Business News
Thyssenkrupp in informal talks on consolidation of warship units
2020-05-12
Thyssenkrupp is in informal shipbuilding consolidation talks, its finance chief said on Tuesday, responding to speculation that the group could sell or merge parts of its Marine Systems (TKMS) unit with rivals from German Naval Yards and Luerssen.
Boeing's Embraer blames failed for sharp drop in commercial jet deliveries
2020-05-12
Planemaker Embraer said on Tuesday that its commercial jet deliveries fell by more than half in the first three months of 2020 compared to a year ago, blaming the drop on preparations for its failed Boeing Co deal.
China's Tesla a battle for survival in times of coronavirus,
2020-05-12
Challenged by Tesla's arrival in China last year, start-ups of domestic electric vehicles (EVs) struggled even before the economic shock caused by the coronavirus, but it has now become a battle for survival for some.
China Central Bank signals additional policies to support the virus-ravaged economy
2020-05-10
On Sunday, China's central bank said it would strengthen counter-cyclical adjustments to support the economy and make monetary policy more flexible in order to combat financial risks.
Emirates raise debt as they brace for the hardest months ever
2020-05-10
Emirates, one of the largest long distance airlines in the world, said on Sunday they are going to raise debt to help with the coronavirus pandemic and can be forced to take tough steps as they face the hardest months in their history.