Business

Air France-KLM chief Jean-Marc Janaillac has announced his resignation after French staff at the strike-hit airline rejected a new pay deal. “I accept the consequences of this vote and will tender my resignation to the boards...

Toyota announced on Friday it would invest Can$1.4 billion ($1.09 billion) in two factories in central Canada where the Japanese manufacturer plans to build its largest hybrid hub in North America, reports BSS. Ottawa will support...

Budweiser beer maker Anheuser-Busch said on Thursday it reserved up to 800 hydrogen-fueled semi-trucks from Nikola Motor Company as part of plans to convert its dedicated long-haul fleet to renewable powered trucks by 2025. The order...

Amazon.com Inc said on Thursday it would open a new Australian fulfillment center in the southwest of Sydney, the country’s biggest city, in the second half of 2018. Amazon would begin recruiting immediately for a range...

FedEx Corp. announced that John A. Smith has been named President and CEO of FedEx Freight effective August 16, 2018. Smith, 56, currently serves as Senior Vice President of Operations at FedEx Freight, a subsidiary of...

General Motors’ planned $3.6 billion cash infusion to rescue its South Korean business will be in the form of loans, while Korea Development Bank (KDB) will receive preference shares for its $750 million investment in GM...

Shares of Snap Inc fell 17 percent on Wednesday, a day after the Snapchat owner missed first-quarter user targets and said revenue growth would see a substantial slowdown in the current quarter as the backlash over...

Regeneron Pharmaceuticals Inc and Sanofi SA will slash the price of their expensive cholesterol drug for Express Scripts Holdings Co customers in exchange for greater patient access, with some savings to be shared with consumers, the...

Toyota Motor North America (TMNA) reported April 2018 sales of 192,348 vehicles, a decrease of 4.7 percent from April 2017 on a volume basis. With two less selling days in April 2018 compared to April 2017,...

Apple is returning another $100bn (£73bn) to shareholders from its huge cash pile as solid iPhone sales helped revenues rise 16% to just over $61bn. The company sold 52.2 million iPhones in the three months to...