A possible tie-up between Fiat Chrysler and Peugeot owner PSA must be a “merger of equals” that leads to no job losses in Italy, Italian trade union UILM leader Rocco Palombella said on Wednesday.
Apple Inc is mobilizing suppliers to launch its first 5G iPhone range, the Nikkei Asian Review said on Wednesday.
“It will be the first time Apple introduces 5G iPhones … There will be three of them and the company has set an aggressive sales target,” Nikkei https://asia.nikkei.com/Spotlight/Tech-scroll-Asia/Sources-Apple-mobilizes-suppliers-to-launch-first-5G-iPhone-range quoted a source as saying. The three new iPhones will carry a 5G modem chip designed by Qualcomm Inc, Nikkei added, citing four people familiar with the plan. Apple and Qualcomm did not immediately respond to Reuters’ requests for comment. …read more […]
Huawei Technologies captured a record 42% of China’s smartphone market in the third quarter as local consumers rallied behind it after U.S. sanctions, leaving Apple to languish towards the bottom of the pile, market data showed.
Today we’ll take a closer look at Diageo plc (LON:DGE) from a dividend investor’s perspective. Owning a strong… …read more […]
U.S. regulators have halted a trial of Novartis’s Zolgensma treatment after an animal study raised safety concerns, the company said on Wednesday, in a setback for the drugmaker’s plan to expand its use to older patients. The U.S. Food and Drug Administration’s partial hold on the so-called STRONG trial impacts patients aged up to five with spinal muscular atrophy (SMA) who were to receive a higher dose of the gene therapy via a spinal infusion. The hold was issued after Novartis told health authorities about the animal study’s findings that showed dorsal root ganglia (DRG) mononuclear cell inflammation, …read more […]
Volkswagen lowered its full-year sales outlook on Wednesday, warning of slowing demand even as nine-month adjusted operating profit jumped 11.2% on increased demand for SUVs as well as Skoda and Porsche cars.
Qantas Airways Ltd and Southwest Airlines Co are stepping up checks for structural cracks on Boeing Co 737 NGs after discovering problems with planes that did not require urgent inspections, airline sources said.
Spanish renewable energy giant Iberdrola on Wednesday reiterated its double-digit net profit growth guidance for the whole year, supported by a resilient power network business in Brazil and the United States as well as higher offshore wind output. Supplying energy to more than 30 million people in Spain, the United States, Brazil and Britain, Iberdrola raked in core earnings before interest, tax, depreciation and amortisation (EBITDA) of 7.5 billion euros ($8.33 billion). …read more […]
(Bloomberg) — Prime Minister Boris Johnson may be trying to break the logjam over the departure from the European Union with a general election, but for the market players the vote is another cause of uncertainty.On Tuesday after the market closed, Johnson won crucial votes in the House of Commons for the general election on Dec. 12, which now needs to be approved by the House of Lords. The benchmark FTSE 100 Index and the mid-cap FTSE 250 Index were little changed in early London trading. They fell yesterday after it became clear the opposition Labour Party backed an election.Here’s …read more […]
Sony Corp on Wednesday said operating profit jumped 16% in its strongest-ever result for a second quarter, as robust sales of image sensors offset a tumble in earnings from its gaming division.
China granted approval for Nintendo Co to sell its first Switch console game in the country, a regulator announced, drawing closer the official launch of the hybrid home-portable device in the world’s biggest game market.
Oil prices fell on Wednesday as a possible delay in resolving the U.S.-China trade war overshadowed a drop in U.S. crude inventories.
Germany’s Bayer said on Wednesday that the number of U.S. plaintiffs blaming its glyphosate-based weedkillers for their cancer mushroomed to 42,700 from 18,400 in July, raising the stakes in the group’s efforts to reach a settlement.
China’s Foreign Ministry said on Wednesday that lead China and U.S. trade negotiators will speak again soon after a U.S. administration official said an interim trade agreement between the United States and China might not be completed in time for signing in Chile next month as expected.
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