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Home2019February

Month: February 2019

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Business News

Apple to ship iPhones with only Qualcomm chips to German stores

February 14, 2019 admin Comments Off on Apple to ship iPhones with only Qualcomm chips to German stores

Apple Inc said Thursday that it will resume selling older iPhone models in its stores in Germany after they were banned last year, but only with chips from Qualcomm Inc, which is in a global legal battle against the Cupertino company.

…read more […]

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Business News

Renault embarks on post-Ghosn era with lower profit goal

February 14, 2019 admin Comments Off on Renault embarks on post-Ghosn era with lower profit goal

Renault set a weaker profit goal for 2019 on Thursday, citing exchange-rate challenges and market uncertainties, as the French carmaker presented annual results without its recently ousted CEO Carlos Ghosn for the first time in 13 years.

…read more […]

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Business News

Airbus to scrap A380 superjumbo production as sales slump

February 14, 2019 admin Comments Off on Airbus to scrap A380 superjumbo production as sales slump

Europe’s Airbus is scrapping production of the A380 superjumbo, with lackluster sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner.

…read more […]

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Business News

Not time yet to discuss Nissan chairmanship, Renault’s Senard says

February 14, 2019 admin Comments Off on Not time yet to discuss Nissan chairmanship, Renault’s Senard says

The new chairman of French automaker Renault on Thursday said it was not the time to discuss whether he would also take the helm of Nissan, as he arrived in Japan to reaffirm an alliance rocked by the arrest and ouster of former Chairman Carlos Ghosn.

…read more […]

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Business News

Deutsche Bank rebuffs reported calls to cut investment unit

February 14, 2019 admin Comments Off on Deutsche Bank rebuffs reported calls to cut investment unit

Deutsche Bank on Thursday rebuffed calls for cuts at its struggling investment bank, citing an overhaul last year.

…read more […]

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Business News

Renault Chairman: not time to discuss Nissan chairmanship – Jiji

February 14, 2019 admin Comments Off on Renault Chairman: not time to discuss Nissan chairmanship – Jiji

Renault SA Chairman Jean-Dominique Senard, arriving in Japan for a meeting with Nissan Motor, said it was not yet time to discuss whether he would assume the chairmanship of the Japanese automaker, Jiji news agency reported on Thursday.

…read more […]

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Nestle expects pick up in sales growth to be maintained

February 14, 2019 admin Comments Off on Nestle expects pick up in sales growth to be maintained

VEVEY, Switzerland (Reuters)A – Nestle said it expected its organic sales to rise by more than 3 percent this year after an improving performance in China and North America helped growth accelerate in 2018 after six years of slowdowns.

…read more […]

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Business News

Renault sales and profits fall on diesel, currency setbacks

February 14, 2019 admin Comments Off on Renault sales and profits fall on diesel, currency setbacks

Renault’s revenue and profits fell in 2018, hit by collapsing diesel sales, exchange-rate setbacks and a withdrawal from the Iranian market, the French carmaker said.

…read more […]

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Business News

Famed Cullinan mine banks on big diamonds to drive down debt

February 14, 2019 admin Comments Off on Famed Cullinan mine banks on big diamonds to drive down debt

The owner of one of the world’s most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.

…read more […]

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Four big shareholders of Deutsche Bank call for cuts at investment bank: FT

February 14, 2019 admin Comments Off on Four big shareholders of Deutsche Bank call for cuts at investment bank: FT

Four of Deutsche Bank’s 10 biggest shareholders want the lender to make cuts at its investment division, particularly in the United States, the Financial Times reported on Thursday, citing unidentified sources.

…read more […]

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Abu Dhabi’s Etihad Airways restructures Airbus, Boeing jet orders

February 14, 2019 admin Comments Off on Abu Dhabi’s Etihad Airways restructures Airbus, Boeing jet orders

Etihad Airways said on Thursday it has agreed with Airbus and Boeing to restructure a “large portion” of its orders, in what appeared to be a major cut in long-haul jet orders.

…read more […]

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Business News

Airbus A380: from European dream to white elephant

February 14, 2019 admin Comments Off on Airbus A380: from European dream to white elephant

Loved by passengers, feared by accountants, the world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales.

…read more […]

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Business News

Why Walmart farms out same-day grocery deliveries to low-cost freelance drivers

February 14, 2019 admin Comments Off on Why Walmart farms out same-day grocery deliveries to low-cost freelance drivers

Jeff Leonard slides behind the wheel of his burgundy Hyundai Accord and heads to a nearby Walmart Inc store, where he picks up the package of groceries waiting for him.

…read more […]

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Business News

Airbus to scrap production of A380 superjumbo

February 14, 2019 admin Comments Off on Airbus to scrap production of A380 superjumbo

Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales.

…read more […]

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Business News

Emirates agrees with Airbus to reduce A380 order, to buy other jets

February 14, 2019 admin Comments Off on Emirates agrees with Airbus to reduce A380 order, to buy other jets

Emirates airline said on Thursday it had reached an agreement with Airbus to reduce its total order of A380 aircraft from 162 to 123 jets.

…read more […]

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