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...
Mexico’s president revs up car industry, and wider economy
President Andres Manuel Lopez Obrador will lay out a roadmap on Wednesday for Mexico to re-open its economy, with a focus on the automotive sector...
More than 300 lawmakers urge IMF, World Bank to cancel poor countries’ debt
Over 300 lawmakers from around the world on Wednesday urged the International Monetary Fund and World Bank to cancel the debt of the poorest countries...
Mitsubishi halves SpaceJet development budget, reconsiders U.S. variant
Mitsubishi Heavy Industries said it was halving the annual development budget for Japan’s first regional jet in half a century, the M90 SpaceJet, as the...
South Korea shoppers line up before dawn ahead of expected Chanel price hike
More than a hundred shoppers waited in line to enter a store of French luxury brand Chanel in Seoul on Wednesday, as they rushed to...
Stocks fall on renewed virus fears, Powell speech in focus
Stocks and oil prices fell on Wednesday as fears about a second wave of coronavirus infections gripped financial markets....