Business

Amazon seeks to build on soaring growth as Bezos hands over

Amazon is changing at the top but stressing continuity after founder Jeff Bezos announced he was handing over the role of chief executive to trusted lieutenant Andy Jassy, capping a spectacular expansion for the 27-year-old ...

Business

$2.1 billion Asiana Airlines takeover collapses

A $2-billion-plus deal for a South Korean property developer to take over lossmaking Asiana Airlines collapsed Friday in the wake of the coronavirus pandemic, with state-owned banks mounting a bailout to try to save 9,000 ...

Business

Media scion James Murdoch quits News Corp board

Former 21st Century Fox chief executive James Murdoch, son of media tycoon Rupert Murdoch, has resigned from News Corp's board, according to a document released Friday by the US Securities and Exchange Commission (SEC).

Business

Lufthansa hopeful on deal for German state aid

Europe's biggest airline group Lufthansa said Sunday it was close to a deal with the German government on state aid to ease the impact of the coronavirus crisis.