Air freight rates head back to earth as virus-driven boom cools
An air cargo boom driven by demand for protective gear against the coronavirus has peaked and rates, while still 50% above normal levels, are falling
Category: Business
Wirecard says it cannot rule out ‘fraud of considerable proportions’
German payments company Wirecard AG (WDIG.DE) said on Friday it may be the victim of “fraud of considerable proportions”, after its auditor refused to sign
South Korea’s wealthy, passed over by pandemic pain, splurge on Porsches and BMWs
Hwang Min-yong, a 37-year-old South Korean businessman, recently received his black Porsche Cayenne coupe with red leather seats after a seven-month wait and took it
Blackstone, Taisho Pharma among final bidders for Takeda’s Japan OTC unit
Blackstone, Bain Capital and Taisho Pharmaceutical are among the final bidders for Takeda Pharmaceutical’s (4502.T) consumer drug business in Japan, a deal that could be
Discount grocers look to jump on home delivery bandwagon
Discount supermarket chains Aldi and Lidl look poised to accelerate their push into home delivery to satisfy burgeoning demand for online grocery shopping in a
U.S. shares retreat on renewed pandemic fears, safe-havens rise
Demand for safe havens rose and global equity markets turned south on Friday after Apple Inc said it would temporarily shut 11 U.S. stores as
Nissan cuts more shifts at Japan car plants due to low demand
Nissan Motor Co (7201.T) on Friday said it will cut more shifts at its three assembly plants in Japan due to falling demand, as the