The downturn in central European manufacturing eased markedly in June as economies reopened after the coronavirus lockdown, surveys showed on Wednesday, but the sector was still some way from returning to growth.
Volvo Cars said on Wednesday it was recalling nearly 2.2 million cars built between 2006 and 2019 to address a potential issue with cables attached to their front seat belts in the automaker's biggest ever recall.
Renault expects a pick-up in the French car market in June, after the country's coronavirus lockdown was lifted, to carry on into the third quarter, the brand's sales chief for France Ivan Segal said on Wednesday.
HSBC on Wednesday said it has made two Singapore-based senior appointments to strengthen its South-east Asia equities capabilities.
TEL AVIV: Israeli defence firm Elbit Systems said on Wednesday it won a contract worth about US$53 million to provide and integrate intelligence suites onboard vessels of the navy of a country in southeast Asia. The contract will be carried out over two years. It did not name the...
SINGAPORE's largest lender DBS will again this year cut rates on its flagship deposit account from Aug 1 amid a low interest rate environment and macro uncertainties.
European shares started the new quarter on a somber tone on Wednesday, as surging U.S. coronavirus cases kept optimism in check ahead of a slew of economic data.
Ryanair is planning around 3,500 job losses if it cannot agree pay cuts with its staff, the airline's boss Michael O'Leary said on Wednesday.
Wirecard's administrator said he has received strong inbound interest for the payment firm's assets and will shortly mandate banks for the sale of individual parts of the company.
Advertisements for more than 400 brands including Coca-Cola and Starbucks are due to vanish from Facebook on Wednesday, after the failure of last-ditch talks to stop a boycott over hate speech on the site.
