Tuesday, July 14, 2020
Nike Inc  on Thursday reported a loss for the fourth quarter, as retailers had to shut stores for weeks due to lockdowns spurred by the COVID-19 pandemic, sending shares of the world’s largest footwear company down 3.5%. The company’s wholesale...
Britain’s Rolls-Royce  said it would cut at least 9,000 jobs from its global staff of 52,000 to adapt to the much smaller aviation market that will emerge from the coronavirus pandemic. Rolls-Royce, which supplies engines for large aircraft such as...
The White House let its 2-week-old economic reopening guidelines expire on Thursday as half of all U.S. states forged ahead with their own strategies for easing restrictions on restaurants, retail and other businesses shuttered by the coronavirus crisis. The enormous...
A towering machine rumbles through the fields of Julio Rinco’s farm in the Brazilian state of Sao Paulo, engulfing whole coffee trees and shaking free beans that are collected by conveyor belts in its depths. This automatic harvester is one...
The development of offshore deposits discovered in the Black Sea is necessary in order to avoid the significant increase of dependence on gas imports and represents a sine-qua-non condition to be able to rely on natural gas in the...
Britain’s biggest carmaker Jaguar Land Rover  is making a multi-million pound investment to build electric vehicles in its home market, in a major boost to a sector hit by a slump in diesel sales and Brexit uncertainty. The firm is...
Nestle has unveiled recyclable, biodegradable paper wrapping on its Yes! snack bars – in a move it claims is a world first. The announcement came as a major step forward in its drive to make all its packaging reusable or...
Fiat Chrysler said it has abandoned its $35 billion merger offer for Renault, blaming French politics for scuttling what would have been a landmark deal to create the world’s third-biggest automaker. A source close to the French carmaker’s board said...
Amazon.com Inc is interested in buying prepaid cellphone wireless service Boost Mobile from U.S. carriers T-Mobile US Inc and Sprint Corp, two sources familiar with the matter said on Thursday. Amazon is considering buying Boost - currently one of Sprint’s...
Fiat Chrysler has made a "transformative" merger proposal to Renault in a deal that would create the world's third biggest carmaker. The plan, finalised in overnight talks with Renault, was being discussed at a meeting of the French group's board...

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