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Business

Global luxury goods sales set for largest ever fall in Bain forecast

By cnam-iimorg December 2, 2020November 26, 2020

Sales of luxury goods worldwide are set to fall by 23% to 217 billion euros ($258 billion) this year, their largest ever drop and first since 2009, due to the…

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Business

Target beats estimates as same-day delivery boosts online demand

By cnam-iimorg December 1, 2020November 26, 2020

Target Corp blew past analyst expectations for quarterly profit and sales on Wednesday as more Americans used the retailer’s quick-delivery services to buy everything from electronics to home goods during…

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Business

Nissan’s Britain business tough to sustain without Brexit trade deal: COO Gupta

By cnam-iimorg November 30, 2020November 26, 2020

Any final exit by Britain from the European Union that worsens business conditions through increased tariffs would threaten the sustainability of Nissan Motor Co’s UK operations, the Japanese car maker’s…

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Business

GM will announce boosted spending plans for EVs on Thursday: sources

By cnam-iimorg November 29, 2020November 26, 2020

General Motors Co will roll out details of an expanded and accelerated electric vehicle strategy on Thursday in an effort to convince investors it can be a serious competitor to…

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Business

Reactions to the U.S. approving the Boeing 737 MAX to fly again

By cnam-iimorg November 28, 2020November 26, 2020

The United States on Wednesday decided to allow Boeing Co’s troubled 737 MAX plane to resume U.S. deliveries and commercial flights by the end of the year, lifting a March…

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Business

American Airlines says first Boeing 737 MAX flights in December

By cnam-iimorg November 27, 2020November 26, 2020

American Airlines Group said on Wednesday it would make good on its plan to return Boeing Co’s 737 MAX jets to passenger flights by the end of 2020 after the…

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Business

FAA chief ‘100% confident’ of 737 MAX safety as flights to resume

By cnam-iimorg November 26, 2020

U.S. Federal Aviation Administration (FAA) chief Steve Dickson is “100% confident” in the safety of the Boeing 737 MAX but says the airplane maker has more to do as it…

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  • Global luxury goods sales set for largest ever fall in Bain forecast
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  • Search for missing man in rough seas off Blackpool coast called off with no success

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