Business & Finance News
Britain’s Theresa May has said she will resign as Conservative Party leader on June 7, setting up a contest that will bring a new prime minister to power who could pursue a cleaner break with the European Union.
Renault’s board triggered on Tuesday a process to recover 11 million euros ($12.4 million) in Carlos Ghosn’s suspect expenses when he chaired the alliance between the French carmaker and its Japanese counterpart Nissan.
Canadian authorities have set a June 6 court date to discuss technical issues concerning the extradition case against Huawei Technologies Co Ltd executive Meng Wanzhou, but she will not be in court, the federal justice ministry said.
U.S. Senate Majority Leader Mitch McConnell said on Tuesday there was “not much support” among his fellow Republicans for President Donald Trump’s proposed tariffs on Mexico.
Major automakers are assessing the cost of tariffs that U.S. President Donald Trump has threatened to impose on Mexican imports, both to themselves and their supply chain, and are planning to delay some vehicle shipments, people briefed on the plans told Reuters on Tuesday.
Renault’s board triggered on Tuesday a recovery process over Carlos Ghosn’s suspect expenses as chairman of the alliance between the French carmaker and its Japanese counterpart Nissan.
Leaders of big tech companies will be asked to testify as part of an investigation into whether the companies misuse their massive market power, the head of the U.S. House Judiciary subcommittee leading the probe said on Tuesday.
Major automakers are assessing the cost of tariffs that U.S. President Donald Trump has threatened for Mexican imports, both to themselves and their supply chain, with Toyota Motor Corp telling U.S. dealers the duties could cost its major suppliers up to $1 billion.
The underwriters of Uber Technologies’ initial public offering on Tuesday overwhelmingly recommended the company’s shares, even as they estimated deeper losses than previously expected for the ride-hailing service this year.
Donald Trump believes in Brexit but is concerned about how long it is taking, Brexit Party leader Nigel Farage said after meeting the U.S. president on Tuesday during his three-day trip to Britain.
Global stock indexes rallied on Tuesday as U.S. tech shares bounced back from the previous day’s selloff and investors weighed the possibility of a U.S. interest rate cut, while yields on U.S. Treasuries rose.
Toyota Motor Corp has told its U.S. dealers that it estimates tariffs on Mexican imports threatened by President Donald Trump could cost the automaker’s major suppliers between $215 million and $1.07 billion, according to an email seen by Reuters.
A former engineering manager used Huawei Technologies Co Ltd trade secrets and lured away 24 of its employees to improperly build his startup company, a lawyer for the Chinese telecommunications firm told a Texas jury on Tuesday.
Renault’s board has adjourned a meeting to examine the merger proposal pitched last week by Fiat Chrysler until Wednesday afternoon, the French carmaker said.
U.S. Federal Reserve Chairman Jerome Powell said on Tuesday the central bank will “act as appropriate” in response to risks posed by a trade war, remarks that may open the door to the possibility of a rate cut.
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