woes
By Lisa Barrington BANDAR SERI BEGAWAN, Brunei (Reuters) – Asia-Pacific travel demand has recovered from the pandemic, but earnings at the region’s airlines are under pressure from supply chain problems disrupting operations and exposing them to strengthening consumer protection rules, industry executives say. A shortage of parts, labour and new…
Investing.com — Bath & Body Works Inc. (NYSE:) shares slipped over 3% in pre-market trading on Friday, following a downgrade from Barclays (LON:), revising its rating on the stock to “underweight” from “equal weight.” This reflects concerns about the retailer’s 2025 outlook, citing risks tied to both waning consumer demand…
Thousands more jobs are under threat in Germany’s beleaguered automotive industry.Parts supplier Schaeffler said it would cut thousands of jobs for a net reduction of about 3,700 workers.Union officials said Volkswagen plans to shut factories in Germany for the first time. Germany’s auto industry is under intense pressure — and…
In the third quarter of 2024, KONE Corporation (KNEBV.HE), a global leader in the elevator and escalator industry, reported a modest increase in sales growth and a slight improvement in adjusted EBIT margin, despite significant challenges in the Chinese market. CEO Philippe Delorme stated that the company’s new strategy, aimed…
By Casey Hall SHANGHAI (Reuters) – China’s second-hand and grey markets for luxury goods are booming, as price hikes from luxury brands in a weak economy are prompting some shoppers to look for cheaper ways to buy them, deepening concerns for the likes of LVMH. LVHM, the world’s biggest luxury…
By Mike Scarcella (Reuters) – In the span of two days this week, Alphabet (NASDAQ:)’s Google was hit with a court order to open up its app store Play to rivals and learned that the U.S. Justice Department may soon ask a judge to split up the company to limit…
By Aditi Shah and Jamie Freed NEW DELHI/SYDNEY (Reuters) – Two years after Tata Group took control of Air India in a $2.4 billion deal, re-kitting an ageing fleet amid parts shortages and persistent flight delays stand in the way of the former state-owned carrier’s intent to become “a world…
Chinese planemaker Comac looks set to win its first order from a Western airline, Reuters reported, as Boeing and Airbus deal with supply-chain constraints.Paulo Almada, the controlling partner of Total Linhas Aereas, a small charter and cargo airline based in Brazil, told the outlet that talks with Comac have been…
This was back in the late 1980s. The sexist comment needs updating, but his broader point is suddenly very relevant in 2024.A fab is a factory that manufactures semiconductors. These giant facilities require billions of dollars and several years to build. They are incredibly hard to run efficiently.Intel was the…
By David Shepardson WASHINGTON (Reuters) -CrowdStrike on Sunday rejected a claim by Delta Air Lines (NYSE:) that it should be blamed for flight disruptions following a July 19 global outage sparked by a faulty update, and suggested it had minimal potential liability. Delta CEO Ed Bastian said last week the…
