Business & Finance News
U.S. businesses paid an additional $2.7 billion in tariffs in November 2018, according to data from a coalition of U.S. business groups fighting President Donald Trump’s trade tariffs.
Skoda Auto, the Czech unit of Volkswagen, said on Thursday its global deliveries dropped 1.1 percent in January to 102,600 cars.
Austria’s competition authority has initiated an investigation against Amazon on suspicion that it had violated Austrian and European antitrust law, it said on Thursday.
EU judges dealt a possible blow to an EU crackdown against tax avoidance by global multinationals on Thursday by annulling an order by the EU executive against a Belgian tax-break scheme for about 35 large companies.
A Belgian tax break which benefited about 35 large companies is legal, an EU court said on Thursday, giving a boost to Apple and other companies challenging similar findings by the European Commission.
Nestle put its Herta processed meats business on the block on Thursday, accelerating the food group’s revamp as it reported an uptick in sales momentum for the first time in seven years.
Apple Inc said Thursday that it will resume selling older iPhone models in its stores in Germany after they were banned last year, but only with chips from Qualcomm Inc, which is in a global legal battle against the Cupertino company.
Renault set a weaker profit goal for 2019 on Thursday, citing exchange-rate challenges and market uncertainties, as the French carmaker presented annual results without its recently ousted CEO Carlos Ghosn for the first time in 13 years.
Europe’s Airbus is scrapping production of the A380 superjumbo, with lackluster sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner.
The new chairman of French automaker Renault on Thursday said it was not the time to discuss whether he would also take the helm of Nissan, as he arrived in Japan to reaffirm an alliance rocked by the arrest and ouster of former Chairman Carlos Ghosn.
Deutsche Bank on Thursday rebuffed calls for cuts at its struggling investment bank, citing an overhaul last year.
Renault SA Chairman Jean-Dominique Senard, arriving in Japan for a meeting with Nissan Motor, said it was not yet time to discuss whether he would assume the chairmanship of the Japanese automaker, Jiji news agency reported on Thursday.
VEVEY, Switzerland (Reuters)A – Nestle said it expected its organic sales to rise by more than 3 percent this year after an improving performance in China and North America helped growth accelerate in 2018 after six years of slowdowns.
Renault’s revenue and profits fell in 2018, hit by collapsing diesel sales, exchange-rate setbacks and a withdrawal from the Iranian market, the French carmaker said.
The owner of one of the world’s most famous diamond mines could be about a decade away from clearing its multi-million-dollar debts, in a sign of the struggles facing an industry assailed by synthetic rivals and uncertain demand.
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