Business & Finance News
The United States and China may be in the final weeks of discussions to hammer out a deal to ease their tit-for-tat tariffs dispute, U.S. Trade Representative Robert Lighthizer said on Tuesday.
Belgium closed down its air space for Boeing 737 MAX planes, the country’s news agency Belga quoted transport minister Francois Bellot as saying on Tuesday after the Sunday’s deadly plane crash in Ethiopia.
Volkswagen will ramp up its hiring of software experts to ensure that the car and truck maker stays at the forefront of innovation in an industry geared toward refining mechanical, rather than software components.
Volkswagen Chief Executive Herbert Diess on Tuesday said the multi-brand conglomerate was reviewing its portfolio of brands as it seeks to slim down and hike profitability.
Volkswagen will decide whether it makes sense to raise its stake in Chinese joint venture companies toward the end of this year or beginning of next year, Chief Exectuive Herbert Diess said on Tuesday.
Volkswagen will cut jobs as it speeds up the rollout of less labor-intensive electric cars and will review its sprawling portfolio of brands as it battles to reverse a slide in profit margins, the German carmaker said on Tuesday.
Democratic and Republican lawmakers pressed Wells Fargo & Co Chief Executive Tim Sloan for proof that the bank has moved past a string of customer abuse scandals at a tense hearing in Congress on Tuesday.
Uber Technologies Inc [UBER.UL] has agreed to pay $20 million to settle a lawsuit brought by drivers nearly six years ago, according to court filings, resolving one of its many legal battles with drivers ahead of a hotly anticipated initial public offering this year.
(The March 11 story corrects paragraph 1 to clarify statement was from General Motors unit Cruise)
Major European nations Britain, Germany and France joined a wave of suspensions of Boeing 737 MAX aircraft on Tuesday as U.S. President Donald Trump fretted over modern airplane design following a crash in Ethiopia that killed 157 people.
Boeing Co delivered 95 planes during January and February, two higher than a year earlier, with its best-selling 737 MAX jets accounting for nearly half of the deliveries.
U.S. consumer prices rose for the first time in four months in February, but the pace of the increase was modest, resulting in the smallest annual gain in nearly 2-1/2 years.
U.S. senators Mitt Romney and Elizabeth Warren on Tuesday called on the Federal Aviation Administration to follow several other countries and temporarily ground Boeing Co’s 737 MAX 8, days after a crash in Ethiopia killed everyone onboard one of the planes.
Germany will define its own security standards for a new 5G mobile network, Chancellor Angela Merkel said on Tuesday, after Washington said it would scale back data-sharing with Berlin if China’s Huawei was allowed to participate.
Germany shares U.S. concerns about giving China’s Huawei a role in a next-generation mobile network, but will make an independent decision on how to safeguard its security, the country’s transatlantic policy coordinator said on Tuesday.
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