The boss of British Airways (BA) has admitted the airline is “fighting for survival” as he defended the airline’s decision to cut up to 12,000 jobs. Chief executive Alex Cruz…
Category: Business
Japan government contacted Toshiba shareholders before AGM – sources
TOKYO - Japan’s government contacted several foreign shareholders in Toshiba Corp ahead of the conglomerate’s annual meeting, three people familiar with the matter said, in what at least one investor…
Chip group to warn Trump administration against blacklisting China’s SMIC: document
WASHINGTON - Companies that supply the chip sector with sophisticated and expensive equipment plan to warn the Trump administration against a proposal to blacklist China's top chipmaker, Semiconductor Manufacturing International…
Huawei phone prices rise in China on fears of chip shortage
SHENZHEN - Chinese consumers are rushing to buy smartphones from Huawei Technologies Co Ltd featuring its high-end Kirin chips, fearing curbs on the firm’s access to U.S. technology will soon…
Oil up more than 4% as U.S. stockpiles fall, hurricane hits output
NEW YORK - Oil prices jumped more than 4% on Wednesday, following a drawdown in U.S. crude and gasoline inventories and as Hurricane Sally forced a swath of U.S. offshore…
Starboard touts operational know-how in shopping for SPAC target
BOSTON - For 17 years Jeffrey Smith, the co-founder of activist investment firm Starboard Value LP, has been telling public companies he and his team can help improve their operations.…
U.S. says WeChat users will not be penalized
WASHINGTON - WeChat users will not face civil or criminal penalties even if the United States bans the Chinese-owned messaging app through other actions next week, the Justice Department said…