Business

Lufthansa issues profit warning, launches 'turnaround'

German airline giant Lufthansa slashed its 2024 profit forecast Friday after a weak second quarter and launched a "turnaround" plan for its flagship carrier, which it warned might not break even.

Business

Samsung workers begin three-day general strike over pay

Workers at South Korean tech giant Samsung began a three-day general strike over pay and benefits on Monday, the head of a union representing tens of thousands of employees told AFP, warning the action could impact memory ...

Business

Siemens to sell electrical motors business to KPS

German industrial giant Siemens said Thursday it will sell its electrical motors business Innomotics to private US equity firm KPS Capital Partners for 3.5 billion euros ($3.8 billion).

Business

Delta eyes record Q2 on still-strong demand

Delta Air Lines reported another round of strong earnings on Wednesday as it forecast a record second quarter based on consistently strong travel appetite.

Security

Generative AI becoming a concern for supply chain managers

The results of the Lehigh Business Supply Chain Risk Management Index for the second quarter of 2024 show cybersecurity is the biggest risk on supply chain managers' minds for the fifth straight quarter, increasing more than ...

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