Apple’s iCloud service for users in mainland China has been hit by an attack that could allow perpetrators to intercept and see usernames, passwords and other personal data, activists and security analysts said.
Coke unveiled a broader cost-cutting program and warned it doesn’t expect to meet its previous financial targets as the beverage giant again posted lackluster soda volume and struggled with currency headwinds.
Air France-KLM, Alitalia and Delta are planning a tie-up on trans-Atlantic flights involving schedule, pricing and capacity coordination and profit-sharing. EU antitrust regulators want to hear what others think.
Hermès doesn’t expect its Chinese brand, Shang Xia, to break even until 2016, a date that consultants say reflects its slow traction in China and the difficulties it faces with Beijing’s crackdown on luxury gift-giving by officials.