Huawei Technologies is focusing on selling more higher-end smartphones, a senior executive said, as it braces for tougher competition from low-cost Chinese vendors such as Xiaomi.
EasyJet said first-quarter sales grew 3.8% and that revenue-per-seat sold will be stronger in the first six months than expected as the budget airline also benefits from lower than projected fuel costs.
Social media platform Facebook and photo sharing app Instagram were inaccessible for about 45 minutes Tuesday.
Ericsson reported a weaker-than-expected net profit for the fourth quarter, hurt by a slowdown in spending by network operators in North America.
AGL Energy Ltd. suspended a coal seam-gas project in Australia’s New South Wales state after detecting potentially hazardous levels of chemicals in surrounding groundwater.
British Airways parent International Consolidated Airlines Group said the board of Aer Lingus is ready to recommend a sweetened takeover offer for the Irish carrier.
German engineering company Siemens said net profit declined nearly 25% in the first quarter, hurt in part by a weakening European economy and the slide in global oil prices.
Philips reported a 67% drop in fourth-quarter net profit and the Dutch electronics maker warned that it is behind on its financial targets.
Novartis reported a 26.5% drop in fourth-quarter profit as declining sales weighted on the Swiss drug company’s performance.
Asian airlines are seeing a strong boost in profitability due to the slump in oil prices, because they are typically more exposed to fuel-price swings compared with their counterparts world-wide.