American Airlines defended an unexpected pay increase for its employees Thursday, saying the raise was needed to keep pace with competitors and better serve customers.
Samsung and Apple maintained their leadership in the smartphone market in early 2017 while Chinese-based Huawei’s strong growth cemented its number three position, a market tracker said Thursday.
German inflation shot up in April to reach the European Central Bank’s target, preliminary data showed Thursday, giving impetus to growing calls for monetary policy makers to end their expansionary policy.
European Central Bank governors on Thursday left key interest rates at historic lows and the ECB’s mass bond-buying programme in place, a spokesman said, in line with observers’ expectations.
Spain’s first-quarter jobless rate rose for the first time in two years, official figures showed Thursday, mainly due to a lull in the tourism sector.
Eurogroup head Jeroen Dijsselbloem gave a “strong commitment” Thursday that a deal to break the deadlock over Greece’s bailout would be reached by next month.
German airline group Lufthansa said Thursday it is not interested in snapping up troubled Italian carrier Alitalia, as Rome hunts for a buyer after workers rejected a bailout plan.
Nintendo expects to sell 10 million units of the new Switch game console over the next year, the company said Thursday, as it bets big on the successor to its poor-selling Wii U.
Shares in Germany’s biggest lender Deutsche Bank took a tumble in morning trading in Frankfurt Thursday, despite the bank reporting strong first-quarter results.
Finland’s telecoms giant Nokia reported Thursday that it remained deep in the red at the start of the year, with sales in its main business, networks, on the decline.
Britain’s state-rescued Lloyds Banking Group said Thursday that first quarter net profit jumped 72 percent as exceptional costs from a year earlier were not repeated.