International Companies
Uber reports $1bn quarterly loss in first results since IPO
Uber reported a $1bn loss on Thursday in its first quarterly results since a disappointing initial public offering earlier in the month.
Huawei forbids employees from meeting US contacts
Huawei has ordered employees to cancel technical meetings with US contacts as tensions with the US administration reach an all-time high.
Swiss officials open probe into possible bribes paid to foreign officials
Swiss authorities have kicked off an investigation against "unknown perpetrators" suspected of bribing foreign officials.
Abercrombie & Fitch same-store sales disappoint
Clothing retailer Abercrombie & Fitch turned in weaker-than-expected same-store sales and announced its plans to shutter three more flagship stores on Wednesday.
Ethiopian Air pilot warned of Boeing 737 Max dangers before crash
An Ethiopian Airlines pilot told senior managers of his concerns about Boeing 737 Max jets months before the fatal crash that claimed he lives of all 149 passengers and eight crew on board earlier in the year.
Morgan Stanley sees further upside for Airbus ahead of likely XLR 321 launch
Analysts at Morgan Stanley revised their target price for shares of Airbus higher ahead of a likely spate of important milestones for the aerospace engineer over the next 12 months, including the possible launch of its single-aisle A321 XLR.
Trade war could hit financial stability, warns ECB
The European Central Bank warned on Wednesday that weaker-than-expected growth and a possible escalation of trade tensions could trigger further falls in asset prices.
Aldi and Lidl continue to eat away at 'big four's' market share, Kantar says
Consumer spend on groceries held up well over the last few months, as shoppers continued to file their way towards discounters Aldi and Lidl even though temperatures failed to match 2018's record highs, the results of a closely-followed survey revealed.
ArcelorMittal to cut European steel production further
ArcelorMittal said on Wednesday that it was cutting steel production across Europe again as it continues to be hit by weak market demand and high import levels.
Boots may consider closing up to 200 underperforming stores
Boots review of its stores may lead to the closure of more than 200 underperforming shops over the next two years.
Alibaba plans to raise $20bn through Hong Kong listing
Alibaba is considering raising as much as $20bn through a second listing on the Hong Kong Stock Exchange after its 2014 record-breaking stock market debut in New York that saw it raise $25bn.
Fiat Chrysler proposes merger with Renault
Fiat Chrysler Automobiles has proposed to merge with French carmaker Renault in a $32. 6bn all-share deal that would create the world’s third-biggest company in the sector.
UBS's Andrea Orcel: How much is a good banker worth?
Did Santander make a big mistake when it backtracked on its decision to name the then head of UBS's investment bank, Andrea Orcel, as its new chief executive officer?.
Trump willing to include Huawei in trade deal with China
Donald Trump said on Thursday that he would be willing to include “dangerous” telecommunications company Huawei in the trade deal that he is hoping to negotiate with China.
Facebook plans to launch bitcoin rival in 2020
Facebook is set to launch a new cryptocurrency in 2020 to rival bitcoin and accelerate the diversification of its revenue away from advertising.
Foot Locker misses on sales, trims full-year EPS guidance
US retailer Foot Locker saw profits rise in the first quarter of its trading year, but sales came in lower than expected and the group trimmed its full-year profit guidance amidst the prospect of tariffs on Chinese made goods hitting the sports shoe and apparel industry.
FAA says approval of Boeing 737 Max review will not be rushed
The US Federal Aviation Administration said the review of the Boeing 737 Max model jets that were recently grounded following two fatal crashes in under a year will not be rushed.
Best Buy same-store sales beat quarterly estimates
US electronics retailer Best Buy's first-quarter same-store sales came in ahead of expectations on the Street, with sales of wearable devices and tablets leading the charge.
EE and Vodafone pull Huawei phones from 5G network launch
BT owned EE and Vodafone announced on Wednesday that they won’t offer phones from Huawei when they roll out Britain’s first 5G mobile network next week.
Avon surges as it confirms advanced talks with Brazil's Natura
US beauty company Avon Products confirmed on Wednesday that is in advanced discussions with Brazil’s Natura & Co regarding a potential all-stock transaction.