Business & Finance News
G20 economies slapped on 28 new barriers between mid-May and mid-October covering trade worth an estimated $460.4 billion, mainly via tariff increases and import bans, the World Trade Organization said on Thursday.
French media group Vivendi is prepared to sell part of its stake in Mediaset at a loss in an attempt to reach an accord to end years of bitter legal disputes with the Italian broadcaster, a source close to the matter said on Friday.
The United Auto Workers union international executive board will meet to name a new president, the union said on Thursday, a day after the previous president resigned following 17 months in office, but union officials said a date for the meeting had not been set.
U.S. discount broker Charles Schwab Corp. is in talks to buy rival TD Ameritrade in a $26 billion deal that would create an online brokerage behemoth, according to media reports.
The U.S. dollar and global equity markets edged lower on Thursday as efforts by China to smooth the path forward in U.S.-Sino trade talks was offset by concerns tensions between the world’s two largest economies were too large to quickly overcome.
Shares of marijuana companies rose on Thursday after a U.S. congressional committee passed a legislation to decriminalize cannabis, taking it a step closer to being approved by the Democratic-controlled House of Representatives.
General Motors Co’s first electric pickup truck model will go on sale in the fall of 2021, the company’s top executive said on Thursday, around the same time as electric carmaker Tesla Inc’s own model is expected to debut.
Macy’s Inc cut its annual profit forecast for the second time this year on Thursday, as the department store operator blamed weak international tourism, warm weather and sluggish mall traffic for the first drop in same-store sales in two years.
Ride hailing company Uber denied a German magazine report on Thursday that it was considering hiring Wirecard as its main payments partner to replace Dutch platform Adyen.
WeWork said on Thursday it is laying off around 2,400 employees globally, as the office-sharing company seeks to drastically cut costs and stabilize its business after it transformed from a Wall Street darling into a pariah in a matter of weeks.
Ride hailing company Uber denied a German magazine report on Thursday that it was considering hiring Wirecard as its main payments partner to replace Dutch platform Adyen .
EU trade chief Cecilia Malmstrom and ministers expressed cautious optimism on Thursday that the threat of U.S. tariffs on imported European cars had passed.
McDonald’s Corp employees on Thursday sued the fast food giant and several of its franchisees in Chicago over a store redesign that staffers say has made it easier for angry customers to leap over the counter and attack them.
The three major U.S. indexes fell on Thursday after conflicting headlines on U.S-China trade relations and a row between the world’s top two economies over the Hong Kong protest led to uncertainty over the timing of a deal to end the dispute.
Fiat Chrysler (FCA) on Thursday brushed off a shock lawsuit from General Motors (GM) and said it was confident of reaching a binding merger deal with Peugeot owner PSA Group by the end of this year to create the world’s fourth largest carmaker.
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