Month: December 2018

Two former directors of Tesco were acquitted on Thursday of fraud and false accounting at Britain’s biggest retailer in 2014.

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Canadian plane and train maker Bombardier Inc said on Thursday it expects to deliver 150 to 155 business aircraft in 2019.

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OPEC and its allies are working towards cutting oil output by up to 1.5 million barrels per day but could fail to reach a deal if no compromise is found with non-OPEC Russia, the Saudi energy minister said on Thursday.

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German carmaker Volkswagen on Thursday said it will extend a cost savings and efficiency program at its core brand beyond 2020 and seek an additional 3 bln euros in cost savings by 2023.

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Global stock markets slumped for a third day running on Thursday as the arrest of a top executive of Chinese tech giant Huawei in Canada for extradition to the United States fed fears of fresh tensions between the two economic superpowers.

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The daughter of Huawei’s founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, roiling global stock markets as it threatened to inflame Sino-U.S. trade tensions afresh.

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Australia’s parliament on Thursday passed a bill to force tech firms such as Alphabet Inc’s Google , Facebook and Apple to give police access to encrypted data, the most far-reaching such requirements imposed by a western country.

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China on Thursday expressed confidence in striking a trade deal with the United States within their 90-day ceasefire period, praising the recent meeting between U.S. President Donald Trump and Chinese President Xi Jinping as highly successful.

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Volkswagen’s core brand aims to raise its profit margin faster than previously planned despite rising investments in the development of electric vehicles, the carmaker said on Thursday.

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France’s competition authority issued a total fine of 189 million euros ($214 million) on six home appliance manufacturing companies for price-rigging.

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Volkswagen’s core brand aims to raise its profit margin faster than previously planned despite rising investments in the development of electric vehicles, the carmaker said on Thursday.

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U.S. stock futures and Asian shares slumped on Thursday after Canadian authorities arrested a top executive of Chinese tech giant Huawei for extradition to the United States, feeding fears of a fresh flare-up in tensions between the two superpowers.

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OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered in Vienna for a meeting aimed at supporting battered oil prices.

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Russia will find it harder to cut oil output in winter than other producers because of the cold conditions at Russian oil fields, Interfax news agency quoted Energy Minister Alexander Novak as saying on Thursday.

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OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, OPEC delegates said on Thursday as the group gathered for a meeting in Vienna.

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