Airbus unveils leaner structure, confirms sales shake-up Airbus on Monday formally kicked off a leaner corporate structure under Chief Executive Tom Enders, following a recent merger between its parent company and its dominant planemaking arm, and confirmed a reorganization of its commercial sales. Confirming changes first announced last year, the […]
Business
Business
U.S. consumer spending rises modestly, inflation cools U.S. consumer spending rose modestly in May and inflation cooled, pointing to a slow-but-steady economic expansion that could still lead the Federal Reserve to raise interest rates by the end of the year. The data, released by the Commerce Department on Friday, bolstered […]
British Airways cabin crew begin two-week strike in pay dispute Some British Airways cabin crew began a two week strike on Saturday in a prolonged pay dispute, risking further brand damage and travel disruption, although the airline said most passengers would be able to fly. Members of BA’s “mixed fleet” […]
Asia stocks pressured as Wall St. hit by healthcare vote delay Asian shares slumped on Wednesday after Wall Street was knocked hard in the wake of a delay to a U.S. healthcare reform vote, while the euro rallied after European Central Bank President Mario Draghi hinted that the ECB could […]
Oil up on weaker dollar, supply glut caps gain Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar and investors covering short positions, but worries over persistent oversupply capped gains. Brent crude futures LCOc1, the international benchmark for oil prices, had gained 25 cents […]
Germany plans new emissions testing body after VW scandal The German transport ministry announced plans on Tuesday to set up a new institute to test vehicle emissions to try to restore consumer confidence after the Volkswagen (VOWG_p.DE) scandal. The ministry said it would found a new testing institute involving the […]
Stocks, dollar ease ahead of slew of central bank speeches Commodity-related shares rebounded on the back of firmer oil and metals prices, helping to limit losses in other sectors, while the dollar eased in anticipation of a possible hint from the Federal Reserve on the timing of an expected rate […]
Products at Center of London Fire Faced Tougher Rules in U.S. Two products made by American manufacturers that played a major role in the deadly inferno in London had been assailed for their fire risks and faced tighter restrictions in the United States. Such regulatory gaps expose how multinational corporations […]
CNN accepts resignations of 3 involved in retracted story CNN accepts resignations of 3 involved in retracted story:- CNN accepted the resignations Monday of three journalists involved in a retracted story about a supposed investigation into a pre-inaugural meeting between an associate of President Donald Trump and the head of […]
Honda engineer debunks own claim about cause of Takata air bag failures Honda Motor Co (7267.T) on Friday released a 2013 email in which one of its engineers suggested that he knew some hidden truth about “the root cause” of Takata Corp (7312.T) air bag failures, but the engineer later […]
