Articles by admin

Swedish carmaker Volvo, which is owned by China’s Geely, is cutting several hundred jobs, Swedish radio reported on Friday citing sources.

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Middle Eastern carrier Etihad Airways has submitted a bid for a stake in India’s Jet Airways, the unit of State Bank of India (SBI) overseeing the sale of the stricken airline said on Friday.

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Germany’s Thyssenkrupp will embark on a fresh restructuring and list elevators, its most successful business, after regulatory opposition sunk plans to hive off its steel division, unravelling its previous break-up proposal.

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Travis Kalanick, the co-founder of Uber Technologies Inc who stepped down as CEO in 2017 amid a string of scandals, showed up for the ride-hailing giant’s stock market debut on Friday even though Uber had not invited him to join executives on the balcony of the New York Stock Exchange to ring the opening bell.

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Media company Viacom Inc beat quarterly profit estimates on Friday, as costs fell and its Paramount Pictures division gained from the success of its movies “Bumblebee” and “What Men Want”.

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U.S. Agriculture Secretary Sonny Perdue said on Friday President Donald Trump had asked him to create a plan to support American farmers amid a trade dispute with China that has hit the U.S. agricultural sector hard.

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Preventing injuries from running shoes is a science for Jim Weber, the chief executive of Brooks Running, a unit of Warren Buffett’s Berkshire Hathaway Inc.

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PepsiCo Inc has formally withdrawn lawsuits against Indian farmers that the snack food and drinks maker had accused of infringing its patent by cultivating a potato variety, the company and the growers said on Friday.

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U.S. President Donald Trump on Friday said he was in no hurry to sign a trade deal with China as Washington imposed a new set of tariffs on Chinese goods and negotiators entered a second day of last-ditch talks to try to salvage an agreement.

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U.S. Agriculture Secretary Sonny Perdue said on Friday that President Donald Trump had asked him to create a plan to support American farmers amid a trade dispute with China that has hit the U.S. agricultural sector hard.

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U.S. President Donald Trump said on Friday he was in “absolutely no rush” to finalize a trade agreement with China as negotiators from both countries prepared to continue talks in Washington, in a sign that discussions could go past this week.

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Amazon said on Friday it was in talks with employees in Poland after unions threatened strike action, seeking higher pay in distribution centers.

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U.S. investment firm Fidelity Management & Research, one of the biggest investors in Britain’s Metro Bank, has cut its stake in the lender by almost a third.

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Wirecard sees the total five-year profit potential from its alliance with Softbank Group Corp at between 209 million euros and 273 million euros ($235-$307 million), the German payments company said on Friday.

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Etihad Airways is interested in re-investing in embattled Indian carrier Jet Airways for a minority stake, subject to certain conditions, a spokesman for the Middle Eastern carrier said on Friday.

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