Cathay Pacific Airways Ltd., the largest carrier of international air cargo, said it has seen only a small increase in freight ahead of the Christmas shopping season, prolonging an 18-month downturn in industry volumes.
German unemployment fell for a 17th month in November as business optimism improved, underscoring the gulf between Europe’s biggest economy and peripheral nations struggling to cut debt.
Nintendo Co. is counting on a blowout Christmas shopping season for sales of its Wii U game console to meet its full-year forecasts.
Greek retail sales may drop 30 percent in the 2011 Christmas shopping season as growing unemployment, tax increases and wage cuts crimp shopping budgets, a Greek business group said.
Kazuo Hirai’s plan to revive Sony Corp.’s iconic electronics business now hinges on the Christmas shopping season.