Business & Finance News
France stood by embattled Renault boss Carlos Ghosn on Wednesday, saying it wanted evidence from industry partner Nissan to support misconduct allegations against him, and added that both Paris and Tokyo wanted a stable carmaking alliance.
The United States and opponents of President Donald Trump’s steel and aluminum tariffs both confirmed their wish to litigate on Wednesday, triggering the procedure for World Trade Organization dispute hearings, a Geneva trade official said.
Bombardier Inc is to cut 490 jobs at its Belfast operations, the Canadian company announced on Wednesday.
Irish budget airline Ryanair enjoyed the busiest day in history for its website this week and has not seen any impact on demand from British or European consumers due to Brexit, it’s chief marketing officer said on Wednesday.
World stocks steadied on Wednesday and Wall Street was set to open firmer after the previous session saw $1 trillion wiped off the value of leading tech shares, while oil prices staged a modest rebound after slumping to one-year lows.
LATAM Airlines, the biggest airline group in Latin America, reported a quarterly net profit of $53 million on Tuesday, down from $160 million a year earlier, as it faced increased competition from low-cost competitors.
Canada’s Bombardier Inc plans to reduce its Belfast workforce by 490, the BBC reported on Wednesday citing union sources.
Taiwan’s Foxconn aims to cut 20 billion yuan ($2.88 billion) from expenses in 2019 as the company faces “a very difficult and competitive year”, Bloomberg reported on Wednesday, citing an internal memo.
British company structures which hide the identity of those behind them were branded a disgrace by the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal involving Danske Bank .
Wells Fargo & Co is fighting to shut some customers out of a sweeping plan to compensate around 600,000 drivers it pushed into car insurance they did not need, according to court documents and a source familiar with the effort.
Amazon on Wednesday opened its first pop-up store in Spain in an old building in one of Madrid’s prime shopping districts styled as a house with everything for sale, from electronic goods to video games to clothing.
Japan said it is ready to work for the stability of the Nissan-Renault global alliance following the stunning arrest of common Chairman Carlos Ghosn, but a Nissan executive said the Japanese automaker is seeking ways to weaken the influence of its French partner.
Airbus on Wednesday named new financial and operations chiefs as part of a complete leadership overhaul as it emerges from months of internal strife caused by legal problems and delays in meeting record output goals.
British company structures which hide the identity of their beneficiaries are a “disgrace”, the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal involving Danske Bank said.
Deutsche Bank played a secondary role as a so-called correspondent bank to Danske Bank , limiting the need to know about the people behind the transactions, the German lender’s regulation chief said on Wednesday.
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