Business & Finance News
German airline Lufthansa is only interested in investing in struggling Italian airline Alitalia [CAITLA.UL], which is running out of cash and racing to find new funds, once it has been restructured, its chief executive said on Thursday.
China is considering the removal of restrictions on poultry imports from the United States, state-owned Xinhua News Agency reported on Thursday.
Dubai International, the world’s busiest airport for international travelers, reported a 2.4% fall in third-quarter passenger traffic on Thursday.
A cargo of American soybeans booked in the hope it would be exempt from tariffs has been offloaded in China after about a one-week delay due to a dispute between the buyer and customs officials over duty payments, said two sources briefed on the matter.
Toyota Motor Corp plans a $1.8 billion share buyback, Japan’s biggest automaker said on Thursday, after beating quarterly forecasts on higher global vehicle sales and an improved performance in North America.
Oil rose above $62 a barrel on Thursday after China hinted at progress toward a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and fuel demand.
LafargeHolcim has taken note of a French appeal court decision to drop the charge of complicity in crimes against humanity brought against Lafarge SA over its operations in Syria, the Swiss cement maker said on Thursday.
Ford Motor Co will consider building Ford-branded pickup trucks in China if restrictions on driving pickups in cities are relaxed and it could also roll out customized models at that time, a senior company official said.
Europe’s share markets hit a more than 4-year peak and bond yields shuffled higher on Thursday, as Beijing signaled a ‘phase 1’ trade deal with the United States was close to being sealed.
A power struggle has escalated at Germany’s Deutsche Bahn [DBN.UL], with the position of finance chief Alexander Doll at risk, company sources said ahead of a special meeting of the supervisory board of the railway company on Thursday.
Lufthansa flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights.
China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said on Thursday, without specifying a timetable.
There is more than a one-in-five chance that Britain remains in the European Union and there’s a greater likelihood of that outcome than a no-deal Brexit, said Peter Fitzgerald, head of multi-asset management at Aviva Investors.
Oil prices rose on Thursday amid new hints from China on progress towards a trade deal with the United States, offsetting downward pressure from a huge increase in U.S. crude stockpiles.
China and the United States have agreed in the past two weeks to cancel tariffs imposed during their months-long trade war in different phases, the Chinese commerce ministry said on Thursday.
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