Business

The German government expects the economy to shrink for a second year running and has slashed its forecasts, a leading daily says. An industrial slowdown, lower exports and rising energy costs are

Germany strongly opposes the tariffs amid fears of a trade war with China. Meanwhile, Beijing called the move “protectionist” and threatened retaliatory measures. The European Union voted on Friday to pave the

The strike involving tens of thousands of workers paralyzed US ports along the East and Gulf Coasts. A lengthy strike, some warned, could become a major challenge for the US economy. US

The plane-maker said it made a “best and final offer” to striking workers, including bigger raises and bonuses, but the union said the proposal wasn’t good enough. Union negotiators on Monday said Boeing’s

German Economy Minister Robert Habeck said that Berlin is looking into ways to support ailing carmaker Volkswagen amid the threat of job cuts. The firm has been grappling with weak electric vehicle

Once popular for its colorful food storage containers, US firm Tupperware has filed for bankruptcy. The company succumbed to a plummeting demand for its products. Tupperware Brands Inc. and some of its

US factory workers at the embattled planemaker voted overwhelmingly in favor of a strike. The industrial action comes after a series of high-profile safety issues on Boeing aircraft. Boeing workers in the northwestern United

German luxury carmaker BMW says it is recalling the vehicles over an apparent brake problem. Partly as a result, the Bavarian company is lowering its sales and profit expectations. BMW on Tuesday announced

The aviation giant and a local labor union have agreed to the deal after workers threatened a crippling strike. The company has suffered major financial losses following a series of fatal crashes

The Hong Kong carrier said it will inspect all 48 of its Airbus A350 widebody planes after a component of the Rolls-Royce manufactured engine malfunctioned post takeoff. Hong Kong-based Cathay Pacific Airways