‘Nothing off-limits’: Thyssenkrupp could sell steel business in historic shift
Thyssenkrupp could sell most of its steelmaking division, its CEO said on Tuesday, marking a historic reversal in strategy for the German conglomerate which has...
Oil gains on signs of output cuts, improved demand
Oil prices rose slightly on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked by more countries easing...
Mitsubishi Motors’ annual profit tumbles, refrains from issuing forecast
Mitsubishi Motors Corp posted on Tuesday an 89% drop in annual operating profit for its weakest performance in three years and skipped the year-end dividend,...
Euro, Italian bonds cheer EU recovery fund plan
The euro and Italian government bonds continued on Tuesday to cheer German- and French-led plans for a 500 billion euro EU coronavirus recovery fund, though...
Abu Dhabi’s Etihad cuts hundreds of jobs: sources
Abu Dhabi’s Etihad Airways has laid off hundreds of employees this month, including cabin crew, after the coronavirus pandemic forced it to ground flights, according...
Mitsubishi Motors’ full-year profit slumps 89%
Mitsubishi Motors Corp on Tuesday posted an 89% drop in annual operating profit in the year ended March as the Japanese automaker took a hit...
Tesla’s China car registrations plunge 64% month-on-month in April
U.S. electric vehicle maker Tesla Inc suffered a slump of 64% in car registrations in China in April on the month, data from auto consultancy...
Thyssenkrupp CEO: no taboos in steel consolidation plans
Thyssenkrupp’s CEO on Tuesday said there were no taboos in plans to consolidate its steel unit, with options ranging from selling a majority to buying...
Oil gains for fourth day on signs of output cuts, better demand
Oil prices rose for a fourth straight session on Tuesday amid signs that producers are cutting output as promised just as demand picks up, stoked...
Auto industry key part of Italy GDP, fair to support FCA if creates jobs: minister
The auto industry represents a significant share of Italy’s economy and it’s right to support those who create jobs in the country, Deputy Economy Minister...