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FRANKFURT: BMW on Tuesday said its China sales have taken a hit this year because of the new coronavirus, but stuck to its target for growing passenger car sales for the year, and said its global supply chain has not been disrupted.
PARIS: Hermes International Chief Executive Officer Axel Dumas said it’s too early to predict when the Chinese market will recover as the spread of the coronavirus hammers luxury spending there.
ZURICH: Nestle SA pushed back its target for sales growth as revenue from China slowed even before the outbreak of the novel coronavirus in the Nescafe maker’s second-largest market.
IF anybody thought that the level of corruption in the public sector is bad – they are wrong. It’s worse in the private sector.
LONDON/CHICAGO: Boeing Co's new chief executive has sent the aerospace giant back to the drawing board on proposals for a new mid-market aircraft, effectively shelving in their current form plans worth US$15 billion-$20 billion that had been overtaken by the 737 MAX crisis
KUALA LUMPUR: Malaysia-China bilateral trade will hit another record high in 2019, as it had already posted US$111bil (RM455bil) in the first 11 months of the year, according to Chinese Ambassador to Malaysia Bai Tian.
SAN FRANCISCO: Uber Technologies Inc. and Postmates Inc. sued the state of California, alleging that a labor rights law set to go into effect this week is unconstitutional.
PARIS: Airbus on course to end 2019 with rise in orders on strong demand from Asia.
KUALA LUMPUR: The Finance Ministry is likely to agree on the proposal to channel the 3% windfall profit tax (WPT) on palm oil producers into a trust fund for biodiesel and oil palm smallholders’ development, according to Primary Industries Minister Teresa Kok.
BRUSSELS: The new head of the European Commission, Ursula von der Leyen, will attend a climate summit in Madrid and travel to Africa in her first week in the job, highlighting two of the key priorities for the EU executive over the next five years.