Nestle expects pick up in sales growth to be maintained
VEVEY, Switzerland (Reuters)A – Nestle said it expected its organic sales to rise by more than 3 percent this year after an improving performance in China and North America helped growth accelerate in 2018 after six years of slowdowns.
Renault sales and profits fall on diesel, currency setbacks
Renault’s revenue and profits fell in 2018, hit by collapsing diesel sales, exchange-rate setbacks and a withdrawal from the Iranian market, the French carmaker said.
Famed Cullinan mine banks on big diamonds to drive down debt
The owner of one of the world’s most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.
Abu Dhabi’s Etihad Airways restructures Airbus, Boeing jet orders
Etihad Airways said on Thursday it has agreed with Airbus and Boeing to restructure a “large portion” of its orders, in what appeared to be a major cut in long-haul jet orders.
Airbus A380: from European dream to white elephant
Loved by passengers, feared by accountants, the world’s largest airliner has run out of runway after Airbus decided to close A380 production after 12 years in service due to weak sales.
Why Walmart farms out same-day grocery deliveries to low-cost freelance drivers
Jeff Leonard slides behind the wheel of his burgundy Honda Accord and heads to a nearby Walmart Inc store, where he picks up the package of groceries waiting for him.
Airbus to scrap production of A380 superjumbo
Europe’s Airbus announced plans to scrap production of the A380 superjumbo on Thursday, abandoning its dream of dominating the skies with a cruiseliner for the 21st century after years of lacklustre sales.
Emirates agrees with Airbus to reduce A380 order, to buy other jets
Emirates airline said on Thursday it had reached an agreement with Airbus to reduce its total order of A380 aircraft from 162 to 123 jets.
Asia shares cautious, seeking Sino-U.S. clarity
Asian stock markets were in a cautious mood on Thursday as investors hung on for any hint of progress in the latest Sino-U.S. tariff talks amid reports the White House could extend the deadline for a deal.
U.S.-China trade talks move to higher level as deadline looms
U.S. Treasury Secretary Steven Mnuchin said he was looking forward to trade talks with China on Thursday, as discussions in Beijing moved to a higher level in a push to de-escalate a tariff war ahead of a March 1 deadline for a deal.
