Month: June 2019

British insurer Aviva will change the structure of its UK business and cut costs across the firm, with the loss of 1,800 jobs, it said on Thursday.

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The French government met only three out of its four conditions to back Fiat Chrysler’s (FCA) merger with Renault, having failed to win the support of Renault’s partner Nissan, Finance Minister Bruno Le Maire said on Thursday.

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Share markets were in a muted mood on Thursday as fears the U.S. trade tussle with Mexico would further depress global growth warred with wagers central banks would have to respond with fresh stimulus.

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Chinese rare earth prices are set to climb further beyond multi-year highs hit following a flurry of state media reports that Beijing could weaponize its supply-dominance of the prized minerals in its trade war with Washington.

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Apple supplier Foxconn is planning to overhaul its management structure in a move that would see more senior executives involved in the running of its daily operations, a person with direct knowledge of the matter told Reuters.

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Toyota Motor Corp and Subaru Corp on Thursday said they plan to jointly develop a battery-electric sport-utility vehicle (SUV) on a platform produced together as they seek to split the cost of producing the lower-emissions car.

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French bank Credit Agricole unveiled a new set of higher profit targets for 2022 after it had met its 2019 targets a year ahead of schedule, and said it now expected annual net profits above 5 billion euros ($5.6 billion) in 2022.

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A bipartisan group of U.S. lawmakers introduced a bill on Wednesday to force Chinese companies listed on American stock exchanges to submit to regulatory oversight, including providing access to audits or face delisting.

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Procter & Gamble is to invest 2.4 billion rubles ($37 million) in its Russian operations this year to expand its distribution center, modernize some manufacturing and localize more product production.

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Toyota Motor Corp and Subaru Corp have agreed to jointly develop a battery-electric-vehicle (BEV) platform and a BEV sport-utility vehicle for sale under each company’s own brand, Toyota said on Thursday.

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Airbnb Inc on Thursday announced a recovery in short-stay accommodation listings on its Japanese site, which plummeted after regulatory action last year, as the U.S. firm bolstered numbers with traditional opponents like hotels.

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Asian markets were in a mixed mood on Thursday as fears the U.S. trade tussle with Mexico would further depress global growth, warred with wagers central banks would have to respond with fresh stimulus.

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Chinese ride-hailing giant Didi Chuxing said on Thursday that it had launched services in Chile and Colombia, as part of its push into Latin America.

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Asian shares got off to a hesitant start on Thursday as investors feared a looming U.S. trade war with Mexico would further depress global growth, even as they wagered central banks would have to respond with fresh stimulus.

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Lazaro Hernandez, who has made a good living showing U.S. cruise ship passengers around Havana in his pink 1950s Chevrolet, says the new U.S. ban on cruises to Cuba will wipe out 90% of his business overnight.

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