Samsung to shut mobile phone plant in China’s Tianjin
Samsung Electronics will cease operations at one of its mobile phone manufacturing plants in China, the company said, as its sales in the world’s biggest smartphone market slumps amid rising competition from lower-cost local rivals.
Exclusive: Don’t contact our board members, Renault tells Nissan – sources
Renault told alliance partner Nissan to stop contacting the French company’s directors ahead of a Thursday board meeting as the Japanese automaker tried to share evidence of wrongdoing by its ousted chairman Carlos Ghosn, two sources said.
Zara owner Inditex hit by FX swings and warm weather
Zara owner Inditex missed sales and profit forecasts on Wednesday, hit by adverse currency moves and an unusually warm September, leading investors to wipe more than $5 billion off the fashion retailer’s market value at one stage.
Stocks cheered by Trump trade talk; sterling claws off lows
Stock markets rallied on Wednesday as U.S. President Donald Trump sounded upbeat about a trade deal with China, while sterling rose off 20 month lows as Prime Minister Theresa May vowed to fight a challenge to her leadership.
Exclusive: Airbus staff error led to fatal Mali copter crash – German official
The fatal crash of a German armed forces helicopter in Mali last year was caused by the failure of mechanics from manufacturer Airbus to correctly set the aircraft’s rotor controls after repairs, a defense official told Reuters on Wednesday.
Amazon aims at office workers with compact cashier-less food store
Amazon.com Inc on Wednesday opened a compact version of its cashier-less Amazon Go food stores, broadening its footprint in the bricks-and-mortar world in a move to add shops in places such as office lobbies and hospitals.
Zara owner Inditex profit falls short of estimates
Zara owner Inditex reported third-quarter profit below analysts’ expectations on Wednesday due to currency effects, but the world’s largest clothing retailer, maintained sales and margin guidance for the rest of the year.
Rolls-Royce expects 2018 profit, free cash flow in upper half of forecast range
Rolls-Royce expects its 2018 group profit and free cash flow to be in the upper half of its guidance range, the British engineering company said on Wednesday, shrugging off problems with some of its aircraft engines.
China welcomes any effort to move Huawei case toward resolution
China’s Foreign Ministry said on Wednesday that Canada’s arrest of Meng Wanzhou, a top executive with Chinese tech giant Huawei, was a mistake from the start, and welcomed any efforts to move the case toward a correct resolution.
Zara owner Inditex reports 4 percent profit growth
Zara owner Inditex on Wednesday reported net profit of 2.4 billion euros ($2.7 billion) for the first nine months of its financial year, up 4 percent on the year, and maintained guidance for the second half of the year.
