Business

Sotheby’s goes under the hammer for $3.7bn

Image copyrightReuters Sotheby’s is being bought by telecoms billionaire Patrick Drahi in a deal valuing the art auction hose at $3.7bn. The company, which has been on the New York stock market for 31 years, […]

Business

Huawei founder says firm to cut output amid US curbs

Image copyrightGetty ImagesImage captionRen Zhengfei said Huawei would “regain vitality” in 2021 Huawei founder Ren Zhengfei has said the Chinese telecoms giant will slash production by $30bn (£23.9bn) over the next two years as a […]

Business

Paris Airshow: Difficult decisions for Boeing lie ahead

Image copyrightGetty ImagesImage captionAll Boeing 737 Max aircraft remain grounded after two fatal crashes Boeing is coming to this year’s Paris Airshow, which starts on Monday, facing some difficult decisions in the wake of the […]