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Ryanair cuts planned capacity and jobs, blames 737 MAX delays

Low-cost airline Ryanair trimmed its passenger traffic forecast on Wednesday, saying it would cut summer capacity and an unspecified number of jobs as a result of further delays in returning Boeing's grounded 737 Max aircraft to service.



4 years ago

Barry Callebaut cites progress in helping cocoa farmers tackle child labor

Swiss cocoa products maker Barry Callebaut said on Tuesday that 26% of the farmer groups from which it sourced products in 2018/2019 had programs to prevent child labor,



4 years ago

Saudi Aramco's bookrunners recommend IPO should be priced at top end: sources

Saudi Aramco's bookrunners have recommended the oil giant should price its initial public offering at 32 riyals ($8.5) per share, the top of an indicative price range, three sources familiar with the deal said, potentially making it the world's biggest IPO.



4 years ago

Stocks rally on renewed trade talk optimism, yields rise

Government debt yields and a gauge of global equity markets rose on Wednesday as sentiment improved after U.S. President Donald Trump said trade talks with China were going "very well" and a news report suggested key differences were being ironed out.



4 years ago

Exclusive: WeWork China sets out bold 2020 sales targets at meeting - sources

WeWork China has set out ambitious revenue goals for 2020 even though it faces staff cutbacks and weak occupancy numbers at its properties across China, sources familiar with the matter said, citing targets announced by the division's general manager at an internal meeting in Shanghai on Wednesday.



4 years ago

Exclusive: Alibaba-backed startup AutoX applies for driver-less test permit in California

Chinese startup AutoX, backed by e-commerce giant Alibaba, has applied to test self-driving vehicles without an in-car backup driver in California, the first challenger to Alphabet Inc's autonomous driving venture Waymo to say it has done so.



4 years ago

Oil jumps 4% on U.S. stockpiles drop; further OPEC output cuts seen

Oil prices surged 4% on Wednesday on expectations that OPEC and allied producers would extend production curbs, and as U.S. government data showed a large drop in domestic crude stockpiles.



4 years ago

Airbnb to process EU payments via Luxembourg as Brexit looms

Airbnb will process payments between hosts and guests for the European Union through Luxembourg as of 2020, as the home rental giant prepares for Britain's departure from the bloc, Luxembourg for Finance said on Wednesday.



4 years ago

Ryanair CEO denies accusation of bullying former operations chief

Ryanair chief executive Michael O'Leary on Wednesday dismissed accusations that he bullied and forced out his former operations chief Peter Bellew, telling a court he was a highly paid professional who had failed to deliver.



4 years ago

Saudi Aramco's bookrunners recommend pricing IPO at top end: sources

Saudi Aramco's bookrunners have recommended pricing its initial public offering at 32 riyals ($8.5) per share, the top of an indicative price range, three sources familiar with the deal said, potentially making it the world's biggest IPO.



4 years ago

Wall Street rises on renewed hopes of trade deal

Wall Street's main indexes rose for the first time in four sessions on Wednesday, following a report that the United States and China were moving closer to signing a 'phase-one' trade deal.



4 years ago

Peloton's Christmas ad mocked as sexist

Exercise bike and treadmill maker Peloton Interactive Inc's latest Christmas advertisement has been widely criticized on social media as being "sexist" and "dystopian".



4 years ago

Billionaire businessman Ken Langone talks about stocks he likes, including JP Morgan and GE

The Home Depot co-founder says he used Tuesday's stock market drop as a buying opportunity.

4 years ago

People in this state take the most time to pay off their credit cards

When it comes to managing debt, New Mexicans are taking the most time to squash the balances on their credit cards. How much they've borrowed is only part of the story.

4 years ago

Elon Musk returns to testify in defamation trial over 'pedo guy' tweets

Tesla Chief Executive Elon Musk returned to court on Wednesday to resume testifying at a trial to decide whether he defamed a British diver whom the Silicon Valley billionaire called "pedo guy" on Twitter.



4 years ago