Deutsche Bank nominates Alexander Wynaendts as next chairman

CMA CGM’s earnings soar on shipping rush

Shipping group CMA CGM on Friday reported a surge in third-quarter earnings and said it expected an even stronger performance for the end of the year as intense demand kept freight rates high and container capacity stretched. French-based CMA CGM, one of the world’s largest container lines, said net profit rose to $5.6 billion in […]

GM to retrofit heated seat feature on newly sold vehicles in mid-2022

General Motors Co (GM.N) said on Friday that vehicles sold without heated and ventilated seats due to the global semiconductor shortage will be eligible, likely starting in the middle of 2022, for a retrofit that activates those features. The No. 1 U.S. automaker said it will cover the cost to retrofit new vehicles built without […]

Foreign tourists back in New York, long business recovery seen ahead

New York has launched its largest tourism advertising campaign in history. John F. Kennedy International Airport bustles again with foreign passengers. The holiday season promises peak travel cheer, with more visitors on streets and in stores. But souvenir shops, horse carriage drivers and small businesses that rely on vacationers said it could take weeks, or […]