British employee-owned retailer, the John Lewis Partnership, has launched a strategic review of its business after reporting a 23% fall in annual profit, a third straight decline, primarily reflecting a dire performance from its department stores arm.
Finland's Nokia Oyj has entered into partnership with Intel to accelerate its so-far sluggish shift to 5G, the company said on Thursday, a day after announcing a similar deal with Marvell Technology .
Fund managers are changing their allocations after the U.S. Federal Reserve stunned investors with a half-point rate cut this week to contain the economic fallout from the coronavirus epidemic.
Switzerland's UBS said the value of its 'sustainable' investments rose by more than 50% to nearly $500 billion in 2019, while lending to the energy and utilities sectors fell by 40% as it tightened its rules.
Oil prices climbed higher on Thursday ahead of an OPEC meeting in which Saudi Arabia is expected to push the group and its allies including Russia to agree to further output cuts to support the market.
British regional airline Flybe collapsed on Thursday after a plunge in travel demand, making the struggling carrier the industry's first big casualty of the coronavirus outbreak.
ProSiebenSat.1 Media has staked a $500 million bet on romance by buying dating U.S. app developer Meet Group Inc , but the deal proved to be a turn-off for investors who sent the German broadcaster's shares down 10% to a decade low.
OPEC ministers are expected to approve on Thursday the outlines of a deal for a significant cut in oil production to shore up prices hammered by the coronavirus outbreak but they are still waiting for Russia to indicate whether it will back such a move.
Oil prices jumped 1.5% on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the slump in demand caused by the global coronavirus outbreak.
Canadian billionaire Lawrence Stroll, who is investing in carmaker Aston Martin , sees the opportunity to share Formula One technology with the firm's range of road cars, he said on Wednesday.
The rapid spread of coronavirus cases worldwide is complicating a standard strategy used by airlines when disease, disaster or conflict hit travel destinations: lower fares and redirect flights to trouble-free areas.
Model fire stations and garbage trucks helped Lego defy a shrinking toy market with a rise in sales last year, as the plastic brick maker outpaced rivals with the latest versions of its classic kits, as well as new stores and a revamped website.
Oil prices rose on Wednesday on hopes that major producers have made progress towards sealing an agreement to implement deeper output cuts aimed at offsetting the slump in demand caused by the global coronavirus outbreak.
In an effort to win over passengers hesitant about traveling in the midst of a spreading coronavirus outbreak, some airlines are offering free rebooking options.
Asian shares struggled to find their footing on Wednesday and bonds held stunning gains, as an emergency rate cut from the U.S. Federal Reserve seemed to stoke rather than soothe fears over the coronavirus' widening global economic fallout.