Deutsche Lufthansa AG and Air China Ltd. will be able to boost their earnings aided by the additional capacity that these Star Alliance members will have to complete with the rival Skyteam partnership on China-Europe routes. The two Star Alliance members signed a cooperation agreement to this extent recently. Air China Chairman Cai Jianjiang said…
Among the first victims of OPEC’s battle for market share was supposed to be oil producers in the North Sea. But despite their decades-old facilities and high-costs, they are proving surprisingly resilient to the price slump. According to estimates by industry consultant Wood Mackenzie Ltd., as projects that were sanctioned before crude’s plunge four years ago…
After Brussels’ ruling that Apple must pay back Ireland €13bn in taxes, Business Roundtable has warned of ‘grievous self-inflicted wound’ for EU and its people. Unless they overturn Brussels’ demand that Apple pay the Irish government €13bn (£11.4bn), US businesses have warned European leaders they risk a “grievous self-inflicted wound”. The Business Roundtable group defended Apple…
An announcement that drew another rebuke from Republican presidential candidate Donald Trump, Ford Motor Co Chief Executive Officer Mark Fields said on Wednesday that all of the company’s small-car production would be heading to lower coast Mexico and would be leaving U.S. plants. “We will have migrated all of our small-car production to Mexico and…
With global private equity firms Carlyle Group and TPG Capital separately teaming up with Chinese partners for the business worth up to $3 billion, fast-food giant McDonald’s Corp has received final bids from at least three groups for its China and Hong Kong outlets, reported Reuters citing sources. In their separate bids for the 20-year…
Two ship brokers with knowledge with the matter told Reuters that two more ships operated by financially troubled South Korean shipper, Hanjin Shipping Co Ltd, have been put up for sale. With offers for the vessels being sought by the end of this month, on Wednesday, details of the container ships, Hanjin Mar and Hanjin…
At 65 feet high and capable of getting just past the edge of space, some 60 miles up, the New Shepard rocket that Blue Origin has been launching and landing is a fairly modest thing. In comparison, a towering, more powerful behemoth designed rocket to take people and commercial satellites to orbit that was announced…
A large number of jobs for positions in customer service, trucking and taxi services would be eliminated from requirement within the next five years by robots and the so-called intelligent agents. The total loss of jobs would be around 6 percent of all jobs, revealed a recent survey report from Forrester. “By 2021, a disruptive…
After concluding more than four months of negotiations, the Monsanto’s board is set to meet on Tuesday to decide whether to approve a sale to Germany’s Bayer for more than $65 billion, reports Reuters quoting people familiar with the matter. The sources also reportedly claimed that the board was close to approving the deal. Reuters…
Hillary Clinton’s health issues gave another stress to ponder for investors who have been nursing wounds after the worst in three months for equity and debt markets. Traders who fear ruptures to U.S. policy have been soothed and see virtue in political gridlock by the 68-year-old Democratic presidential nominee polling edge over Donald Trump. Clinton was forced…
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