GSK sells $3.4 billion Hindustan Unilever stake in largest India block trade
GlaxoSmithKline has sold its stake in Unilever’s Indian business for $3.4 billion, marking India’s largest block trade, which will help the British company in its...
U.S. and Europe spar over next stage of aircraft subsidy dispute
The United States said there was “no valid basis” for the European Union to retaliate against U.S. goods in a long-running subsidy row after Boeing...
Air France job cuts to test CEO Smith’s consensual style
Air France-KLM is opening talks with its French unions on workforce cuts, Chief Executive Ben Smith told Reuters, as the airline group warned of mounting...
JetBlue Airways posts quarterly loss and revises Airbus order book
JetBlue Airways Corp on Thursday posted a $268 million quarterly loss due to the impact of the coronavirus pandemic on air travel and said it...
Britain’s Next plans first beauty shops in former Debenhams stores
British clothing retailer Next said on Thursday it plans to open its first standalone beauty shops by taking space in five former Debenhams stores, seeking...
H&M’s sales tumble, stockpiles grow in March to May
H&M , the world’s second-biggest fashion retailer, said local currency sales had tumbled 57% since the start of March compared with a year ago as...
Global luxury gloom to deepen despite easing lockdowns: Bain
Global sales of luxury goods are expected to slump by 50% to 60% in the second quarter even as some countries begin to ease coronavirus...
British Airways owner IAG must restructure across the board: Walsh
The owner of British Airways, Iberia, Vueling and Aer Lingus must cut costs across the board to weather the coronavirus crisis as air travel won’t...
Qatar Airways in talks with banks for billions of dollars in loans: sources
Qatar Airways is in talks with banks for loans worth billions of dollars, three sources familiar with the matter said, as the state-owned airline readies...
Italy to inject 3 billion euros in new Alitalia: industry minister
Italy’s government will inject fresh capital worth at least 3 billion euros ($3.24 billion) in the ailing carrier Alitalia, which is being nationalised following financial...