Adidas expects supply chain issues to curb sales growth in the first half of the year, particularly in North America, but said it hopes to see off a challenge from Nike in Europe and return to growth in the region.
Volkswagen will cut up to 7,000 positions, aim to boost productivity and deliver 5.9 billion euros ($6.7 billion)of annual savings at its core VW brand by 2023, in its latest attempt to raise profitability at its top-selling division.
Ethiopian Airlines said on Wednesday it would send the black boxes from its crashed Boeing 737 MAX abroad for expert analysis, and a Norwegian airline sought compensation after it grounded its models in the wake of the disaster.
Travel websites have begun to respond to consumer concern and the grounding of Boeing’s 737 MAX planes by changing policies and introducing new options that exclude flights on those planes from customer queries.
Standard Chartered PLC has seen the departure of at least four senior Asia-based bankers from its private banking unit in recent months, three people with direct knowledge of the matter said, amid growing earnings pressure at the business.
Boeing Co should ground all of its 737 MAX 8 jets until it is established that they are safe to fly, the chief executive of Ethiopian Airlines told the BBC on Wednesday.
Spotify has filed a complaint with EU antitrust regulators against Apple, saying the iPhone maker unfairly limits rivals to its own Apple Music streaming service.
World shares slipped on Wednesday after two days of gains amid mounting concern over world growth and trade, though the British pound rallied half a percent on optimism that lawmakers were set to rule out a no-deal Brexit.
Ethiopian Airlines said on Wednesday it would send the black boxes from its crashed Boeing 737 MAX abroad, while a Norwegian airline sought compensation from the U.S. planemaker after two thirds of that model were grounded globally.
Egypt has barred the passage, takeoff and landing of Boeing 737 MAX aircraft, the civil aviation ministry said in a statement on Wednesday.
The black boxes from Sunday’s plane crash in Ethiopia could be sent to a “closer country in Europe” rather than the United States for analysis, the chief executive of Ethiopian Airlines told CNN on Wednesday.
Uzbekistan’s civil aviation agency on Wednesday barred Boeing 737 Max jets from taking off or landing at local airports for one month, following two fatal crashes involving the aircraft in Indonesia and Ethiopia.
Lebanon’s aviation authority on Wednesday said it had banned all Boeing 737 MAX planes from landing in Beirut or flying in Lebanese airspace, state news agency NNA said.
South Korea’s leading proxy adviser KCGS recommended shareholders vote against U.S. activist investor Elliott Management’s proposals for dividends and board members at Hyundai Mobis, according to its report.
Volkswagen on Wednesday said it will shrink its workforce by up to 7,000 staff, raise productivity and eke out 5.9 billion euros worth of annual savings at its core VW brand by 2023 in a bid to raise VW’s operating margin to 6 percent.
Copyright 1997-2019 Wall Street Reporter / Octagon Media Corp.
