Business News

The number of Americans filing applications for unemployment benefits rose moderately last week, pointing to sustained labor market strength.

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Britain’s biggest carmaker, Jaguar Land Rover, will halt production at its British factories for a week in November, its boss said on Thursday, joining BMW and Toyota in plans to help mitigate any immediate disruption from a no-deal Brexit.

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Sabine Lautenschlaeger, who said on Wednesday she would quit as a European Central Bank board member, told staff she regretted leaving her post early but thought this was the best course of action given her situation.

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U.S. stock index futures edged higher on Thursday as positive comments from China on U.S. trade talks put a cap on this week’s politically driven selling.

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Germany’s Condor, which is owned by British travel operator Thomas Cook, said on Thursday that a Frankfurt court had begun investor protection proceedings that should allow the airline to be restructured.

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Ryanair is not interested in taking over any of the airlines of travel firm Thomas Cook , which has gone into liquidation, its chief executive said on Thursday.

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A Scottish council has approved a 150 million pound ($185 million) plan by U.S. President Donald Trump’s family business to build 550 houses at his Golf resort north of Aberdeen, despite some local opposition.

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U.S. energy major Chevron Corp has opted to continue negotiations with Thailand rather than seek arbitration to resolve a dispute over who should pay for removing offshore oil and gas platforms, the company told Reuters on Wednesday.

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Huawei Technologies Co Ltd’s [HWT.UL] founder and CEO Ren Zhengfei said on Thursday the company is already producing 5G base stations that are free of U.S. components and plans to more than double production next year.

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China, having let the yuan cross the once sacred red line of 7 per dollar, will allow its currency to fall further and may even risk U.S. anger by using it as a bargaining chip in already thorny trade talks, market participants believe.

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Some steelworkers who cheered U.S. President Donald Trump’s tariffs on foreign steel last year are now being laid off, an unintended consequence of his America First policy as United States Steel Corp reacts to sagging demand from automakers reeling from higher steel prices.

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German carmaker Volkswagen is nearing a decision on building a new plant in Turkey, a board member told reporters in Berlin on Thursday.

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Norway does not plan to block China’s Huawei Technologies[HWT.UL] from building the country’s 5G telecoms network, cabinet minister Nikolai Astrup told Reuters.

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The Texas attorney general’s office has hired three consultants for a multi-state probe it is leading into Alphabet Inc’s Google, including an economist who worked with some of the firm’s major rivals and a lawyer who is a Microsoft veteran.

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China on Thursday criticized the United States for imposing new

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