Business

For-profit media model has collapsed, expert says

The for-profit media model has collapsed, and newspapers have not been able to craft a digital response, says Penelope Abernathy, former vice-president of the Wall Street Journal and New York Times, and a University of North ...

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

Toyota warns of 64% drop in full-year net profit

Toyota on Thursday warned of a 64 percent drop in full-year net profit and reported a slump in quarterly earnings, as the coronavirus pandemic shreds the global auto market.

Business

NYTimes wins new digital subscribers as ad revenue craters

The New York Times Co.'s digital transformation continued during the second quarter, with its online subscription and ad revenue now exceeding its print revenue, even as the economic aftershocks of the coronavirus pandemic ...

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.

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