Business

Cathay Pacific posts record loss, warns of long recovery

Hong Kong carrier Cathay Pacific said Wednesday it suffered a record $2.8 billion loss last year as the coronavirus pandemic wiped out demand for travel—and the airline warned of a long road to recovery ahead.

Business

Furious shareholders blast Nissan bosses

Shareholders livid about the performance of struggling Japanese car giant Nissan on Tuesday blasted bosses over dividends, executive pay, the stock price, and even the type of vehicle they use.