Jeff Bezos to Step Down as Amazon C.E.O.
Andy Jassy, the chief of Amazon’s cloud computing division, will become chief executive, while Mr. Bezos, the company’s founder, will become executive chairman.
Business
![Jeff Bezos to Step Down as Amazon C.E.O.]()
Costa Cruises takes delivery of new Costa Firenze
The 5,200-passenger vessel is the fourth of seven to be delivered before 2023 as part of a €6 billion investment by the line.
It has 13 bars and seven restaurants and, according to Costa, Firenze’s interior design is “a celebration of the Tuscan city, cradle of Renaissance art and culture”.![Costa Cruises takes delivery of new Costa Firenze]()
Victoria’s Secret parent L Brands reports surprise profit on demand for soaps, lingerie
L Brands generated $2.32 billion in revenue, down from $2.9 billion during the same time last year but better than an expected $2.21 billion.
![Victoria’s Secret parent L Brands reports surprise profit on demand for soaps, lingerie]()
US farmers' beef with Burger King over cow fart ad
Fast food chain Burger King has released an advertisement encouraging US farmers to change cow diets in order to reduce greenhouse gas emissions.
![US farmers' beef with Burger King over cow fart ad]()
India's Reliance seen emerging as bigger threat for U.S. firms like Amazon, Walmart
A $20 billion fund raising spree may take India’s Reliance closer to its dream of becoming a digital giant, further threatening the ambitious plans U.S. companies like Amazon, Walmart and Zoom have for India.
![India's Reliance seen emerging as bigger threat for U.S. firms like Amazon, Walmart]()
Nokia to cut a third of jobs at French arm Alcatel-Lucent
Finland’s Nokia Oyj plans to cut 1,233 jobs at its French subsidiary Alcatel-Lucent International, equivalent to a third of the unit’s workforce, the group said on Monday, confirming an earlier Reuters report.
![Nokia to cut a third of jobs at French arm Alcatel-Lucent]()
Bankrupt Hertz wins approval to offer up to $1 billion in shares
A bankruptcy judge on Friday approved Hertz Global Holdings Inc’s proposal to sell up to $1 billion in shares, as the car rental firm looks to cash in on a huge speculative rise in its share price since filing for bankruptcy late last month.
![Bankrupt Hertz wins approval to offer up to $1 billion in shares]()
Renault to cut 14,600 jobs as part of €2bn cost-saving plan
Restructuring by French carmaker comes as Covid-19 crisis hits manufacturing
![Renault to cut 14,600 jobs as part of €2bn cost-saving plan]()
