29/01/2019

Norwegian to raise 300 mn euros to bolster finances

Struggling low-cost carrier Norwegian Air Shuttle said Tuesday it planned to sell new shares to raise three billion kroner (309 million euros) to meet financial obligations as it restructures and cuts costs.

Huawei: how the telecoms giant is seen around the world

US charges against Chinese telecoms giant Huawei have cranked up tensions between the world's two biggest economies, but the company is already facing obstructions around the world over alleged cyber-security risks.

Billion-euro SAP restructuring to cost 4,400 jobs

German software giant SAP said Tuesday it would slash 4,400 jobs in a billion-euro restructuring plan after profits stagnated in 2018, while insisting it was on track to grow revenues and earnings this year.

Record-breaking cold coming to Midwest after snowstorm

Extremely cold, record-breaking temperatures are settling across parts of the Midwest after a powerful snowstorm pounded the region overnight Monday, and forecasters are describing the subzero weather on the way as potentially ...

French authorities reject Ford plant closure plan

French authorities have rejected a plan put forward by US auto-maker Ford to close one of its plants, giving a Franco-Belgian equipment manufacturer more time to improve a buy-out offer.

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