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Virgin Australia to cut 3,000 jobs as part of relaunch plan
Virgin Australia will cut 3,000 jobs and reduce other costs in a bid to be more profitable and competitive in the post COVID-19 world.
Disney reports significant quarterly loss due to COVID-19 pandemic
The Walt Disney Company on Tuesday reported significant quarterly loss in its fiscal third quarter due to the ongoing COVID-19 pandemic.
Finland's Nokian Tyres posts loss in Q2, sees continuous uncertainty
The Finland-based tyre manufacturer Nokian Tyres made a 22.8-million-euro (26.9-million-U.S. dollar) loss in the second quarter (Q2) of 2020.
EU to further investigate Google's acquisition bid for Fitbit
The European Commission said on Tuesday that it has opened an in-depth investigation to assess the proposed acquisition of Fitbit by Google.
L'Oreal shows resilience in first half of 2020
L'Oreal posted sales of 13.07 billion euros in the first six months of this year, down 11.7 percent like-for-like.
SoftBank Group fails to declare 377 mln USD in taxable income
SoftBank Group Corp had failed to declare about 40 billion yen (377 million U.S. dollars) in taxable income for the fiscal year that ended March 2019.
Volvo Cars reports 14.2 pct global sales growth in July
Volvo Cars reported strong sales in July, with cars sales up 14.2 percent compared with the same period last year.
Carmaker BMW fully confident about China's positive business prospects
German carmaker BMW remains fully confident about the positive mid- and long-term business prospects of China.
ERGO's investment in Chinese insurance company approved by EU
The acquisition of a Chinese insurance company by ERGO together with China's Shandong Hi-Speed Group Corporation (SDHS) was cleared at the EU level.
HSBC profit plunges 65 pct in first half 2020
HSBC on Monday announced a profit slump for the first half of 2020, with profit before tax dropping to $4.3 billion in the period, down 65% y-o-y.
JAL posts net loss of 880 million USD in April-June quarter due to pandemic
Japan Airlines Co. on Monday said it had posted a net loss of 93.71 billion yen (881.63 million U.S. dollars) in the April-June quarter.
Chinese food giant revenue tops 498 bln yuan in 2019
China's biggest food trader COFCO saw its revenue hit 498.4 billion yuan (about 71 billion U.S. dollars) in 2019.
World Insights: Int'l trade with China soars in 2022, decoupling theory crushed b...
Live COVID-19 updates: U.S. COVID-19 cases top 1 mln
Xinhua top 10 China news events in 2019
Feature: Tourism rejuvenates old Silk Road town
