Shares of Nissan Motor slid more than 4% in early trade on Wednesday, a day after the Japanese automaker reported a 70% plunge in quarterly profit and slashed its full-year forecast to an 11-year low.
(Bloomberg Opinion) — Your mother probably told you never to get in a car with a stranger. The multibillion-dollar global ride-hailing industry depends on your ignoring her. If they want to earn that trust, though, companies need to rethink the tradeoff they’ve long made between safety and cost.Around the world, passengers are now hailing more than 10.5 billion rides a year. Not surprisingly, some have ended in tragedy. Uber Technologies Inc. came under fire in India after a 26-year-old woman was raped by one of its drivers in 2014, and local rival Ola has faced a similar backlash. In the …read more […]
(Bloomberg) — Global oil demand will hit a plateau around 2030 as the use of more efficient cars and electric vehicles ends an expansion that dominated the past century, the International Energy Agency predicts.While the current growth rate of 1 million barrels a day — or about 1% — will hold for the next five years, it will ebb to just 100,000 barrels a day in the 2030s, the agency said. By that time, the use of oil-based fuels in passenger cars will have peaked, the IEA said in its long-term World Energy Outlook.“Oil demand plateaus post-2030,” said Fatih Birol, …read more […]
The executive in charge of the No. 1 seaport for U.S. trade with China on Tuesday said importers were not stockpiling goods ahead of President Donald Trump’s plan to slap 15% tariffs on cellphones, laptops, toys and other Chinese-made goods next month.
Q3 2019 Roadrunner Transportation Systems Inc Earnings Call …read more […]
(Bloomberg) — Hillary Clinton said Tuesday that she is being urged by “many, many, many people” to enter the 2020 presidential race and wouldn’t rule out a third White House bid, though she has no plans for a run.“I, as I say, never, never, never say never,” Clinton, the 2016 Democratic nominee, told BBC Radio 5 Live. “I will certainly tell you, I’m under enormous pressure from many, many, many people to think about it.”“But,” she added, “as of this moment, sitting here in this studio talking to you, that is absolutely not in my plans.”The former secretary of State’s …read more […]
Some U.S. airlines are willing to pick up their 737 MAX jets from Boeing Co as soon as December if the Federal Aviation Administration (FAA) approves delivery of the grounded planes before new pilot training is agreed, three people with knowledge of the matter said.
Some U.S. airlines are willing to pick up their 737 MAX jets from Boeing Co as soon as December if the Federal Aviation Administration (FAA) approves delivery of the grounded planes before new pilot training is agreed, three people with knowledge of the matter said. Hundreds of 737 MAX jets have rolled off Boeing’s Seattle production line in the months since two fatal crashes on the aircraft led to a global safety ban, forcing the planemaker to park un-flown jets at facilities across Washington state until regulators approve software and training updates. Boeing on Monday said the …read more […]
Airbus SE’s Canadian-designed A220 narrowbody jet has the potential to be stretched to carry more passengers but the company has no current plans to do so, a top executive said on Tuesday.
A Chinese national pleaded guilty on Tuesday to stealing trade secrets from U.S. petroleum company Phillips 66 , where he worked on the research and development of next generation battery technologies, the U.S. Justice Department said.
A Chinese national pleaded guilty on Tuesday to stealing trade secrets from U.S. petroleum company Phillips 66, where he worked on the research and development of next generation battery technologies, the U.S. Justice Department said. Hongjin Tan, 36, stole information regarding the manufacture of a “research and development downstream energy market product” that is worth more than $1 billion, the department said in a statement. The department identified the company where he worked as Phillips 66 in court documents filed in Oklahoma. …read more […]
President Donald Trump on Tuesday dangled the prospect of completing an initial trade deal with China “soon,” but offered no new details on negotiations in a campaign-style speech touting his administration’s economic record.
When strong growth does not impress investors Continue reading… …read more […]
(Bloomberg) — Apple Inc. plans to debut a new MacBook Pro laptop with a larger screen and revamped keyboard as soon as Wednesday, according to people familiar with the situation. This will be the first major update to the MacBook Pro line since it was redesigned three years ago. The new, brighter screen will come in a 16-inch version, up from the current 15-inch option, said the people, who asked not to be identified discussing unannounced products. The display will likely appeal to video and photo editors, gamers and software developers. The new keyboard is designed to be more reliable. …read more […]
(Bloomberg Opinion) — A crown jewel of President Xi Jinping’s Made in China 2025 plan is faltering.Tsinghua Unigroup Co. is the business arm of the prestigious Tsinghua University, Xi’s alma mater. The company has been trying to establish itself as a leader in China’s nascent memory-chip industry since 2015, when it famously tried to acquire stakes in U.S. rivals Micron Technology Inc. and Western Digital Corp. Both advances were rejected amid concerns that U.S. regulators wouldn’t approve the deals on national-security grounds. Rebuffed abroad, Unigroup resolved to become a domestic champion and poured its resources into developing flash-memory technology. One …read more […]
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