In order to generate more cash amid the hard economic hit because of the novel coronavirus pandemic on the airline industry, plans for a possible rights issue of up to 2.75 billion euros are being drawn up by the British Airways owner IAG, the company said on Friday.   This statement was...

The British energy services and solutions company Centrica Plc will be divesting its North American subsidiary Direct Energy in a deal worth $3.63 billion.   The news powered a 38 per cent rise in the stock price of the company that owns British Gas, Centrica Hive, Direct Energy and Bord...

In a "final" bid to turnover tariffs imposed by the United States and to convince the US to come to a settlement for the 16-year-old dispute over aircraft subsidies of over billions of dollars, the European plane maker will amend French and Spanish government loans, the company said on Friday....

Germany’s Volkswagen AG, the largest automaker of Europe, plans create a an industry-wide marketplace for business customers to buy and sell industrial applications by expanding the scope and reach of its cloud-based software and data portal, the auto maker said.   Designed initially in...

Despite the novel coronavirus pandemic, Hershey Co announced its expectation of accelerating sales in the months ahead as it reported profits that beat expectations of the market.   The company said that its expectations beating performance was driven by strong demand for its cooking...

A new survey that was published on Monday showed that almost half of the biggest companies of the United Kingdom are of the opinion that businesses will be able to completely recover from the novel coronavirus pandemic only by the second half of 2021. This survey casts a shadow on hopes of a speedy...

According to a report published in the Wall Street Journal citing sources with information of the matter, the top advertiser on Facebook’s social media platform, Walt Disney Co., has “dramatically slashed” advertisement spending on the platform.   This move by the entertainment giant also...

Mondelez, the owner of Cadbury brand, has said that by the end of 2021, all Cadbury chocolate bars that are sold in multipacks will be reduced in size to bring down the calorie count in them.   No more than 200 calories each for a pack of four is aimed to be included in some of the popular...

Despite Netflix Inc forecasting weak growth in subscribers for the third quarter, analysts at Wall Street shrugged of the forecast and instead focused on the record number of users that the video streaming service had notched up in the first half of the current year.   Analysts also...

All websites and apps advertisements that are placed on “dangerous content” that goes against scientific consensus during the novel coronavirus pandemic with the use of its advertising technology will be prevented, said Alphabet Inc’s Google on Friday.   With the global Cvoid-19 pandemic...

Even after posting a smaller-than-expected quarterly loss, German auto making giant Daimler has announced that it would stop manufacturing Mercedes-Benz sedans in the United States and Mexico with the aim of further deepening its cost saving strategy.   Output of its Mercedes-Benz C-Class...