“We have the chance to become No.1 in the United States, to overtake AT&T and Verizon. That is our ambition,” Hoettges told reporters in Bonn after Deutsche Telekom reported record annual results in its 25th year as a listed company.
The aircraft maker said its Airbus Defense and Space division had entered consultation with the company’s European works council on the planned cutbacks.
Governments and airlines around the world have launched their own investigations after Airbus on Jan. 31 reached a record $4 billion settlement with prosecutors in Britain, France and United States over alleged bribery and corruption stretching back more than a decade.
Puma said more than half of its stores in China were temporarily closed and the decline of the Chinese tourism business was also hurting other markets, especially in Asia. Puma generates almost a third of its sales in Asia.
Highlighting the positive market reaction after a New York judge last week dismissed a lawsuit brought by more than a dozen U.S. states trying to block the deal, CEO Tim Hoettges said the ‘new’ T-Mobile would have a market value of around $120 billion.
The cash and shares deal, announced Monday, will make the combined entity the world’s second-biggest train maker after China’s state-owned CRRC Corp. It is the latest attempt by Western rail firms to try to build scale to lower costs.
“It’s a nightmare. This is pulling the rug out from under our feet,” said Kristin Schmitt, 40, of the plant closure in the Bavarian region of Bamberg, one of Germany’s auto supplier hubs.
(Reuters) – Chris Froome made his much-awaited return to the peloton at the UAE Tour…
In January, new car registrations dropped 7.4% to 1.135 million vehicles in the European Union, Britain and the European Free Trade Association (EFTA) countries, statistics by ACEA showed.
(Reuters) – Germany’s Francesco Friedrich became the first bobsledder to win 10 world titles when…
The 19-country euro zone has for years stuck to a broadly neutral fiscal policy in its annual recommendations, despite repeated calls from the European Central Bank and slow-growth states for it to invest more.
Here is a timeline of Bombardier’s evolution from a company selling snowmobiles decades ago, to a plane and train maker in recent years, and now – just a business jet maker after the Alstom deal. The information is sourced from Bombardier’s website and other publicly available information.