Air France-KLM plans sales and efficiency drive to lift profit
Air France-KLM outlined plans to expand its budget Transavia business and push the core French carrier upmarket, while overhauling its fleet in pursuit of improved sales and profitability.
Operating an airline in France is not easy, costs high: Air France KLM CEO
Air France KLM is lobbying authorities in France as it pushes to try and make the market more competitive, the group’s top boss said on Tuesday, adding that tax bills and the cost of operating out of airports there was higher than elsewhere.
Factbox: SoftBank’s ever-growing mountain of debt
SoftBank Group Corp has built a global conglomerate of telecoms and tech companies on an ever-growing mountain of debt that major rating agencies categorize as junk.
SoftBank says WeWork Japan can become profitable ‘in near future’
WeWork’s Japan unit can become profitable “in the near future”, the Japanese partner of the U.S. office-space sharing startup said on Tuesday, amid investor scepticism over its path to profitability.
At Smithfield Foods’ slaughterhouse, China brings home U.S. bacon
Smithfield Foods’ slaughterhouse in Virginia used to carve up pork for American sandwiches and holiday dinners. But workers now box up pig carcasses to ship to China, according to employees, local officials and industry sources.
SoftBank Corp CEO says WeWork Japan can become profitable ‘in near future’
SoftBank Corp CEO Ken Miyauchi said on Tuesday WeWork’s Japanese business can become profitable “in the near future”.
Oil edges lower after gains driven by trade optimism
Oil prices steadied on Tuesday as investors kept an eye on U.S. inventory data due later in the day, following two days of gains on positive economic data and hopes for a Washington-Beijing trade deal.
Rakuten sees $947 million loss from Lyft investment in latest quarter
Japan’s Rakuten Inc said on Tuesday it expects to take a 103 billion yen ($947 million) loss in the latest quarter on its investment in U.S. ride-hailing firm Lyft Inc.
After U.S. blacklisting, iFlytek chief says firm will stick to law
Chinese artificial intelligence firm iFlytek will strictly adhere to international laws, including a recent decision by the U.S. government to put the firm on a trade blacklist, its chairman said on Tuesday.
Asian shares race to six-month high on hopes of tariff relief
Asian shares vaulted to six-month highs on Tuesday, surpassing their July peaks, as hopes that Washington may roll back some of the tariffs it has imposed on imports from China shored up optimism on the global economic outlook.
