Business & Finance News
South African Airways (SAA) has nearly no cash left and may miss salary payments this month, a board member said on Wednesday, as a crippling six-day strike has pushed the state-owned airline to the brink of financial collapse.
The two companies vying to purchase British food delivery service Just Eat traded barbs on Wednesday, as technology company Prosus and Takeaway.com each sought to win over a critical mass of shareholders.
Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier’s restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.
Emirates agreed to buy its first Boeing 787 Dreamliners in a last-minute, $9 billion deal at the Dubai Airshow on Wednesday while reducing its order for the U.S. planemaker’s delayed 777X model.
BENGALURU/BEIJING – Chinese airlines are adding seats on short- and mid-range Asian flights in a strategic shift away from prestigious but loss-making North American routes to a market that promises better returns and growth.
Small car platforms developed by France’s Peugeot should be favored if plans to merge PSA and FiatChrysler go ahead, PSA executive Gaetano Thorel told Reuters on Wednesday.
Wall Street’s three main indexes opened lower on Wednesday on concerns that increasing political strain between Washington and Beijing could derail trade negotiations between the two sides.
Wall Street’s main indexes were set to fall at the open on Wednesday, as escalating political tensions between Washington and Beijing sparked fears that the two sides could fail to reach a trade agreement soon.
Electric scooter company Superpedestrian on Wednesday said it had raised $20 million for its diagnostic software that can spot impending hardware failure, a major problem for scooter operators.
China’s top sport-utility vehicle maker Great Wall Motor aims to sell 300,000 of its premium brand WEY vehicles a year by 2025, its chairman said on Wednesday.
The U.S. aviation regulator will ensure certification of Boeing’s 777X wide-body jet is conducted rigorously, the agency’s head said on Wednesday while reaffirming that its review of the grounded 737 MAX will not be rushed.
A trade union representing Lufthansa’s cabin-crew on Wednesday threatened strikes that could fall during the busy Christmas period if Germany’s biggest airline does not make concessions in a wage dispute.
BMW is in talks with labor representatives and its top suppliers as it seeks to achieve cost savings of more than 12 billion euros ($13.26 bln) by 2022, Chief Financial Officer Nicolas Peter told analysts on Wednesday.
Target Corp raised its full-year earnings forecast on Wednesday, signaling a strong holiday season as the retailer benefits from its investments in same-day delivery services and store revamps, sending its shares up 9%.
Trade union UFO said on Wednesday that it would announce strikes that could fall during the Christmas period if Lufthansa does not make concessions in a wage dispute.
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