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Airbus chief says job cuts not off table

  Blagnac / AFP Airbus chief Tom Enders said he did not rule out job cuts at the European aircraft manufacturer after a media report said the group was considering slashing costs. “You never exclude anything when you’re talking about efficiency and synergy but we’re in the process of thinking it all through, how we can make our corporate structures ...

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Amazon is now eating all the department stores, too: Report

  Bloomberg Amazon is already the biggest clothing seller online. It might soon overtake most of its brick-and-mortar rivals in fashion sales, as well. There were no runway models on any Amazon catwalk at last week’s New York Fashion Week. But the e-commerce giant still loomed large in the minds of retail executives watching it elbow its way into the ...

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CLSA: China risks $375bn of shadow banking losses

  Bloomberg China’s shadow banking could lead to losses of $375 billion, according to CLSA Ltd. estimates of likely levels of bad debt. The brokerage estimated the potential bad debt ratio for “bank-related shadow financing” at 16.4 percent, or 4.2 trillion yuan, in a report released to the media in Hong Kong on Tuesday. Assuming a 40 percent recovery rate ...

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