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PARIS: Planemaker Airbus on Wednesday posted a 49% slump in first-quarter adjusted operating profit to 281 million euros ($304.7 million) as revenue dropped 15% to 10.631 billion euros amid the "gravest crisis the aerospace industry has ever known".
SEOUL: Samsung Group heir Jay Y. Lee said on Wednesday that he will not hand over management rights to his children at the family-controlled conglomerate.
THE gradual reopening of India’s economy after a 43-day coronavirus lockdown has been marred by a hyper-centralisation of decision-making.
SEOUL: A South Korean court will rule as soon as Monday whether to send Samsung Group heir Jay Y. Lee back to jail after more than two years of freedom, as new allegations dog the executive and cast a pall over the country's top conglomerate.
ONE more item for Germany’s to-do list following the Wirecard scandal: Reassess the country’s two-tier board system.