Business & Finance News
Lufthansa said on Wednesday it would use the next seven days to try to reach a solution in a wage dispute with employees after trade union UFO said it would announce strikes if the airline does not make concessions.
German auto supplier Continental on Wednesday said it would pare back its engine manufacturing activities as more stringent emissions rules threaten demand for combustion engine components, resulting in around 5,040 job losses by 2028.
Lowe’s Cos Inc raised its annual profit forecast on Wednesday, helping ease concerns over the health of the U.S. consumer after larger rival Home Depot Inc cut its full-year sales estimates ahead of the all-important holiday season.
James Bond’s carmaker of choice Aston Martin took a first step into the lucrative SUV market on Wednesday with an eye on winning female customers, hoping it can dig itself out of a financial black hole.
Technology company Prosus on Wednesday criticized rival suitor Takeaway.com’s bid for British food delivery service Just Eat, saying it presents “significant risks” for shareholders.
Apple Inc said on Wednesday it had started construction of a new campus in Austin, Texas, beside its existing facility where it makes the new MacBook Pro laptops.
Saudi Aramco plans meetings with investors in Dubai next week, sources said, in which it is seeking to raise up to $25.6 billion in the world’s biggest share sale.
Apple Inc Chief Executive Tim Cook will give U.S. President Donald Trump a personal tour of its Texas computer factory on Wednesday, the latest sign of a close relationship between two of America’s most powerful men.
Target Corp raised its full-year profit forecast after posting better-than-expected quarterly results on Wednesday, signaling a strong holiday season for the big-box retailer as it benefits from same-day delivery services and revamped stores.
South African Airways (SAA) is running out of cash and could be liquidated if the government doesn’t give it additional guarantees soon, a board member said on Wednesday, as trade unions threatened to escalate a crippling strike.
Swedbank’s chief executive Jens Henriksson vowed on Wednesday to “get to the bottom” of an alleged funds transfer from a Russian arms company, which Swedish public service broadcaster SVT said may have violated U.S sanctions.
Loss-making Norwegian Air has appointed Jacob Schram as chief executive to take charge of the budget carrier’s ongoing restructuring as it struggles with a low-cost, long-haul model in an overcrowded industry.
Royal Dutch Shell’s gender pay gap in Britain edged higher in 2019 following the acquisition of a utility company, with women earning on average 18.7% less than men.
Swedbank CEO Jens Henriksson pledged to “get to the bottom” of an alleged transfer of funds from a Russian arms company which Swedish broadcaster SVT on Wednesday said may have violated U.S sanctions against Russia.
Lowe’s Cos Inc missed quarterly same-store sales estimates on Wednesday, as the home improvement chain faced intense competition from Home Depot Inc .
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