The consumer protection agency of Peru is suing the Spanish oil company Repsol for a massive oil spill that occurred off the coast of Lima in January and stained the beaches there. More than 10,000 barrels of oil leaked into the Pacific Ocean during the spill, which Peru described as the worst...

Despite reporting annual losses for the third consecutive year, the national carriers of Australia and New Zealand claim that the worst of the coronavirus crisis is now behind them. With the pandemic's "existential crisis now over," according to Qantas, demand is rising.   Since March, Air...

With the global economy getting into a prolonged period of recession, the founder of China's embattled tech giant Huawei Technologies has informed the company employees that the firm's focus should change from pushing for scale to ensuring making and...

JD.com Inc. surpassed Wall Street expectations for quarterly revenue on Tuesday as China's coronavirus shutdown bolstered online shopping and the firm's "618" shopping festival.   In pre-market trading, stocks of the Beijing-based e-commerce behemoth increased by almost 7 per cent....

Tencent Holdings' non-fungible token (NFT) platform Huanhe will no longer distribute digital collectibles to the public, the company announced on Tuesday, as regulatory scrutiny of NFTs grows in China.   Huanhe, which was officially launched in early August, would no longer be releasing new...

Mizuho Securities Co, the brokerage arm of Mizuho Financial Group, has "space for future growth" in the United States, and acquisitions are one possibility under consideration, according to CEO Yoshiro Hamamoto.   Its US business, which mostly consists of investment banking and trading,...

Qantas Airways of Australia announced on Monday that it would add six Airbus SE A321 converted freighters to its domestic fleet to replace five ageing Boeing Co 737s and enhance capacity to meet an increase in demand from online shopping.   The A321 freighters will be sourced on the open...

The state owned oil company of Saudi Arabi - Saudi Aramco posted its greatest quarterly profit since going public in 2019, bolstered by increased oil prices and refining margins, on Sunday.   Aramco follows oil majors such as Exxon Mobil Corp and BP in reporting strong or record-breaking...

Boeing Co.'s 787 Dreamliner has returned to the global market for freshly delivered aircraft at a time when demand for wide-body jetliners is gradually reviving after a lengthy decline.   On Wednesday, Boeing delivered its first Dreamliner since May 2021, marking a key milestone for the...

Mazda Motor Corp of Japan stated on Friday that following COVID-19 lockdowns in Shanghai disrupted supplies and hampered production, it will ask its parts suppliers to expand stocks in Japan and create components outside of China.   The request from the Hiroshima-based manufacturer...

Daimler Truck will maintain high prices even if certain costs begin to decline in order to compensate for reduced profits since last year, the truckmaker said on Thursday, anticipating solid demand into 2023 despite recession fears.   Energy prices, supply chain bottlenecks in China, and...