Business & Finance News
Deutsche Telekom has told supplier Nokia it must improve its products and service to win business installing the German group’s 5G wireless networks in Europe, according to internal documents and a source with direct knowledge of the matter.
Malaysia’s Prime Minister Mahathir Mohamad on Friday sought to clarify comments he made on bribery allegations linked to AirAsia Group .
L’Oreal’s shares rose on Friday after fourth-quarter figures from the French cosmetics company allayed concerns over the impact of China’s coronavirus health crisis on its business.
Fiat Chrysler has reached a settlement with Italian tax authorities over the valuing of its U.S. Chrysler business involving no cash payment or penalty, the group’s chief financial officer said.
Hong Kong Airlines said on Friday that it will slash 400 jobs and cut operations given weak travel demand because of the coronavirus outbreak, adding to financial woes for the city’s second-largest carrier.
Suzuki Motor Corp said on Friday it was considering sourcing vehicle components from outside China, as the spread of a new coronavirus in the country threatens to disrupt vehicle production in its biggest market, India.
Credit Suisse Chief Executive Tidjane Thiam has quit after losing a power struggle within Switzerland’s second-biggest bank as it seeks to move past a widening spying scandal that has prompted ever-louder calls for changes in leadership.
Burberry said on Friday the outbreak of coronavirus in China was hurting luxury demand in the mainland and Hong Kong, both important markets for the British brand.
Hong Kong Airlines will slash 400 jobs as the coronavirus outbreak adds to financial troubles for the carrier, the South China Morning Post reported on Friday, citing two sources familiar with the plan.
Honda Motor Co raised its forecast for full-year operating profit by 6% on Friday, with a weaker yen increasing the value of its overseas sales.
Honda Motor Co raised its forecast for full-year operating profit by 6% as a weaker yen increased the value of overseas sales.
Suzuki Motor Corp reported on Friday an 11% fall in third-quarter operating profit to its lowest in roughly three years as vehicles sales in Japan, Pakistan and Thailand slipped, while demand in India, its biggest market, stayed weak.
Japanese telco SoftBank Corp on Friday reported a 15% rise in third-quarter operating profit, beating estimates, underpinned by its mobile business.
Credit Suisse said on Friday it had accepted Chief Executive Tidjane Thiam’s resignation following a spying scandal. The Zurich-based bank said he would be replaced by Thomas Gottstein, the head of the bank’s Swiss business.
Pretty much everyone on Wall Street has an opinion about Tesla.
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