Business & Finance News
Tesco, Britain’s biggest retailer, said it is considering trialing an upmarket convenience store under the ‘Tesco finest’ banner but has not disclosed when a pilot would start.
Wizz Air will use 20 new extended-range, narrow body Airbus jets primarily to connect existing destinations in its disparate network rather than to fly to new places, the budget airline’s Chief Executive Jozsef Varadi said on Wednesday.
China’s Geely has picked Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software.
Airbus struck a 50-plane deal with veteran low-cost airline investor Bill Franke on Wednesday, bouncing back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing’s grounded 737 MAX jet.
Boeing Co seized on a lull in firm orders for passenger jets to sign more than $100 million in contracts for digital services for its newer but fast-growing global unit as the Paris Airshow enters a third day on Wednesday.
The European Commission said on Wednesday it had cleared 431 million euros ($482.8 million) of public support by German authorities to cities to adapt diesel-powered municipal and commercial vehicles to reduce their nitrogen oxide emissions.
Airbus unveiled an aircraft deal with Taiwan’s China Airlines on Wednesday, snatching the carrier’s medium-haul fleet renewal from Boeing a day after its U.S. rival made a shock entry into the single-aisle fleet of British Airways owner IAG.
Apple Inc has asked its major suppliers to assess the cost implications of moving 15% to 30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wednesday.
Oil prices were broadly steady on Wednesday as data suggesting a smaller-than-expected fall in U.S. crude inventories countered support from hopes for a U.S.-China trade deal.
Taiwan’s China Airlines Ltd has provisionally ordered up to six Boeing Co 777 freighters, the companies said on Wednesday, as the carrier attempts to modernize its cargo fleet.
World stocks held near two-week highs on Wednesday as investors bet on a worldwide wave of central bank stimulus, with expectations building that the United States and the euro zone may deliver interest rate cuts as early as July.
The European Union’s second highest court ruled on Wednesday that Adidas’s three-stripe branding was invalid as a trademark as it lacked a distinctive character.
Four decades of dealings between China and the United States show that positive outcomes were always possible, China’s foreign ministry said on Wednesday, after their presidents agreed to rekindle trade talks at a G20 meeting this month.
The United States has fined several companies for exporting goods via a Chinese-owned special economic zone in Cambodia in a bid to dodge President Donald Trump’s tariffs on Chinese imports, a U.S. Embassy official told Reuters on Wednesday.
The European Union’s second highest court ruled on Wednesday that Adidas’s trademark consisting of three parallel stripes was invalid.
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