Telecoms equipment maker Ericsson beat quarterly core earnings expectations on Thursday and lifted its market forecast for this year and its sales target for 2020, saying demand for superfast 5G networks was taking off earlier than expected.
Domino’s Pizza Group Plc , Britain’s biggest pizza delivery company, said on Thursday it will exit its international markets, where it has been facing mounting losses.
Unizo Holdings’ top shareholder urged the hotelier on Thursday to consider “in good faith” Blackstone Group’s proposed $1.6 billion tender offer, warning it would consider measures if the board fails to act in accordance with its duty.
China’s industry ministry on Thursday said it has added Tesla Inc to a government list of approved automotive manufacturers, granting the manufacturing certificate that the electric vehicle maker needs to start production in the country.
Consumer goods giant Unilever reported weaker than expected third-quarter sales, citing softer demand in India and a slowdown in China, two of its biggest emerging markets.
TOKYO/SYDNEY, Oct 17 (Reuters) – Sterling faltered on fading hopes of a Brexit deal on Thursday, while a five-session rally in Asian stocks ran out of steam as weak U.S. retail sales fanned fears about the health of the world’s biggest economy. Investor focus was shifting to the United Kingdom where Northern Ireland’s Democratic Unionist Party said it could not support the Brexit deal as it currently stands. …read more […]
French food and drinks multinational Danone is the latest company shaking up the world’s $19 billion bottled water industry by switching some of its plastic bottles, which pollute oceans, to aluminum cans.
Global bottled water giants are ramping up trials of easily recyclable aluminum cans to replace plastic that pollutes the world’s seas. Sound like a slam-dunk for the environment? Not entirely.
Domino’s Pizza Group Plc , Britain’s biggest pizza delivery company, said on Thursday it will exit its international markets, where it has been facing mounting losses.
Food group Nestle plans to return up to 20 billion Swiss francs ($20.13 billion) to shareholders over the next two years and is making changes to its struggling waters business after organic sales growth dipped to 3.7% in the third quarter from 3.9% in the previous quarter.
Telecoms equipment maker Ericsson reported quarterly core earnings well ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger 5G market and currency effects.
Mossack Fonseca, a Panamanian law firm at the center of the “Panama Papers” scandal, has filed a lawsuit against Netflix Inc over its new movie based on the case, accusing the video streaming company of defamation and seeking to stop the film’s release.
Qatar Airways said it may convert its 10 orders for the Boeing Co ultra-long-range 777-8 widebody jet to the larger 777-9, depending on the performance of the 777-9.
Telecoms equipment maker Ericsson reported quarterly core earnings far ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger market and currency effects.
Telecoms equipment maker Ericsson reported quarterly core earnings well ahead of market expectations on Thursday and lifted its 2020 sales target citing a stronger 5G market and currency effects. The Swedish company, which together with Nokia and Huawei sells the bulk of the radio access network equipment that is key for next generation 5G mobile services, said it was now targeting sales of 230-240 billion crowns ($23.5-24.5 billion) in 2020, up from 210-220 billion previously. “5G is taking off earlier than anticipated”. …read more […]
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