Hong Kong's Cathay Pacific Airways Ltd has asked all its 27,000 employees to take three weeks of unpaid leave in coming months as it battles a fall in demand caused by a virus outbreak, the company said on Wednesday.
Elon Musk, the billionaire chief executive officer of Tesla Inc , went on Twitter to ask users if the electric carmaker should build a new gigafactory in Texas.
Vodafone reported organic service revenue growth of 0.8% in the third quarter on Wednesday, an uptick from the second, helped by continued recovery in South Africa.
Tobacco group Imperial Brands said on Wednesday it expects full-year adjusted earnings to be slightly lower than last year due to a U.S. regulatory ban on some flavors of cartridge-based vapor devices and weaker consumer demand.
Danske Bank beat fourth quarter net profit expectations on Wednesday and said it expects to earn a net profit of 8-10 billion Danish crowns in 2020.
The airline industry is "without question" healthy enough to absorb a significant downturn in China's economy, said Willie Walsh, chief executive of International Airlines Group, which owns British Airways.
The chief executive of International Airlines Group (IAG) said he believes the overall impact of coronavirus on global air travel demand will be marginal.
Qatar Airways is in talks to acquire a 49% stake in RwandAir, its chief executive said on Wednesday.
Tobacco group Imperial Brands on Wednesday forecast a 10% drop in its first-half profit and cautioned on full-year earnings because of a U.S. regulatory ban on some flavors of cartridge-based vapor devices and weaker consumer demand.
What is worrying Rao Yong more than the daily news updates of a virus outbreak gripping China is that he may soon have to shut his online handicraft store and tell the 1,400 craftswomen he employs he is no longer able to sell their work.
Babcock International said on Wednesday Archie Bethel would be retiring as the British engineering firm's chief executive officer after being in the role for more than three years.
Vodafone will remove Huawei technology from the core of its European networks following Britain's decision to restrict the Chinese company's role in 5G and new EU guidelines on the firm's equipment, Chief Executive Nick Read said.
Oil prices jumped by more than 3% on Wednesday after reports that scientists have found an effective drug against China's fast-spreading coronavirus, which has hit the world's second-largest economy in recent weeks.
Qatar Airways is interested in increasing its stake in Chile's LATAM Airlines to 20%, its chief executive said on Wednesday.
Tobacco group Imperial Brands said it would not see any profit growth this year after tighter regulation in the United States, the world's biggest vaping market, has sapped demand.