ITA Airways posted a 2023 net loss of only 5 million euros ($5.4 million), a strong improvement from the year before, and revenues of 2.4 billion euros amid an increase in the flights it operates, the company said on Wednesday.
British businesses trimmed their plans for staffing and wage increases this month, according to a survey published on Wednesday that suggested April’s big increase in the minimum wage is weighing on employers.
UBS has sealed the sale of Credit Suisse’s securitised products business to Apollo Global Management as part of efforts to shed non-core assets after its takeover of the collapsed banking group.
The European Union’s top court on Wednesday said it had rejected a request by Amazon to suspend its obligation to make an advertisement repository publicly available.
Chinese electric vehicle giant BYD set a 3.6 million sales target for 2024, up 20% from its record-breaking sales last year, China Business Network (CBN) reported on Wednesday.
H&M , the world’s second-biggest listed fashion retailer, postponed the start of some Spring/Summer campaigns to adjust to shipping delays caused by the Red Sea crisis, CEO Daniel Erver said on Wednesday.
A group of major bondholders of defaulted Chinese developer Shimao Group said on Wednesday it “firmly opposes” the firm’s proposal to revamp $11.5 billion of offshore debt, clouding its prospects amid a deepening crisis in the property sector.
The Netherlands’ five largest pension funds on Wednesday said they were willing to invest billions in the country’s energy transition and to help support investment in the electricity grid.
