Grain trader Louis Dreyfus to cut costs in ongoing overhaul
Louis Dreyfus Company is making sweeping cost cuts, starting with travel, entertainment, hiring and salaries, as the 168-year-old agricultural commodities firm tries to revive dwindling profits.
Hong Kong loses luster for luxury brands as mainland China shines: Bain
Luxury brands are likely to retreat from Hong Kong as the city is wracked by protests at a time when wealthy Chinese shoppers are staying on the mainland, consultancy Bain said on Thursday, highlighting a shift that is reshaping the global industry.
Barclays joins rivals with cuts to CEO pension perks
Barclays is planning to cut the 396,000 pounds ($508,068) pension allowance it pays Chief Executive Jes Staley by around half, echoing moves by rivals who have pledged to rein in executive pension perks following a campaign by investors.
EU lawmakers clear U.S. beef imports but fault U.S. tariffs
European Union lawmakers approved an increase in U.S. beef imports to the EU on Thursday, a move likely to ease transatlantic tensions.
China reiterates its pledge to lower trade barriers, widen market access: Xinhua
China on Thursday reiterated its pledge to further widen market access for foreign capital and lower non-tariff trade barriers, as it aims to boost flagging trade amid a slowing economy and a trade war with the United States.
Denmark’s Maersk to lay off staff as part of cost cuts
Danish shipping group Maersk said on Thursday it would lay off staff at its main offices in Denmark and in other countries.
Amazon does not infringe Coty’s trade mark rights, says EU court adviser
Amazon does not breach trade mark rights when it stocks and transports goods for third-party sellers, an adviser to Europe’s top court said on Thursday, siding with the U.S. online retail giant against U.S. cosmetics company Coty.
Labour talks with Lufthansa end without results: cabin crew union
Cabin crew union UFO on Thursday said that wage talks it held with Lufthansa ended without results, adding that it would now prepare for industrial action at the German carrier.
Nissan to roll out high-tech production system amid pressure to cut costs
Nissan Motor Co. is introducing a new, higher-tech production system globally to try to boost efficiency as it looks to reverse a slide in profitability.
Oil falls as U.S. rights bill fuels tensions with China
Oil prices fell for a second consecutive day on Thursday after U.S. President Donald Trump signed into law a bill backing protesters in Hong Kong, fuelling tensions with China.
