AB Volvo to reduce white-collar workforce by 4,100 in second half of 2020
Truck- and construction equipment maker AB Volvo plans to cut its white-collar workforce by around 4,100 positions during the second half of 2020, it said...
U.S. retail sales post record increase; big hole remains
U.S. retail sales increased by the most on record in May after two straight months of sharp declines as businesses reopened, offering more evidence that...
Wall Street set to jump after record rise in May retail sales
Wall Street was set to jump on Tuesday after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with...
More senior executives leave Embraer as dust settles over failed Boeing deal
Four senior executives are leaving Embraer SA , in addition to its commercial aviation chief, in the wake of a failed deal with Boeing Co...
U.S. retail sales post record resurgence in May
U.S. retail sales experienced a record rise in May as 2.5 million Americans went back to work and people began moving about more freely, although...
Airlines urge regulators to extend airport slots waiver
Airlines are urging aviation regulators to extend a waiver on airport slot rules as they struggle to overcome the coronavirus crisis, their main international body...
EU executive to partly shield WTO candidate Hogan from public view
EU trade chief Phil Hogan will limit public appearances after he put himself forward as a possible candidate to become the next head of the...
Apple’s App Store, Apple Pay targeted by EU antitrust regulators
Apple on Tuesday found itself the target of two EU antitrust investigations into its App Store and Apple Pay as the bloc turned up the...
Renault to cut 1,500 engineering jobs in France: union source
French carmaker Renault plans to cut 1,500 engineering jobs in France, a trade union source told Reuters on Tuesday....
U.S. health insurers may balk at paying for coronavirus antibody testing
U.S. health insurers may balk at covering tests that look for coronavirus antibodies in some cases, arguing that employers or the government should foot a...