Business articles

German consumers spring into May with confidence

People in Germany are increasingly confident about the economy, with a closely-watched survey showing on Thursday that lower inflation has revived optimism for May after a stumble in April.

Takata shares suspended on bankruptcy, asset sale report

Trading in Takata’s shares was temporarily halted Thursday after a media report said the embattled Japanese airbag maker was considering filing for bankruptcy protection and then rolling its key businesses into a new company.

World’s largest shipbuilder sails back to quarterly profit

The world’s biggest shipbuilder Hyundai Heavy Industries swung back to the black in the first quarter as cost-cutting efforts and a shift to high-end vessels paid off in the face of an industry-wide crisis, the South Korean firm said Thursday.

Australia’s Ten Network struggles for survival

The Ten Network, one of Australia’s three commercial channels and which broadcasts shows such as “I’m a Celebrity…”, on Thursday warned of grave concerns about its future after posting dire half-year losses.

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