European car sales have fallen for the 12th consecutive month and are heading for a double-digit decline this year.
BP has set aside a further $847-million to pay for the Deepwater Horizon disaster, raising the potential cost to $38-billion.
UK-based carmakers making a fortune from emerging markets’ penchant for luxury vehicles.
Based on sales figures for the year to date, the Japanese car manufacturer is no longer king.
The global airline industry was predicted to soar to a profit of nearly $9-billion in 2010 — compared with a loss of some $10-billion in 2009.
Glut expected on market as demand plummets for 2008’s must-have executive perk.
North America is not the only significant car market affected by a recent slump in sales.
The $326-billion rescue of Citigroup was, some investors hoped, a turning point.
Airlines will move from a profit of $5,6-billion last year to a loss of $6,1-billion this year if oil is trading at $135 a barrel, according to forecasts from the global airline…
Governments shielding their national-flag airlines are "killing" the aviation industry, the head of the International Air Transport Association (Iata) has warned. Giovanni…
United States airlines must pay for their pollution or face a curb on flights to the European Union, the EU transport commissioner warned last week. Jacques Barrot issued the…
EasyJet has warned that the carbon offsetting market is riddled with "snake oil salesmen" determined to make excessive profits from green-minded air passengers. The low-cost…
