Corporate

Azerbaijan airline AZAL has canceled a $1 billion contract with Boeing to purchase 10 737 MAX jets, a spokesman said on Monday, following the fatal crashes involving the aircraft in Ethiopia and Indonesia. “AZAL refused to...

Infineon has agreed to buy Cypress Semiconductors in a deal valuing the U.S. maker of microchips used in cars and electronic devices at 9 billion euros ($10.1 billion), including debt, the German company said on Monday....

Amazon.com Inc is interested in buying prepaid cellphone wireless service Boost Mobile from U.S. carriers T-Mobile US Inc and Sprint Corp, two sources familiar with the matter said on Thursday. Amazon is considering buying Boost –...

General Electric (GE) may cut more than 1,000 jobs in France, which could set the U.S. company on a collision course with the French government which has consistently urged GE not to cut French jobs. A...

Fiat Chrysler and Renault are set to confirm talks on a potential tie-up on Monday, with the board of the French carmaker called to an early morning meeting to discuss the situation. It comes after news...

British Airways will resume flights to Pakistan next week a decade after it suspended operations following a major hotel bombing, becoming the first Western airline to restart flights to the South Asian country. BA halted service...

Brazilian cosmetics group Natura has announced that it is buying UK-based direct-selling cosmetics business Avon. Natura, which already owns The Body Shop and Aesop, is Brazil’s top business in cosmetics, perfumes, and toiletries. Its all-stock offer...

Japan’s Panasonic said on Thursday it is suspending business with Huawei after a US ban on the Chinese firm over security fears, in a new blow for the telecoms giant. “We’ve stopped all business transactions with...

British chip designer ARM has halted relations with Huawei in order to comply with a United States blockade of the company, potentially crippling the Chinese company’s ability to make new chips for its future smartphones. Huawei,...

Ford Motor Co said on Wednesday it is partnering with walking robots maker Agility Robotics to assist self-driving delivery vans drop packages at the doorsteps of people’s homes. Ford’s move into robotics comes as the No.2...