A German court has banned Uber services in Germany arguing the U.S. ride hailing company lacks a necessary licence to offer passenger transport services using rental cars.
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Oil prices hovered near three-month peaks on Thursday, buoyed by falling U.S. crude inventories and thawing trade relations between the United States and China.
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World stocks drifted down from the week’s record highs on Thursday, while the crown gained as Sweden’s central bank became the first to raise interest rates from negative territory.
U.S. homesharing site Airbnb on Thursday won its battle to remain exempt from onerous European property regulations, as the EU’s top court ruled it was an online platform and not a property agent.
China on Thursday unveiled a new list of import tariff exemptions for six chemical and oil products from the United States, days after the world’s two largest economies announced a Phase 1 trade deal.
Italian Prime Minister Giuseppe Conte welcomed the planned merger of Fiat Chrysler with its French rival PSA in an newspaper interview on Thursday, but said protecting jobs would be a top priority.
The dollar was down 0.1% in early London trading on Thursday, little changed by U.S. President Donald Trump’s impeachment, while the Swedish crown edged higher when the Riksbank became the first central bank to exit negative rates territory.
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Spot gold was up 0.1% at $1,476.69 per ounce, as of 0718 GMT. U.S. gold futures edged up 0.1% to $1,480.70 per ounce. Trump became the third U.S. president to be impeached as the Democratic-led House formally charged him with abuse of power and obstruction of Congress in a historic step that will inflame partisan tensions across a deeply divided America. …read more […]
Norwegian Air hopes to agree compensation from Boeing by year-end over the grounding of the 737 MAX, the airline’s acting CEO said, as it counts the costs of having 18 of the aircraft grounded since March.
Norwegian Air hopes to agree compensation from Boeing by year-end over the grounding of the 737 MAX, the airline’s acting CEO said, as it counts the costs of having 18 of the aircraft grounded since March. “The dialogue (with Boeing) has been ongoing since summer and we hope to come to an understanding before the end of the year,” acting Chief Executive Geir Karlsen said in a podcast made on Dec. 11 and released by brokerage DNB Markets on Dec. 18. Norwegian has 92 737 MAX aircraft on order. …read more […]
SoftBank-controlled Yahoo Japan has pulled out of a Japanese apartment rental venture with Oyo Hotels and Homes, in the latest setback for the loss-making Indian startup.
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