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 ...

Automotive

Daimler to spin off trucks, change name to Mercedes-Benz

German automaker Daimler will split itself into two independent companies by spinning off its truck and bus division, a move the company said would give both the freedom to operate more nimbly in a fast-changing environment ...

Business

Chinese shoppers spend big in post-virus Singles' Day binge

Chinese shoppers splurged more than $100 billion in the world's biggest shopping event of the year, in a huge spending spree that suggests the country's all-important army of consumers is fighting back after months of pandemic ...

Business

Chinese shoppers splurge in world's largest shopping fest

Chinese consumers are expected to spend tens of billions on everything from fresh food to luxury goods during this year's Singles' Day online shopping festival, as the country recovers from the pandemic.

Internet

'I selfie, therefore I am': Instagram 10 years on

#Foodporn, #nofilter and #TBT: Little known to the general public a decade ago, Instagram has weaved its way into the daily lives of a billion people, changing the way we eat, travel and consume.

Automotive

Rolls-Royce launches new Ghost amid virus worries

Rolls-Royce launched its eagerly-awaited new "Ghost" model on Tuesday, even as the luxury carmaker's chief warned that coronavirus would impact the automotive market for several years.

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