BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 bln) legal provision.
Brazil’s Petroleo Brasileiro SA drew plaudits from investors last month for announcing a plan to sell off eight of its refineries in a process the company says could fetch some $15 billion.
Like many transplants to Chicago, Chris Easton needed to adjust to winter after moving from Atlanta to take a job as a database engineer at the accounting firm EY.
World markets steadied on Tuesday after being rattled by U.S. President Donald Trump’s latest threat to ramp up trade tariffs on China, though Turkey’s lira was back in trouble as concerns about its politics erupted again.
Lufthansa will make an offer for Thomas Cook’s German airline Condor with an option to acquire the remaining airlines of the British travel group, Lufthansa’s CEO said on Tuesday.
BMW’s Chief Executive Harald Krueger on Tuesday said there are no plans for the Bavarian carmaker to take a stake in rival Daimler as the two carmakers continue talks on how to deepen cooperation in the area of autonomous vehicles.
BMW’s first-quarter operating profit fell 78 percent to 589 million euros, despite higher deliveries of luxury vehicles, as the carmaker felt the effects of higher investment spending and a 1.4 billion euro ($1.6 bln) legal provision.
Chinese Vice Premier Liu He will visit the United States this week for trade talks, Beijing said on Tuesday, playing down a sudden increase in tensions after U.S. President Donald Trump vowed to impose new tariffs.
Adecco Group Chief Executive Alain Dehaze expects ongoing problems in the automotive sector to dampen demand for temporary workers in Germany while the staffing company is struggling to find enough qualified staff in the United States.
Samsung Electronics said on Tuesday it cannot confirm the shipping date for its foldable device Galaxy Fold yet and apologized to its pre-order customers in the United States for the delay.
Germany’s largest airline Deutsche Lufthansa will make a non-binding offer for Thomas Cook’s Condor with an option to acquire the remaining airlines of the British group, Lufthansa’s CEO said on Tuesday.
International Monetary Fund (IMF) head Christine Lagarde said on Tuesday that China and the United States must resolve their trade tensions because they threaten the global economy.
Samsung Electronics said on Tuesday it cannot confirm the shipping date for its foldable device Galaxy Fold yet and apologized to its pre-order customers in the United States for the delay.
Tariffs won’t resolve any problems in the ongoing bilateral trade dispute between China and the United States, China’s foreign ministry said on Tuesday.
The United States and China must avoid escalating trade tensions in their current negotiations to keep global growth on track, French Finance Minister Bruno Le Maire said on Tuesday.
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