China said on Friday the World Trade Organization (WTO) is having a “profound crisis” and urged it to close loopholes and correct practices by member states that damage the global trading system.
Oil prices fell to their lowest in a year on Friday, on course for their biggest one-month decline since late 2014, even as oil producers consider cutting production to try to stem a rising global surplus.
The European Commission said on Friday it had opened an investigation into a possible breach of EU antitrust rules by flight booking systems Amadeus and Sabre , and their dealings with airlines and travel agents.
U.S. shoppers hit department stores on Thanksgiving evening and spent $1.75 billion online by 5 p.m. ET as a strong economy and rising wages drove a solid start to the holiday selling season.
Oil prices fell on Friday to their lowest this year, on course for their biggest one-month decline since late 2014 when OPEC opted to pump as much crude as it could to gain market share and sent prices on a near-unbroken two-year slide.
European markets opened higher on Friday with most stock indexes rising modestly after a volatile week in which company earnings and growth worries hit stocks, though the euro sank after a weaker-than-expected German business survey.
Ethiopian Airlines is accelerating its strategy of weaving a patchwork of new African routes to soak up traffic on the continent and fly customers towards its more lucrative flights to rapidly expanding Asian markets.
A German court has ruled Volkswagen must reimburse the owner of a Golf the full original price of his vehicle bought in 2012, dealing a blow to the carmaker as the legal battles over its emissions cheating scandal drag on.
Renault’s interim deputy chief executive said he would safeguard the carmaker’s interests in its alliance with Nissan Motor Co , following the ouster of Carlos Ghosn as Nissan chairman over financial misconduct allegations.
Dolce & Gabbana’s co-founders asked for China’s “forgiveness” on Friday, trying to salvage a crucial market for the luxury brand after a backlash against its latest advertising campaign.
Russia’s standards agency said on Friday it had been informed about the recall of 62,357 Mazda cars sold between May 2006 and November 2014.
China supports necessary reforms to strengthen the authority and effectiveness of the World Trade Organization (WTO) but they should uphold the grouping’s core values and protect developing countries’ interests, a vice commerce minister said on Friday.
Carlos Ghosn, one of the most celebrated leaders in the global auto industry, was ousted as the chairman of Nissan Motor Co on Thursday over allegations of financial misconduct including under-stating his income by around 5 billion yen ($44 million) over five years.
A German court has ruled Volkswagen must reimburse the owner of a Golf the full original price of his vehicle bought in 2012 due to the carmaker’s diesel emissions scandal, Bild newspaper reported on Friday.
Oil prices plunged to their lowest since late 2017 on Friday in choppy trading, weighed down by an emerging crude supply overhang and a darkening economic outlook.
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