Deutsche Telekom DTEGn.DE is on course to become a 100 billion euro business, Chief Executive Tim Hoettges said after the transatlantic telecoms group posted forecast-beating quarterly results boosted by its…
Category: Business
Emirates turns to Dubai to see it through crisis after $3.4 billion loss
State-owned Emirates said on Thursday that Dubai would help it through the coronavirus crisis after losses of $3.4 billion tipped the airline’s holding company into its first half-year loss in…
Uniqlo revives Jil Sander tie-up in post-pandemic, upmarket push
Baggy pants and oversized t-shirts helped spare Japanese fashion brand Uniqlo from the steep coronavirus-led fall in sales that hit rival fashion chains such as H&M and Zara. Now, Uniqlo…
American Airlines restarts China flights, bringing U.S. weekly total to 10
American Airlines said it is restarting passenger flights to China on Wednesday, lifting the total number of U.S. weekly flights to 10 as the U.S. government continues to push for…
Goldman hires Barclays banker Bion to ride insurance deal boom: memo
Goldman Sachs GS.N has poached Barclays' insurance banker Marguerite Bion to win more business from Europe's biggest insurers as industry consolidation heats up amid anaemic profitability and tightening regulation. Bion,…
Boeing raises 20-year forecast for China aircraft demand despite pandemic
Boeing Co BA.N on Thursday raised its rolling forecast for China's aircraft demand for the next 20 years, making the country a bright spot in the aviation market even as…
Japan’s Fujitsu, Mizuho, PeptiDream to form joint venture to develop COVID-19 treatments
Fujitsu Ltd, Mizuho Financial Group Inc, and drugmaker PeptiDream Inc said on Thursday they are forming a joint venture to develop treatments for COVID-19. The new company, to be called…