Business

British Airways parent IAG swoops for more cash to survive crisis

Airline giant IAG, the owner of British Airways and Spanish carrier Iberia, on Friday logged a 3.8-billion-euro ($4.5 billion) first-half net loss—and launched a capital-raising to help it navigate the demand-destroying ...

Business

EU antitrust fines: Google pips Google to top spot

The EU hit Google on Wednesday with the biggest fine ever against a company for abuse of a dominant market position—surpassing a previous record also held by Google.

Business

Nokia profit up despite pandemic as new CEO takes over

Nokia has reported better than expected second-quarter earnings on the back of improved margins for telecoms equipment and software despite the coronavirus crisis causing a substantial drop in revenue.

Business

Lufthansa warns of forced layoffs on virus turbulences

German airline giant Lufthansa said Thursday that demand for air travel will return to pre-crisis levels only in 2024 or even later as it announced forced layoffs on the back of a significant loss.

Business

EU's five biggest antitrust fines on big tech

The European Commission's powerful competition regulator on Monday slapped Apple with a 1.8-billion-euro ($1.9-billion) penalty, the third biggest antitrust fine by the European Union.

Business

Ryanair logs annual profit but warns on virus chaos

Irish no-frills airline Ryanair said Monday that net profits climbed to 1.0 billion euros ($1.07 billion) in its 2019/2020 financial year, which ended just after coronavirus grounded planes worldwide.

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