May 6, 2020

World shares subdued amid mixed earnings; oil falters

Global shares struggled on Wednesday as mixed earnings, doubts about the easing of coronavirus lockdowns and simmering U.S.-China tensions cast a pall over markets. Powered by […]
May 6, 2020

Samsung heir Lee apologises over succession, won’t hand control to children

Samsung Group heir Jay Y. Lee, embroiled in a bribery scandal, on Wednesday made a rare apology over controversial succession plans and said he will not […]
May 6, 2020

UK watchdog deems Shell’s ‘drive carbon neutral’ ad campaign acceptable

A Royal Dutch Shell advertising campaign promising customers they can “drive carbon neutral” has been deemed acceptable under Britain’s advertising rules following an investigation, regulators said […]
May 6, 2020

VW sees multi-speed coronavirus rebound led by China

Volkswagen said demand in China was rebounding, thanks to customers who want to switch from public transport to personal vehicles, but warned sales would not recover […]
May 6, 2020

BMW cuts outlook, expects coronavirus impact to last all year

BMW AG on Wednesday said the impact of the coronavirus will likely hurt demand and profit throughout the year, forcing the German automaker to lower its […]
May 6, 2020

BMW to delay Hungary plant in coronavirus savings drive

BMW will put investments on hold as it seeks to conserve cash to counter a fall in demand caused by the spread of the coronavirus pandemic, […]
May 6, 2020

Hyundai Motor sales down 57% amid coronavirus pandemic

South Korea’s Hyundai Motor said on Wednesday its provisional April sales fell 57% on year to 159,079 vehicles globally, as the coronavirus pandemic and efforts to […]
May 6, 2020

Amber Capital: no plans to sell Lagardere stake and it may even raise it

The founder of activist investment company Amber Capital, which lost out this week in a bid to shake up the governance at French group Lagardere , […]
May 6, 2020

Virgin Money profits erased by coronavirus provision

Virgin Money swung to a first-half loss after setting aside 232 million pounds ($288 million) to handle loans likely to turn sour as a result of […]
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