Business & Finance News
Top U.S. and Chinese trade officials met on Thursday for the first time since late July to try to find their way out of a bitter, 15-month trade war as new irritants between the world’s two largest economies threatened to dash hopes for progress.
President Donald Trump will meet with Chinese Vice Premier Liu He at 2:45 p.m. EDT/1845 GMT on Friday as the world’s two biggest economies try to reach a trade agreement, the White House said.
Asian shares rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, stirring hopes for an agreement, while sterling was flat after earlier jumping on optimism over a potential Brexit deal.
Moroccan national airline Royal Air Maroc (RAM) faced uncertainty over its plans for Boeing’s 737 MAX as a senior industry source close to the matter denied that a deal for more jets had been suspended.
Oil prices climbed early on Friday, building on gains in the previous session, after producer club OPEC hinted at making deeper cuts in supply while optimism was revived over talks between the United States and China to end their trade war.
General Motors and the United Auto Workers (UAW) union clashed late Thursday over how to end a 25-day strike that has cost the company over $1 billion, according to letters seen by Reuters.
California Governor Gavin Newsom called a widespread electricity shutdown triggered by a power company to prevent wildfires “unacceptable,” saying on Thursday it resulted from years of mismanagement by the utility.
Shares of Japan’s Seven & I Holdings Co rose nearly 6% on Friday after the retail group said it will shut or relocate nearly 1,000 7-Eleven convenience stores and cut about 3,000 jobs as part of a group-wide restructuring.
General Motors Co late on Thursday urged the United Auto Workers union to agree to around-the-clock bargaining to try to resolve a 25-day U.S. strike that has cost the company more than $1 billion in profits, according to a letter seen by Reuters.
Air New Zealand Ltd named Walmart U.S. boss Greg Foran as its new chief executive on Friday, bringing him back home at a time the airline is trying to control costs in a lower-growth environment.
Bill McDermott stood down on Friday after a decade building up SAP as the world’s leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.
Asian shares and U.S. stock futures rose on Friday after U.S. President Donald Trump said he would meet with China’s top trade negotiator, while sterling retreated after rallying on revived hopes of a possible Brexit deal.
Texas officials managing a sprawling investigation of the advertising practices at Alphabet Inc’s Google have begun receiving data from the search and advertising giant after two previous probes bogged down in extended document fights.
A California dentist canceled dozens of appointments and supermarkets tried to save rotting food on Thursday as electricity was cut to over 600,000 homes and workplaces in a second day of planned power outages to cut wildfire risks.
Walmart Inc said on Thursday its chief executive for U.S. operations, Greg Foran, will leave the company early next year and be replaced by the head of its Sam’s Club warehouse chain unit, John Furner.
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