Amazon plans to extend France warehouse closures to May 18
Amazon plans to extend the closure of its French warehouses until May 18, the U.S. e-commerce giant said on Wednesday....
Asian shares rebound as some traders temper pessimism
Asian shares recovered early losses and crept into positive territory on Wednesday, but stock futures pointed to a lower European open as worries about a...
Aston Martin posts deep loss as coronavirus outbreak hits sales
Aston Martin posted a first-quarter pretax loss of 119 million pound ($146 million) after sales dropped by nearly a third due to the impact of...
Sony reports 57% drop in fourth-quarter profit, declines to give outlook
Japan’s Sony Corp on Wednesday reported a 57% drop in fourth-quarter operating profit and refrained from providing an outlook for the current year due to...
Maersk meets first-quarter revenue forecasts but warns on container sector outlook
Shipping group A.P. Moller-Maersk posted first-quarter revenue in line with expectations on Wednesday but warned about a drop of as much as 25% in global...
For Hire: Central Europe’s business services firms spy a chance in crisis
As the COVID-19 pandemic wipes out jobs and empties offices across the world, companies in Central Europe that provide remote, lower-cost services for multinationals are...
Las Vegas Sands scraps plans for Japan integrated resort casino project
Las Vegas Sands said it has ended plans to open an integrated resort (IR) casino in Japan, dealing another blow to Japan’s attempts to energise...
TUI to make big cost cuts to survive pandemic hit
European travel company TUI said that it needed to cut its fixed cost base by 30% and thousands of jobs would be lost as it...
South Korean shoppers go the distance to beat Chanel price hike
More than a hundred shoppers waited in line to enter a store of French luxury brand Chanel in Seoul on Wednesday, shrugging off concern about...
Nissan plans $2.8 billion in cuts as part of restructuring plan: Bloomberg
Nissan Motor Co plans to cut $2.8 billion in annual fixed costs as part of its restructuring plan, Bloomberg News reported on Wednesday, as it...