Germany’s Covestro goes into the red in second quarter

German manufacturer of high-tech polymer materials Covestro AG slipped into the red in the second quarter of the year. Covestro reported on Tuesday that its second-quarter net loss was €72 million (($77.9 million), compared to the previous year’s net i…

Pérez to continue at Red Bull after F1 summer break

Sergio Pérez will remain a Red Bull driver after the Formula One summer break despite poor results, a team spokesman confirmed to dpa on Tuesday. The spokesman confirmed a report from Dutch paper De Telegraaf that team principal Christian Horner had ma…