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…
Category: Business
Target beats estimates as same-day delivery boosts online demand
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…
Nissan’s Britain business tough to sustain without Brexit trade deal: COO Gupta
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…
GM will announce boosted spending plans for EVs on Thursday: sources
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…
Reactions to the U.S. approving the Boeing 737 MAX to fly again
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…
American Airlines says first Boeing 737 MAX flights in December
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…
FAA chief ‘100% confident’ of 737 MAX safety as flights to resume
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…