Automotive

Stripped-back auto show mirrors German car industry gloom

Frankfurt's biennial International Auto Show (IAA) opens its doors to the public Thursday, but major foreign carmakers are staying away while climate demonstrators march outside—forming a microcosm of the industry's woes.

Business

Amazon may prove exception to global tax rules

The Group of Seven wealthy nations may have endorsed a plan to ensure the world's biggest companies pay a minimum global tax rate, but US tech behemoth Amazon may escape it.

Business

European price war squeezes Lufthansa hard

European airline giant Lufthansa on Tuesday reported tumbling net profits in the second quarter, saying higher operating costs and a European short-haul price war ate into the bottom line.

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