Thierry Antinori addresses the media after the first landing of an Emirates Airbus A380 in Frankfurt’s airport, September 1, 2014. REUTERS/Kai Pfaffenbach DUBAI (Reuters) – Emirates Chief Commercial Officer Thierry Antinori has resigned, a spokeswoman said on Sunday, days after the Gulf airline announced its weakest profit in a decade. Antinori, also an executive vice
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DUESSELDORF (Reuters) – Management and labor leaders at Germany’s Thyssenkrupp have agreed on a way forward after the industrial conglomerate announced a fresh restructuring drive that could lead to the loss of 6,000 jobs. FILE PHOTO: Guido Kerkhoff, CEO of steelmaker Thyssenkrupp AG, speaks during the annual shareholders meeting in Bochum, Germany, February 1, 2019.
BEIJING/FRANKFURT (Reuters) – China’s BAIC Group is seeking to buy a stake of up to 5 percent in Daimler as a way to secure its investment in Chinese Mercedes-Benz manufacturing company Beijing Benz Automotive, three sources familiar with the matter told Reuters. FILE PHOTO: The logo of Beijing Automotive Group (BAIC) is seen during the
NEW YORK (Reuters) – Stock valuations have climbed to levels reached just before Wall Street’s late 2018 plunge, leaving the market at risk of shocks such as the sell-off this week as global trade tensions mounted. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May
WASHINGTON (Reuters) – Top U.S. and Chinese trade negotiators concluded the first of two days of talks on Thursday to rescue a trade deal that is close to collapsing as Washington prepares to go ahead with plans to hike tariffs on hundreds of billions of dollars of goods imported from China. Tension between Washington and
WASHINGTON (Reuters) – Billionaire entrepreneur Jeff Bezos, founder of rocket company Blue Origin, unveiled on Thursday a mockup of a lunar lander spacecraft and discussed missions to the moon in a strategy tailored to the U.S. government’s renewed push to establish a lunar outpost in just five years. Founder, Chairman, CEO and President of Amazon
(Reuters) – China’s CRRC plans to bid on a big Washington D.C. subway project as it doubles down on a charm campaign in the United States to quash a rising chorus of critics who have cast the rail car maker as a threat to cyber security and U.S. industry. FILE PHOTO: Men work on a
(Reuters) – Walt Disney Co’s theme parks lifted quarterly earnings past Wall Street targets on Wednesday, helping offset big investments to support the media and entertainment company’s bid to draw audiences to streaming media. FILE PHOTO: The entrance to Walt Disney studios is seen in Burbank, California, U.S. August 6, 2018. REUTERS/Lucy Nicholson/File Photo Shares
MUMBAI/NEW DELHI (Reuters) – In 2016, Rajesh Raut started driving an Uber taxi in Mumbai, hoping he could earn more than the $215 he received each month for making flatbreads at a roadside stall. Rajesh Raut, a former Uber driver, prays inside the truck that he currently drives and lives in, at a street in
FILE PHOTO: Facebook COO Sheryl Sandberg testifies before a Senate Intelligence Committee hearing on foreign influence operations on social media platforms on Capitol Hill in Washington, U.S., September 5, 2018. REUTERS/Joshua Roberts/File Photo WASHINGTON (Reuters) – With a multibillion-dollar settlement looming for Facebook over user privacy violations, Chief Operating Officer Sheryl Sandberg was meeting with
BEIJING/WASHINGTON (Reuters) – Chinese Vice Premier Liu He will visit the United States this week for trade talks, Beijing said on Tuesday, playing down a sudden increase in tensions after U.S. President Donald Trump vowed to impose new tariffs. FILE PHOTO: Chinese Vice Premier Liu He, U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative
WASHINGTON (Reuters) – U.S. stock prices are “elevated” and business debt is at historic levels, but the financial system overall “appears resilient” with low levels of leverage and less of a destabilizing run in key markets, the Federal Reserve said in its latest report on financial stability. Traders work on the floor at the New
FILE PHOTO: People pass in front of a Volkswagen logo ahead of the Shanghai Auto Show, in Shanghai, China April 15, 2019. REUTERS/Aly Song/File Photo BERLIN (Reuters) – German carmaker Volkswagen will join forces with China’s NIU to produce battery-powered kick scooters, German newspaper Die Welt reported on Monday without giving sources. The companies will
CHICAGO/WASHINGTON (Reuters) – Boeing Co (BA.N) did not tell U.S. regulators for more than a year that it inadvertently made an alarm alerting pilots to a mismatch of flight data optional on the 737 MAX, instead of standard as on earlier 737s, but insisted on Sunday the missing display represented no safety risk FILE PHOTO:
JENA, Germany (Reuters) – From the 12th floor of Jenoptik’s headquarters, chief executive Stefan Traeger points to his laser factory and the university that provides it with talent. Welcome to “Optics Valley” – a role model for Germany’s East in a big year for the region. The Goethe Galerie shopping mall next to the headquarters
OMAHA, Neb. (Reuters) – Warren Buffett on Saturday signaled his commitment to Kraft Heinz Co and defended his actions toward Wells Fargo & Co, two of the largest investments at his Berkshire Hathaway Inc, despite mistakes at both that have caused many investors to sour on them. Buffett, 88, spoke before tens of thousands of
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