WeWork says to become free cash flow positive by 2022
Office sharing startup WeWork on Tuesday brought forward its target for becoming free cash flow positive by a year to 2022 and said it expects...
IKEA new CEO targets ‘even more affordable’ furniture as habits shift
IKEA named insider Jon Abrahamsson Ring to succeed Torbjorn Loof as chief executive of the world’s biggest furniture brand on Tuesday as it adapts to...
Oil rises from 13-month low as new virus cases slow
Oil rose to $54 a barrel on Tuesday, recovering from a 13-month low as the number of new coronavirus cases slowed in China, easing some...
Under Armour forecasts surprise sales drop, coronavirus hit; shares fall
Under Armour Inc on Tuesday forecast a surprise drop in 2020 revenue, largely due to weakness in North America, and said the coronavirus outbreak in...
Futures rise on hopes virus may be over soon; Sprint soars
U.S. stock index futures rose on Tuesday as a top Chinese health adviser said the coronavirus outbreak may plateau in the next few weeks, while...
Sleeping giant awakens? Downside risks for euro grow
A drop in the euro/dollar exchange rate to a four-month low raises the prospect of a repricing of one of the world’s most important macro-economic...
M&S names Greencore’s Eoin Tonge as new finance chief
Marks & Spencer on Tuesday appointed Eoin Tonge, currently the chief financial officer of Irish food group Greencore , as its new finance chief, filling...
Small Hong Kong businesses count the cost of coronavirus
As the spread of coronavirus sends jitters across Hong Kong, usually bustling shopping malls, restaurants and retailers are deserted, leaving some small business owners contemplating...
Daimler’s Mercedes sales drive higher but charges put brakes on profit
Daimler reported a 64% fall in 2019 net profit, its largest drop in a decade, despite record high Mercedes-Benz sales as CEO Ola Kaellenius signed...
China central bank gives greenlight to Mastercard’s China JV for clearing business
China’s central bank said on Tuesday it has approved an application by Mastercard’s China joint venture to conduct bank card clearing operations in the country....