Mediterranean Shipping Co (MSC) and CMA CGM, two of the world’s biggest container shipping groups, are to join market leader Maersk in a blockchain platform aimed at limiting a costly paper trail in the industry.
Consumer confidence jumped in May as households grew more upbeat about the labor market, suggesting the economy remained on solid ground despite recent signs that activity was slowing.
Nissan found out about Renault’s merger talks with Fiat Chrysler just days before they became public, four sources told Reuters, stoking fears at the Japanese carmaker that a deal could further weaken its position in a 20-year alliance with Renault.
U.S. stocks rose slightly at open on Tuesday, led by technology stocks, but gains were muted amid signs that United States and China were far from reaching a trade deal.
General Electric (GE) may cut more than 1,000 jobs in France, which could set the U.S. company on a collision course with the French government which has consistently urged GE not to cut French jobs.
Vegan burger maker Beyond Meat Inc said on Tuesday it would begin making its plant-based meats in Europe next year, in an effort to expand production outside the United States.
Wall Street was set for a subdued open on Tuesday after an extended weekend, as investors remained on edge after President Donald Trump signaled that the United States and China were far from a trade deal.
Ten years on from the global financial crisis caused by a crash in bonds tied to U.S. home loans, Britain’s Barclays is betting a return to that market can bring in bumper revenues to fortify its investment bank.
Chinese telecom company Huawei held on to its spot as the world’s second biggest smartphone vendor in the first quarter, despite being blacklisted by the United States, research and advisory firm Gartner said.
Two of the world’s biggest shipping groups will join a Maersk led blockchain platform aimed at boosting efficiency and limiting the enormous paper trail of global container shipping.
Stuttgart prosecutors on Tuesday said Porsche AG’s offices were searched as part of a broader probe investigating confidential information leaks to a tax advisor and high remuneration payments to a Porsche works council member.
Amazon.com Inc and Walmart Inc’s Flipkart are unlikely to fully participate in an Indian antitrust body’s study of the e-commerce sector for fear of revealing trade secrets, two people with direct knowledge of the matter said.
France will seek protection of local jobs and other guarantees in exchange for supporting a merger between carmakers Renault and Fiat Chrysler, its finance minister said on Tuesday, underscoring the challenges facing the plan.
General Electric (GE) has announced a plan to cut around 1,000 jobs in France, said a trade union source, in a move that could set the U.S. company at odds with the French government which has consistently urged GE not to cut French jobs.
Occidental Petroleum snatched up some of the richest shale oilfields in Texas when it beat out rival Chevron Corp in a bidding war to acquire Anadarko Petroleum.
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