May 28, 2020

Nissan slashes capacity by a fifth after first loss in 11 years

Nissan Motor Co said on Thursday it would slash its production capacity by a fifth to help reduce its fixed costs by 300 billion yen ($2.8 […]
May 28, 2020

Trump’s executive order targets political bias at Twitter and Facebook: draft

U.S. President Donald Trump is expected to order a review of a law that has long protected Twitter , Facebook and Alphabet’s Google from being responsible […]
May 28, 2020

Gum, mints and snack bar sales slump, as U.S. consumers order online amid COVID-19 crisis

Impulse purchases – gum, mints and snack bars tossed into a shopping basket as one snakes through the supermarket checkout line – are falling as more […]
May 28, 2020

Tencent raises $6 billion in largest Asian corporate debt deal this year

Chinese social media and gaming giant Tencent Holdings Ltd said on Thursday it raised $6 billion in a U.S. dollar bond sale – the largest debt […]
May 28, 2020

American Airlines says to cut management and support staff by 30%

American Airlines Group Inc must reduce its management and support staff by about 30% as it moves to run a smaller airline due to the coronavirus […]
May 28, 2020

U.S. business to Trump: Go slowly on Hong Kong response

Business groups are urging U.S. President Donald Trump to go slowly in responding to Bejing’s planned imposition of new national security laws on Hong Kong, warning […]
May 27, 2020

Nissan Motor to close Barcelona plant: El Pais

Japan’s Nissan Motor Co will close its factory in Barcelona, resulting in the loss of about 2,800 jobs, Spanish newspaper El Pais reported, citing government and […]
May 27, 2020

Wall Street rises with economic hopes; bank stocks jump

U.S. stocks rose on Wednesday, with the S&P 500 closing above 3,000 for the first time since March 5, as the further easing of lockdowns lifted […]
May 27, 2020

Billionaire Icahn exits Hertz with ‘significant’ loss after bankruptcy filing

Billionaire investor Carl Icahn, who was the largest shareholder in Hertz Global Holdings Inc, unloaded his entire stake in the rental car company at a “significant […]
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