Automotive

Ferrari shifts up targets after 'record quarter'

Italian luxury carmaker Ferrari raised its financial targets for the year Thursday to eye sales of 5.9 billion euros ($6.3 billion) after another "record quarter".

Business

Spotify to cut 200 staff working with podcasts

Swedish music streaming giant Spotify said Monday it will cut some 200 positions, equalling two percent of its workforce, as it slims down its internal podcast operations.

Business

Ryanair net profits flatten in first half

Irish no-frills airline Ryanair said Monday that first-half net profit flattened on lower ticket prices, weak British demand, fierce competition elsewhere in Europe and a soaring fuel bill.

Business

Cost controls, luxury sales help Daimler weather pandemic

Car and truck maker Daimler increased its profits by 48% to 4.0 billion euros ($4.8 billion) in 2020 thanks to extensive cost-cutting and a sales recovery in the second half for its highly profitable Mercedes-Benz luxury ...

Business

Olympics tech partner Atos posts huge loss

Debt-strapped French tech giant Atos, a key Olympics partner, on Thursday posted a 1.9-billion-euro ($2.1 billion) loss for the first half of the year due to a depreciation of assets and the end of contracts in the Americas.

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