How Uber drains carmaker profits in Latin America’s biggest market
Like many Uber drivers in Sao Paulo, the ride-hailing app’s busiest city in the world, Augusto Caio Pereira does not actually own or lease the...
IATA revises down 2019 airline profits, sees stability in 2020
Global airlines reduced a forecast for industry-wide profits in 2019 under the weight of trade tensions, but predicted a modest recovery next year on the...
Oil prices fall as U.S. crude stocks jump
Oil prices fell on Wednesday after industry data showed an unexpected build in U.S. crude inventories and as investors waited for news on whether a...
Germany confirms it will repay customers of insolvent Thomas Cook
The German government confirmed on Wednesday it was willing to repay customers of insolvent Thomas Cook as the tour operator’s insurance coverage was not sufficient....
Interview: Aramco IPO to help Saudi economic shift from oil – finance minister
Saudi Aramco’s listing will boost the kingdom’s efforts to diversify from oil as the bulk of proceeds will be injected in domestic projects, while the...
Mexican businesses want clarity on details of USMCA trade deal
After the initial euphoria had subsided, Mexican business leaders emerged bruised and resigned to a new stricter trade deal with the United States and Canada...
Porsche’s electric Taycan draws interest from 30,000 buyers: Handelsblatt
Porsche has taken down payments from 30,000 customers in Europe for its Taycan, the luxury car maker’s first fully electric model, CEO Oliver Blume told...
Aramco to become world’s largest listed company -bourse
Saudi Aramco will become the world’s largest listed company when it debuts on the kingdom’s stock exchange on Wednesday, the bourse’s chairwoman said....
Saudi Aramco shares jump 10% on stock market debut
Saudi Aramco shares opened up 10% on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi...
Thyssenkrupp’s elevator unit seeks margin boost ahead of sale
Thyssenkrupp’s elevator unit, which has been put on the block by the ailing conglomerate, aims to narrow a margin gap with rivals through cost cuts,...