Category Archives: Business News

FILE PHOTO – A Lockheed Martin F-35 aircraft is seen at the ILA Air Show in Berlin, Germany, April 25, 2018. REUTERS/Axel Schmidt WASHINGTON (Reuters) – Lockheed Martin Corp (LMT.N) has been awarded a $542 million contract for equipment and spares for F-35 aircraft, the Pentagon said in a statement on Tuesday. Reporting by Mohammad […]

BEIJING (Reuters) – China’s economy cooled in the fourth quarter under pressure from faltering domestic demand and bruising U.S. tariffs, dragging 2018 growth to the lowest level in nearly three decades and pressuring Beijing to roll out more stimulus to avert a sharper slowdown. Growing signs of weakness in China — which has generated nearly […]

FILE PHOTO: Hans Dieter Poetsch, Chairman of the Volkswagen’s supervisory board, speaks during the Volkswagen Group’s annual general meeting in Berlin, Germany, May 3, 2018. REUTERS/Axel Schmidt BERLIN (Reuters) – The move to electric vehicles will make cars significantly more expensive, meaning they may become unaffordable for people on low incomes in the future, the […]

BEIJING/WASHINGTON (Reuters) – The United States is pushing for regular reviews of China’s progress on pledged trade reforms as a condition for a trade deal – and could again resort to tariffs if it deems Beijing has violated the agreement, according to sources briefed on negotiations to end the trade war between the two nations. […]

SOMERSET, N.J./SAN FRANCISCO (Reuters) – “Patience” is the new mantra at the Federal Reserve, less than two weeks ahead of the U.S. central bank’s first policy meeting of the new year, as officials leave little doubt they want to stop raising interest rates – at least for a while. FILE PHOTO: John Williams poses for […]

PARIS (Reuters) – Hitachi’s decision to freeze its $28 billion nuclear power project in Britain strengthens the hand of France’s EDF (EDF.PA) and its Chinese partner in talks with the government on how to finance new reactors. FILE PHOTO: Construction workers are seen beside one of two ‘nuclear islands’ at the Hinkley Point C nuclear […]

WASHINGTON (Reuters) – A bipartisan group of U.S. lawmakers introduced bills on Wednesday that would ban the sale of U.S. chips or other components to Huawei Technologies Co Ltd [HWT.UL], ZTE Corp (000063.SZ) or other Chinese telecommunications companies that violate U.S. sanctions or export control laws. FILE PHOTO: The Huawei logo is pictured outside their […]

The Snapchat messaging application is seen on a phone screen August 3, 2017. REUTERS/Thomas White (Reuters) – Snapchat app-owner Snap Inc said on Tuesday Chief Financial Officer Tim Stone will be leaving the company, less than a year after assuming charge in the latest top-level exit. Stone, who is leaving to pursue other opportunities, will […]

DETROIT (Reuters) – Auto executives gathered in Detroit on Monday called on the Trump administration and Congress to resolve trade disputes, and end the government shutdown, saying political uncertainty is costing the industry. Ford Motor Company President and CEO Bill Hackett (L) and Executive Chairman Bill Ford attend their company’s presentation at the North American […]

(Reuters) – The wife of ousted Nissan Motor Co Ltd (7201.T) chairman Carlos Ghosn has urged Human Rights Watch to bring attention to the “harsh treatment” he has received while being detained in a Japanese jail, according to a letter seen by Reuters on Sunday. FILE PHOTO – Carlos Ghosn, Chairman and CEO of the […]