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Tesla is adjusting prices ‘in order to continue to improve affordability for customers,’ the Chinese unit said in a statement. Photograph: Reuters

Tesla cut prices for all vehicles shipped to China to help boost sales in its second-largest market. The starting price of the imported Model 3 sedan(...)

epa07710074 Workers sort packages in the new Amazon Sorting Warehouse in the Settecamini area of Rome, 11 July 2019. Reports state Amazon hopes to increase its logistics capacity and flexibility in Italy and ensure faster deliveries to clients. In addition the warehouse is hoped to provide better service for companies selling at Amazon as they benefit from distribution networks. The new sorting unit creates 70 new jobs and covers a space of 8000 square meters. EPA/RICCARDO ANTIMIANI

UK wages grew at the fastest pace in 11 years in the three months through May and unemployment remained at its lowest rate since the mid-1970s. Tota(...)

CRH said last year that it was weighing options for the European distribution unit, part of a more sweeping overhaul to generate cash for acquisitions.  Photograph: Brenda Fitzsimons

US investment fund Blackstone Group is reportedly nearing a deal for CRH’s European distribution arm, according to Bloomberg. A deal could be announ(...)

AB InBev’s setback can be explained at least partly by shifting trends in China, where younger consumers are increasingly moving away from traditional beers toward higher-priced craft brews and cocktails

For months, executives from Anheuser-Busch InBev NV raced to prepare for a listing of its Asian subsidiary, Budweiser Brewing Company APAC Ltd. It wa(...)

Moody’s, the ratings agency, has downgraded Digicel Group and changed its outlook for the company to negative

Moody’s, the ratings agency, has downgraded Denis O’Brien’s Caribbean telecoms Digicel and changed its outlook for the company to negative. The agen(...)

IAG chief executive Willie Walsh. The outline deal for 200 737s ‘should be an indication not just to Airbus but to everybody that we’re unhappy with their performance’, Mr Walsh said. Photograph: Nick Bradshaw

IAG chief executive Willie Walsh said frustration with Airbus over late jetliner deliveries was a factor in his decision to place a $24 billion (€21.3(...)

Volkswagen Group is to invest in Ford’s autonomous vehicle venture, Argo AI, in a deal that deepens the alliance between two of the world’s largest auto giants. Photograph: Bloomberg via Getty

Volkswagen Group is to invest in Ford’s autonomous vehicle venture, Argo AI, in a deal that deepens the alliance between two of the world’s largest au(...)

Ryanair chief operations officer Peter Bellew had “done great work over the past 18 months”, chief executive Michael O’Leary told the airline’s staff in a memo. Photograph: Garrett White

Ryanair chief operations officer Peter Bellew is leaving the airline at the end of this year after helping to steer it through a turbulent period of i(...)

Chief Operating Officer Peter Bellew, who is leaving the company in coming months, told pilots in a letter this week that delays in the delivery of the Max could result in the carrier closing and/or cutting back bases

Delays in the delivery of new aircraft and tough trading conditions for European airlines have left Ryanair with too many pilots, its chief operating (...)

Deutsche Bank which has confirmed plans to cut 18,000 positions across its global business. Photograph:   Kirsty O’Connor/PA Wire

Deutsche Bank’s 750-strong workforce in Ireland are set to escape the worst of a global staff cull after the embattled German bank moved on Sunday to (...)

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