IKEA’s online sales surge 43%
IKEA’s online sales surged 43% in the 12 months to the end of August, helping to drive overall retail sales at the world’s biggest furniture...
VW workers applaud chairman despite indictment
Volkswagen workers applauded Chairman Hans Dieter Poetsch at a mass meeting of employees at its headquarters on Wednesday, according to a participant, as staff appeared...
Renault ready to be part of a European batteries project: chairman
Renault is ready to be part of a European batteries project provided it makes economic sense to do so, the French carmaker’s chairman said on...
Nintendo’s Mario mobile game suffers launch day server overload
Nintendo Co Ltd’s hotly awaited mobile title Mario Kart Tour launched on Wednesday with many users complaining server overload meant they were unable to play...
Saudi Aramco restores oil output earlier than expected: sources
Saudi Arabia has restored its oil production capacity to 11.3 million barrels per day after Sept. 14 attacks on oil facilities, three sources briefed on...
Saudi Aramco seeks project finance loan of more than $1 billion: sources
Saudi Aramco has asked banks to submit proposals for a project finance loan of more than $1 billion, two sources with direct knowledge of the...
Luxury group Kering trims Puma stake with 500 million euro bond
French luxury group Kering moved to reduce its remaining stake in Puma on Wednesday by issuing bonds that can be exchanged for shares in the...
Top shareholder Cevian backs new Thyssenkrupp CEO Merz
Swedish fund Cevian Capital, Thyssenkrupp’s second-biggest shareholder, on Wednesday said it fully supported the appointment of Martina Merz as new chief executive of the German...
Thyssenkrupp plunged into turmoil as CEO Kerkhoff set to leave
Thyssenkrupp is preparing to replace its chief executive Guido Kerkhoff, whose brief tenure at the German submarines-to-car-parts group included four profit warnings and two failed...
Luxury group Kering launches bonds that can be changed for Puma shares
French luxury goods group Kering said it was launching an offer of bonds that could be exchanged for shares in Puma , in which Kering...