Amtrak CEO: Pandemic delayed profitability by years
The CEO of perennially unprofitable Amtrak joked to Congress Tuesday that the fastest track to a financial turnaround would be to stop operating trains and instead "go into the real estate business." But he said he has no intention of doing so.
2023-06-07 00:59
Pirelli CEO wants to limit Chinese influence on tyremaker-WSJ
ROME The long-serving chief executive of Pirelli has warned that the tyremaker's independence is at stake because of
2023-06-07 00:54
VW's China joint venture transforms Shanghai plant for EV production
SHANGHAI Volkswagen's Chinese joint venture with SAIC Motor has transformed one of its plants in Shanghai for production,
2023-06-06 19:48
UK Construction Firms Slash Housebuilding as Loan Rates Jump
UK house builders cut back on developments at a pace last seen during the pandemic and the global
2023-06-06 18:51
Analysis-Ford's EV charging tie-up with Tesla ripples through industry
By Abhirup Roy, Hyunjoo Jin and Isla Binnie SAN FRANCISCO Ford Motor Co's decision to allow customers to
2023-06-06 18:18
Australia’s Hawkish Interest-Rate Hike Explained in Four Charts
Australia’s central bank surprised investors for a second straight month with an interest-rate increase that suggested it’s worried
2023-06-06 16:52
Asia Family Offices Are Most Bearish on Property, Survey Shows
Asian family offices are turning more bearish on property than any other asset class, as interest rates rise
2023-06-06 16:51
Egypt Distressed Bonds Attract Yield Hunters on Asset-Sale Bets
Investors are looking anew at Egypt’s bonds after signs of progress in its plans to sell state assets.
2023-06-06 16:48
Ferrari to Stick With F1 as CEO Says Racing Drives Innovation
Ferrari NV isn’t giving up on auto racing. Even after another disappointing season on the Formula 1 circuit,
2023-06-06 16:25
Half of Large Firms Plan to Cut Office Space, Knight Frank Says
Many of the biggest corporate employers plan to reduce the amount of office space they occupy over the
2023-06-06 15:53
Ukraine Blames Russia for Dam Blast That Risks Flooding War Zone
Ukraine said Russian forces have blown up a giant dam in the country’s south, unleashing a torrent of
2023-06-06 14:58
Australia Unexpectedly Raises Key Rate, May Tighten Further
Australia’s central bank unexpectedly raised its key interest rate and kept the door ajar to further hikes as
2023-06-06 13:21