Articles by admin

The German factories operated by Thyssenkrupp’s elevator division need to be optimized, the unit’s chief executive said, adding talks with labor representatives have already started.

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U.S. President Donald Trump has days to decide whether to impose tariffs on nearly $160 billion in Chinese consumer goods just weeks before Christmas, a move that could be unwelcome in both the United States and China.

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After the initial euphoria had subsided, Mexican business leaders emerged bruised and resigned to a new stricter trade deal with the United States and Canada that could usher in more intrusive enforcement of labor rules in Mexico.

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Saudi Aramco shares opened at 35.2 riyal ($9.39) on Wednesday, 10% above their IPO price of 32 riyals, in their first day of trading following a record initial public offering.

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Oil prices fell on Wednesday after industry data showed an unexpected build in U.S. crude inventories and as investors waited for news on whether a fresh round of U.S. tariffs on Chinese goods would take effect on Sunday.

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Global airlines reduced a forecast for industry-wide profits in 2019 under the weight of trade tensions, but predicted a modest recovery next year on the assumption that tariff wars will recede in the run-up to the U.S. presidential election.

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The German government confirmed on Wednesday it was willing to repay customers of insolvent Thomas Cook as the tour operator’s insurance coverage was not sufficient.

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Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.

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European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods, while two major central banks held policy meetings.

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Porsche has taken down payments from 30,000 customers in Europe for its Taycan, the luxury car maker’s first fully electric model, CEO Oliver Blume told Germany’s Handelsblatt newspaper.

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Thyssenkrupp’s elevator unit, which has been put up for sale by the ailing conglomerate, aims to improve its profitability through cost cuts, more efficient factories and a higher share of lucrative service contracts, it said on Wednesday.

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