Microsoft Corp and BMW Group on Tuesday launched an initiative to create an Open Manufacturing Platform that seeks to stimulate innovation and accelerate the development of ‘smart’ factories.
Exxon Mobil recently held talks on the sale of a suite of oil and gas fields in Nigeria as the company focuses on new developments in U.S. shale and Guyana, industry and banking sources told Reuters.
Bitcoin burst to its highest level in almost five months on Tuesday, sending smaller cryptocurrencies up, with analysts ascribing the move to a major order by an anonymous buyer that triggered a frenzy of computer-driven trading.
World trade shrank by 0.3 percent in the fourth quarter of 2018 and is likely to grow by 2.6 percent this year, slower than 3.0 percent growth in 2018 and below a previous forecast of 3.7 percent, the World Trade Organization said on Tuesday.
The imposition of tariffs on U.S. imports of cars would have a bigger impact on the world economy than the U.S.-China trade war has had to date, while a “no deal” Brexit could also weigh on trade growth, the WTO’s chief economist said on Tuesday.
Microsoft Corp and BMW Group on Tuesday launched an initiative to create an Open Manufacturing Platform that seeks to stimulate industrial innovation and speed the development of connected ‘smart’ factories.
The main shareholder and the chairman of Danish shipping group A.P. Moller-Maersk both gave their backing on Tuesday to management’s efforts to reshape the business.
Sainsbury has lost its status as Britain’s No. 2 supermarket group by market share to takeover target Asda for the first time in four years, industry data showed on Tuesday.
Chinese social media and gaming giant Tencent Holdings is planning to raise about $5 billion in U.S. dollar-denominated bonds this week, two people with knowledge of the matter said.
World stocks hovered just under a six-month high on Tuesday as Brent neared $70 a barrel for the first time since November, Brexit fatigue sapped sterling and the dollar shows signs of gaining strength again.
Daimler Chief Executive Dieter Zetsche on Tuesday said the debate surrounding the safety of Boeing’s aircraft shows how hard it can be to win public acceptance for autonomous cars technology.
Oil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut, and as the market became less worried that demand may slow.
Exor, the holding company of the Agnelli family, remains committed to Fiat Chrysler (FCA), chairman John Elkann said, in comments that may dampen speculation the Italian carmaker could be the target of a takeover.
A.P. Moller-Maersk is a “supertanker” that takes a long time to turn around, said Ane Maersk Mc-Kinney Uggla, chairwoman of the A.P. Moller Foundation, which owns a controlling stake in the Danish shipping company.
Apple Inc and other consumer brands lowered prices for their products in China on Monday as a cut in the country’s value-added tax (VAT) rate came into effect from April 1.
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