Business & Finance News
The value of Black Friday sales in Britain jumped 16.5% compared with last year, according to data from payments firm Barclaycard, in a much needed boost for the country’s retailers.
Wall Street fell on Monday after President Donald Trump said he would restore tariffs on metal imports from Brazil and Argentina, while weak domestic manufacturing data fanned worries of a slowing economy in the wake of the U.S.-China trade war.
U.S. factory activity contracted further in November amid a slump in new orders while construction spending unexpectedly fell, offering cautionary notes on an economy that had recently shown signs of growing at a moderate pace.
The U.S. economy’s manufacturing sector contracted for a fourth straight month in November as new order volumes slid back to around their lowest level since 2012, according to an industry report released on Monday.
U.S. stock indexes dropped on Monday after data showed the U.S. manufacturing sector contracted for a fourth straight month in November as new order volumes slid to their lowest level since 2012.
The World Trade Organization (WTO) ruled on Monday that the European Union continues to provide unfair subsidies to European planemaker Airbus , supporting the U.S. case for retaliatory tariffs.
Wall Street opened largely flat on Monday as President Donald Trump said he would restore tariffs on metal imports from Brazil and Argentina, with investors shrugging off a surprise rise in Chinese manufacturing activity.
Global reinsurers are stepping up their warnings to life insurer clients about the potential risks of vaping, putting pressure on underwriters to charge certain vapers higher rates than smokers, or even exclude them altogether.
Wall Street’s main indexes were set to open flat on Monday as President Donald Trump said he would restore tariffs on metal imports from Brazil and Argentina, with investors shrugging off a surprise rise in Chinese manufacturing activity.
U.S. stock index futures gained slightly on Monday as an unexpected rise in Chinese manufacturing activity assuaged investor concerns about a global economic slowdown in the wake of a prolonged trade war between Washington and Beijing.
Tens of thousands of British drivers on Monday accused Volkswagen of fitting devices to cheat clean air laws at the start of the country’s biggest class action lawsuit brought to tackle “dieselgate”.
Italian metalworker union FIOM on Monday called on Fiat Chrysler to come up with new car models to be produced in its home town of Turin to ensure the Mirafiori plant there reaches full employment.
Stock markets reversed earlier gains on Monday after U.S. President Donald Trump said he would restore tariffs on some imports from Brazil and Argentina, overshadowing data showing that the Chinese and euro zone economies were stabilizing.
French carmaker Renault is close to finalizing the shortlist of names for the post of chief executive and could complete the shortlist before the end of the year, said Renault chairman Jean-Dominique Senard on Monday.
U.S. retailers kicked off Cyber Monday by launching a slew of deals earlier than usual over the weekend, seeking to sustain the momentum of a record $11.6 billion in online sales on Thanksgiving and Black Friday.
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