Business & Finance News
The United States won approval on Wednesday to impose tariffs on$7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters.
Ford Motor Co and Fiat Chrysler Automobiles NV on Wednesday reported higher pick-up truck sales for the third quarter in the United States, as lower interest rates helped boost demand in a market that has seen sales decline.
The European Commission said on Wednesday that a U.S. move to impose trade sanctions on EU imports would be short-sighted and counterproductive and risked causing damage on both sides of the Atlantic.
Wall Street’s main indexes hit fresh one-month lows at the open on Wednesday, extending losses from the previous session, as a contraction in domestic factory activity pointed to impact from a prolonged U.S.-China trade war.
The U.S. Federal Aviation Administration said Wednesday that aircraft operators must inspect 165 Boeing 737 NG airplanes for structural cracks within seven days after the issue was found on a small number of planes.
Ford Motor Co reported a 5% fall in U.S. auto sales for the third quarter, hurt by declining sales of its passenger cars including the Taurus sedan and Mustang sports car, as well as its Explorer sport utility vehicle.
Oil steadied on Wednesday, following several days of declines, after industry data showed a surprise drop in U.S. crude inventories, although gains were capped as weak economic readings in the United States depressed global markets.
U.S. stocks were set to fall at the open on Wednesday after the S&P 500 and Dow recorded their sharpest drop in more than a month as domestic factory activity contracted, pointing to impact from a prolonged U.S.-China trade war.
London’s Court of Appeal gave the go-ahead for action against Google over claims it collected data from more than 4 million iPhone users, overturning a ruling in 2018 that in effect blocked any route to legal redress.
Freedom Holding Corp, a U.S. holding companies with subsidiaries that provide services to financial markets in Eastern Europe and Central Asia, has gained approval to list on New York’s NASDAQ Capital Markets exchange, it said on Wednesday.
The World Trade Organization was set to open the door on Wednesday for the United States to impose hefty tariffs on European goods over subsidies for Airbus .
Oil steadied on Wednesday, following several days of declines, after industry data showed a surprise drop in U.S. crude inventories, although gains were capped as weak economic readings in the United States depressed global markets.
A major global share index hit its lowest level in a month on Wednesday on fears the fallout from the U.S.-China trade war is spreading to the U.S. economy and could further hurt global growth.
The World Trade Organization was poised on Wednesday to open the door to hefty U.S. tariffs on European goods over illegal subsidies for Airbus, pushing a 15-year-old row over support for plane giants to the center of fraught global trade relations.
Wall Street’s main indexes were set to open lower on Wednesday, after hitting a one-month low in the previous session, as a shock contraction in manufacturing activity confirmed the domestic economy was feeling the burn from a prolonged U.S.-China trade war.
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