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Sun, Jan 19, 2020
1:57 pmTesla moves a step closer to opening first European factory with German property deal
U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday.
1:09 pmEU industry chief dismisses fears strict security rules could delay 5G
European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China's Huawei.
7:25 amFounder of South Korean retail giant Lotte dies
Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea's No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. He was 98.
5:12 amChina will increase imports from U.S. according to 'market principles': official
China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.
Sat, Jan 18, 2020
5:12 pmGerman cabin crew union plans further strikes at Lufthansa
German cabin crew union UFO said on Saturday it was planning further strikes at Lufthansa to increase pressure on management after talks with Germany's largest airline and two potential mediators did not yield any results.
4:33 pm"You're stealing our water": Germans protest against Tesla gigafactory
Around 250 Germans on Saturday protested in the outskirts of Berlin where electric car startup Tesla is planning to build a gigafactory, saying its construction will endanger water supply and wildlife in the area.
11:42 amWith market at record highs, eyes on reports from chipmakers
Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.
9:04 amNokia October warning investigated by local FSA: newspaper report
Finland's Financial Supervisory Authority (FSA) has started an investigation into Nokia's sharp profit warning in October which sent its shares more than 20% lower, Finnish daily Helsingin Sanomat reported on Saturday.
Fri, Jan 17, 2020
8:54 pmMorgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million
Morgan Stanley Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide.
8:32 pmLawyers for Huawei CFO call Canada prosecutor's arguments 'circular'
Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada's policy towards Iran, Meng's lawyers argued in court documents released on Friday.
8:10 pmBest Buy starts investigation into CEO's personal conduct
U.S. consumer electronics retailer Best Buy Co said on Friday that its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.
7:45 pmBayer could be close to Roundup settlement, mediator says
Bayer could be close to settling more than 75,000 cancer claims related to its Roundup herbicide, with mediator Ken Feinberg on Friday saying he was "cautiously optimistic that a settlement will ultimately be reached."
7:44 pmU.S. will look at sudden acceleration complaints involving 500,000 Tesla vehicles
The National Highway Traffic Safety Administration (NHTSA) said Friday it will review a petition asking the agency to formally investigate and recall 500,000 Tesla Inc vehicles over sudden unintended acceleration reports.
7:36 pmWall Street hits new highs in strongest week since August
Wall Street climbed to record highs on Friday, with major indexes turning in their strongest weekly gains since August, after strong U.S. housing data and signs of resilience in the Chinese economy raised hopes of a rebound in global growth.
6:37 pmShares set fresh records, lifted by U.S. housing data
Key world equity indexes scaled new highs on Friday, boosted by a surge in U.S. housing starts to levels last seen in 2006, while the greenback rose to a one-week high against the euro on expectations of solid economic growth.
6:31 pmNetflix opens Paris office, plans new French-language series
U.S. television streaming company Netflix has opened a new Paris office and plans to develop more than 20 original French-language productions in 2020, it said on Friday.
5:58 pmOil steadies as Chinese economy offsets trade optimism
Oil prices steadied on Friday as sluggish economic growth in China, the world's biggest crude importer, raised concerns over fuel demand and countered optimism from the signing of a China-U.S. trade deal.
5:14 pmAfter India's Amazon snub, Modi's party slams Bezos-owned Washington Post
Indian Prime Minister Narendra Modi's ruling party on Friday slammed editorial policies of billionaire Jeff Bezos-owned Washington Post, even as his e-commerce firm Amazon announced plans to create a million jobs in the country by 2025.
4:55 pmBoeing addresses new 737 MAX software issue that could keep plane grounded longer
Boeing Co said on Friday it is addressing a new software issue discovered in Iowa last weekend during a technical review of the proposed update to the grounded Boeing 737 MAX, a development that could further delay the plane's return to service.
3:16 pmToyota to move Tacoma truck production to Mexico from U.S.
Toyota Motor Corp said on Friday it will move production of its mid-size Tacoma pick-up truck from the United States to Mexico as it adjusts production around North America.
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