Macy’s says return to normal business at least a year away
Macy’s Inc warned on Tuesday its business was not likely to return to normal until late next year, even as it saw better-than-expected sales from...
EU weighs single bid for WTO job; trade chief Hogan confirms interest
European Trade Commissioner Phil Hogan confirmed on Tuesday that he was considering a bid to become the next director-general of the World Trade Organization, as...
U.S. layoffs abate; job openings plunge
Layoffs in the United States fell in April, but remained the second highest on record, while job openings dropped, suggesting the labor market could take...
Boeing jet deliveries sink to just four in May
Boeing Co deliveries worsened even further in May compared to April as the coronavirus pandemic’s crushing impact on airlines added to a year of crisis...
Volkswagen CEO apologised after row with supervisory board
Volkswagen Chief Executive Herbert Diess apologised to the company’s supervisory board for having made “inappropriate and wrong” statements at an internal event, the carmaker said...
Airlines heading for $84 billion loss this year: IATA
Airlines are set to lose $84 billion as the coronavirus pandemic reduces revenue by half to mark the worst year in the sector’s history, the...
Volkswagen CEO apologised to supervisory board for ‘inappropriate’ remarks
Volkswagen Chief Executive Herbert Diess apologised to the company’s supervisory board for having made “inappropriate and wrong” statements at an internal event, the carmaker said...
Corning wins U.S. funding for glass vials output for COVID-19 vaccines
Glass maker Corning Inc said on Tuesday it would receive $204 million from the U.S. government to boost manufacturing capacity of its vials that will...
Vitol veteran Taylor, who transformed oil trade, dies aged 64
Ian Taylor, who built Vitol into the world’s biggest oil trader, has died from pneumonia at the age of 64, the company said on Tuesday,...
Tiffany amends debt pacts for financial leeway amid pandemic, slump in sales
U.S. luxury jeweler Tiffany & Co , which is being bought by France’s LVMH for $16 billion, said on Tuesday it had amended some of...