Harley-Davidson Inc will cut 140 jobs in the United States following its decision to adjust production volumes, a company representative told Reuters.
FRANKFURT AM MAIN: Lufthansa shareholders on Thursday (Jun 25) overwhelmingly backed a nine billion euro (US$10 billion) bailout by the German government, saving Europe's largest airline group from bankruptcy after the coronavirus crushed travel demand. Over 98 per cent of shareholders accounting ...
German Finance Minister Olaf Scholz described as a scandal the collapse of Wirecard after the payments company disclosed a hole in its books that left it owing creditors almost US$4 billion, adding it was a wake-up call for supervision.
Waymo and the Volvo Cars Group have agreed to develop a self-driving electric vehicle designed for ride hailing use, as part of a new global partnership, the companies said on Thursday.
The United States on Thursday blacklisted four steel, aluminum and iron companies operating in Iran's metals sector, as well as sales agents of Iran's largest steel manufacturer it said generate tens of millions of dollars for Tehran's metals industry.
Alphabet's Google on Thursday took a step towards resolving its spat with publishers, saying it would pay some media groups in Australia, Brazil and Germany for high-quality content and expects to do more deals, but others were sceptical.
Canadian Prime Minister Justin Trudeau on Thursday rejected a call to swap an imprisoned Huawei Technologies Co Ltd executive for two citizens held by Beijing, saying such a move would set a bad precedent and harm Canada.
A deal to sell the Philadelphia Energy Solutions (PES) oil refinery to a Chicago-based real estate developer is expected to close on Friday for US$26.5 million less than originally agreed to, lawyers for the bankrupt refiner said in court on Thursday.
Officials from Venezuelan state oil company Petroleos de Venezuela have spoken with private contractors about paying for work fixing the country's refineries with fuel and byproducts, a half dozen people familiar with the talks said.
Days after a border clash with China this month in which 20 Indian soldiers were killed, New Delhi told firms to find ways to cut imports from China. But two big industries, automobiles and pharmaceuticals, say this is easier said than done.
