Asian shares broke support and caved to a four-month low on Thursday, as concerns grew that the Sino-U.S. trade conflict was fast morphing into a prolonged technology cold war between the world’s two largest economies.
Honda Motor Co said on Wednesday it is recalling 137,000 new sport utility vehicles (SUVs) following reports of three injuries tied to sudden air bag deployments in the United States.
Asian shares carved out a four-month trough on Thursday amid worries the Sino-U.S. trade conflict was fast morphing into a technology cold war between the world’s two largest economies.
Ride-hailing app Uber will spend $40 million over five years to open its third support center in Latin America in September in the Colombian capital Bogota, the company said on Wednesday.
A bipartisan group of U.S. lawmakers introduced legislation on Wednesday to provide about $700 million in grants to help U.S. telecommunications providers with the cost of removing Huawei equipment from their networks.
IKEA, the world’s largest furniture seller, will open its first store in Mexico next year and plans to launch other stores around the country, the company said on Wednesday, as it expands in Latin America to counter growing competition in its core U.S. and European markets.
Asian shares were stuck in the red on Thursday amid worries the Sino-U.S. trade conflict was fast morphing into a technology cold war between the world’s two largest economies.
IKEA, the world’s largest furniture retailer, will open its first store in Mexico in the fall of 2020, the company said on Wednesday, as the furniture retailer expands in Latin America to counter growing competition in its core U.S. and European markets.
Ride-hailing apps like those of Uber Technologies and Lyft Inc are expected to alter the state of car ownership towards subscription-based services and shared ownership, auto industry experts said at a conference on Wednesday.
Honda Motor Co’s U.S. unit said on Wednesday it is recalling 118,000 new U.S. SUVs following reports of three injuries tied to sudden air bag deployments. The Japan-based automaker said it is recalling the 2019 Honda CR-V to replace steering wheel wire harnesses and supplemental restraint system cable reels after six unexpected driver air bag deployments that occurred without a crash. There are so far no reports of related crashes, the automaker said.
Brazil’s Natura SA said on Wednesday it had reached an agreement to buy rival Avon Products Inc via a share swap, creating the world’s fourth-largest beauty company with a redoubled focus on direct sales.
The acting head of the Federal Aviation Administration said on Wednesday he does not have a specific timetable to approve Boeing Co’s 737 MAX for flight after two fatal crashes since October prompted the plane to be grounded worldwide.
A U.S. judge on Wednesday appointed prominent attorney Kenneth Feinberg as mediator for court-mandated settlement talks in the federal litigation over allegations that Bayer AG’s glyphosate-based Roundup weed killer caused cancer.
The acting head of the Federal Aviation Administration said on Wednesday he does not have a specific timetable for when the agency may unground the Boeing 737 MAX that has been involved in two fatal crashes since October.
United Airlines Chief Executive Oscar Munoz promised on Wednesday to accommodate any passengers concerned about flying Boeing Co’s 737 MAX jets once regulators deem the aircraft safe to fly again.
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