Caterpillar Inc on Friday reported lower second-quarter earnings as a crippling recession sparked by the coronavirus pandemic made customers wary of big purchases, crimping equipment sales.
Thyssenkrupp on Friday said it successfully closed the 17.2 billion euro (US$20.4 billion) sale of its elevator division, leaving the ailing conglomerate with a cash lifeline but robbing it of its best asset.
Chinese start-up SenseTime is considering an initial public offering (IPO) on China's tech-focused STAR market after its latest fundraising that will value the company at US$10 billion, three people with knowledge of the matter said.
Caterpillar Inc on Friday reported lower second-quarter earnings as a crippling recession sparked by the coronavirus pandemic made customers wary of big purchases, crimping equipment sales.
Brazilian lender Banco Bradesco SA plans to have employees work from home an average of one week per month permanently in order to save on rent and sell some real estate, Chief Executive Octavio de Lazari Junior said in an interview.
Chinese government-linked hackers targeted biotech company Moderna Inc, a leading U.S.-based coronavirus vaccine research developer, earlier this year in a bid to steal valuable data, according to a U.S. security official tracking Chinese hacking activity.
Skoda Auto expects its global markets to stabilise gradually as long as the coronavirus pandemic does not worsen significantly worsen, Volkswagen's Czech carmaker said on Friday, after reporting a 31per cent drop in first-half deliveries.
L'Oreal's sales rose in July for the first time since January, Chief Executive Jean-Paul Agon said on Friday, striking a more upbeat tone for the rest of the year with signs of a turnaround in China.
Finnish telecom network equipment maker Nokia reported an unexpected rise in its second-quarter underlying profit on Friday, amid the COVID-19 pandemic as its new chief executive Pekka Lundmark takes over on Saturday.
Australia unveiled a draft law Friday to force Google and Facebook to pay news media for their content in a "world-leading" initiative sure to prompt a confrontation with the digital giants.
