Incoming Nokia CEO says too early to comment on strategic changes
Finnish telecom equipment maker Nokia’s incoming chief executive Pekka Lundmark told a news conference on Monday it was too soon to talk about any strategic...
More traffic, night lights show China’s factories restart as new virus cases drop
Nearly 300 million people have gone back to work in China since the Lunar New Year break as more companies restart business and coronavirus travel...
Think-tank report on Uighur labor in China lists global brands
Tens of thousands of ethnic Uighurs were moved to work in conditions suggestive of “forced labour” in factories across China supplying 83 global brands, and...
Lufthansa calls off flights to China until April 24 and Tehran until April 30
Lufthansa said on Monday that it was suspending flights to China until April 24 and to Tehran until April 30 due to the coronavirus outbreak....
Oil rebounds over 4% as hopes of OPEC cut, stimulus counter virus gloom
Oil prices jumped more than 4%, up from multi-year lows hit earlier on Monday, as hopes of a deeper cut in output by OPEC and...
Nokia appoints Fortum CEO Lundmark to replace Suri from September
Nokia Chief Executive Rajeev Suri will step down in September and be replaced by Pekka Lundmark, who used to work for the Finnish company and...
Hyundai reports lowest monthly sales in decade as virus dents demand
Hyundai Motor reported its lowest monthly global sales in a decade in February as the coronavirus outbreak hurt demand, in what is the first major...
Coronavirus expected to hurt U.S. earnings harder and longer
The hit to U.S. corporate earnings from the coronavirus epidemic is getting harder and messier to predict....
Hyundai Motor’s February sales down 13% amid coronavirus outbreak
South Korea’s Hyundai Motor said on Monday its sales fell 13% on-year to 275,044 vehicles globally in February amid a coronavirus outbreak that disrupted supply...
Oil comes off lows as hopes of OPEC cut, stimulus counter virus gloom
Oil prices rebounded more than $1 a barrel after earlier hitting multi-year lows on Monday, as hopes of a deeper cut in output by OPEC...