex, often described as ‘Russia’s Google’, operates a number of services that could benefit from autonomous delivery, in particular its restaurant delivery service Yandex.Eda, e-commerce arm Yandex.Market, a joint venture with Russian lender Sberbank, and recently launched service for grocery delivery, Yandex.Lavka. Testing for the Yandex.Rover is already underway at its Moscow headquarters, where the device moves by itself but under human supervision, the company said in a statement. …read more […]
We wouldn’t blame FMC Corporation (NYSE:FMC) shareholders if they were a little worried about the fact that Pierre… …read more […]
Dish Network Corp posted a better-than-expected quarterly profit on Thursday, as the U.S. satellite TV service provider surprised Wall Street by adding more payTV subscribers.
The big shareholder groups in Evolus, Inc. (NASDAQ:EOLS) have power over the company. Institutions will often hold… …read more […]
Foundation Building Materials (NYSE:FBM) shares have had a really impressive month, gaining 31%, after some slippage… …read more […]
Alibaba Group’s logistics operator and Russia’s Pochta postal service have launched their first direct China-Russia cargo flights to deliver AliExpress goods purchased online by Russians, AliExpress Russia said on Thursday.
The bill to fix Rolls-Royce’s Trent 1000 engine has risen by another 800 million pounds ($1 billion) as the aerospace group battles to reduce disruption to airline customers that have had to ground Boeing 787 passenger planes for repairs.
The advisory body of China’s parliament has accepted the resignation from the body of JD.com Chief Executive Richard Liu for “personal reasons”, China’s state broadcaster CCTV reported on Thursday.
Uber said it “will likely” have to strike a licensing deal with Waymo or opt for costly changes to its autonomous driving software, after an expert found the ride-hailing giant still used technology from the Alphabet Inc unit.
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