Global airlines reduced a forecast for industry-wide profits in 2019 under the weight of trade tensions, but predicted a modest recovery next year on the assumption that tariff wars will recede in the run-up to the U.S. presidential election.
The German government confirmed on Wednesday it was willing to repay customers of insolvent Thomas Cook as the tour operator's insurance coverage was not sufficient.
Saudi Aramco shares surged the maximum permitted 10% above their initial public offering (IPO) price on their Riyadh stock market debut on Wednesday, closing in on the $2 trillion valuation long sought by Saudi Crown Prince Mohammed bin Salman.
European shares fell on Wednesday as the deadline approached for new U.S. tariffs on Chinese goods, while two major central banks held policy meetings.
Saudi Aramco's listing will boost the kingdom's efforts to diversify from oil as the bulk of proceeds will be injected in domestic projects, while the global buzz surrounding the deal will help lure foreign capital, the finance minister said.
Home Depot Inc on Wednesday forecast fiscal 2020 sales growth below Wall Street expectations, three weeks after the home improvement chain cut its 2019 sales forecast.
U.S. electric vehicle maker Tesla Inc plans to increase prices of imported Model 3 vehicles in China in January, sources familiar with the matter said.
The U.S.-China trade war is creating something William Gagnon once thought impossible - a 100% American-made bathroom hand dryer.
Germany will give financial assistance to customers hit by the insolvency of Thomas Cook because the tour operator's insurance cover has proved insufficient, it said on Wednesday.
Siemens named its strategy chief and former Kuka CEO Horst J. Kayser as boss of its loss-making portfolio companies, the German engineering company said on Wednesday.
Sky's the limit optimism about self-driving cars is giving way to tougher questions about how expensive automotive artificial intelligence will ever make a profit.
Bryan Salesky had little way of knowing in 2007 that his teammates and rivals in a U.S. Defense Department-sponsored competition were laying the foundations for future self-driving businesses now valued at billions of dollars.
Alliances and partnerships involving development and deployment of autonomous vehicles continue to mushroom.
Federal Aviation Administration (FAA) chief Steve Dickson will testify Wednesday before Congress on the series of steps that must be completed before the agency will allow Boeing Co's (BA.N> grounded 737 MAX, involved in two fatal crashes in five months, to resume flying.
The German factories operated by Thyssenkrupp's elevator division need to be optimized, the unit's chief executive said, adding talks with labor representatives have already started.