German prosecutors are investigating the chief executive of Volkswagen’s Porsche business, Oliver Blume, over a possible breach of fiduciary trust tied to payments made to a Porsche works council member, a newspaper reported on Wednesday.
Airbus prepared on Wednesday to celebrate its 50th anniversary with a private flypast for staff at its Toulouse base and low-key publicity as a new management seeks a break with the company’s turbulent and theatrical past.
The International Air Transport Association (IATA) expects it could take until August before the Boeing Co 737 MAX returns to service, the airline group’s head said on Wednesday, adding that the final say on the timing rested with regulators.
ArcelorMittal, the world’s largest steelmaker, cut steel production in its main market, Europe, for the second time this month, blaming weak demand and high imports.
Nissan Motor Co’s premium brand Infiniti is relocating its headquarters back to Japan from Hong Kong, its home since 2012, to create “more operational efficiencies” with its parent company, according to a document seen by Reuters on Wednesday.
The International Air Transport Association (IATA) will organize a summit with airlines, regulators and manufacturers in 5 to 7 weeks to discuss what is needed for the Boeing Co 737 MAX to return to service, the airline group’s head said on Wednesday.
Asian shares fell on Wednesday and bonds rallied as investor sentiment soured over growing worries about world growth with trade tensions between the United States and China showing no signs of easing.
U.S. stocks will build on this year’s already strong gains over the rest of 2019 despite growing U.S.-China trade tensions that represent the biggest threat to the market, according to a Reuters poll of strategists.
China is ready to use rare earths to strike back in a trade war with the United States, Chinese newspapers warned on Wednesday in strongly worded commentaries on a move that would escalate tensions between the world’s two largest economies.
Russia will carefully consider extending its oil output reduction agreement with the Organization of the Petroleum Exporting Countries (OPEC) and other producers, Russian First Deputy Prime Minister Anton Siluanov told Reuters on Wednesday.
Taiwan-based chip supplier MediaTek Inc on Wednesday released a new 5G chip for fast, high-end smartphones that aims to take on much larger rival Qualcomm Inc.
China’s Huawei Technologies Co Ltd has filed a motion for summary judgment in its lawsuit against the U.S. government, in the telecoms equipment maker’s latest bid to fight sanctions from Washington that threaten to push it out of global markets.
Mexican authorities raided the home of the former chief executive officer of state oil firm Pemex, Emilio Lozoya, on Tuesday night when he was not home, his lawyer Javier Coello said in an interview with Milenio Television.
Asian shares sank on Wednesday and bonds rallied as investor sentiment soured over growing worries about world growth with trade tensions between Washington and Beijing showing no signs of easing.
Less than a week after Huawei Technologies was blacklisted by the United States, more than a hundred South Korean politicians and business leaders toured the Chinese tech giant’s headquarters and its lavish new campus outside Shenzhen.
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