Volkswagen raises China electric vehicle bet by 2 billion euros, buys stakes in two separate firms
Volkswagen AG (VW) said on Friday it has agreed to invest 2.1 billion euros ($2.33 billion) in two separate Chinese electric vehicle players, upping its...
Travel disruptions, cost cutting key issues for U.S. business in China: report
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the...
Oil prices fall as U.S. fuel demand remains weak
Oil prices edged lower on Friday after U.S. inventory data showed lacklustre fuel demand in the world’s largest oil consumer while worsening U.S.-China tensions weighed...
Los Angeles union, joined by ‘Pandemic Pig,’ demands meatpacking plant closure
The union representing workers at a meatpacking plant near Los Angeles where at least 153 employees have come down with COVID-19 called on Thursday for...
Tyson Foods will shut U.S. pork plant as more workers catch COVID-19
Tyson Foods Inc said on Thursday it will temporarily close an Iowa pork plant due to the coronavirus pandemic, a month after U.S. President Donald...
U.S.-China tension to push Asian shares lower in choppy trade
Asian shares were set to dip in choppy trade on Friday as worries about worsening U.S.-China ties offset the fillip from hopes massive government stimulus...
Exclusive: Argentina says new debt revamp proposal in right direction, still falls short
Argentina’s economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right direction, but...
California regulator approves PG&E’s Chapter 11 reorganization plan
Power regulator California Public Utilities Commission (CPUC) has approved PG&E Corp’s Chapter 11 reorganization plan, the San Francisco-based utility company said on Thursday....
Wall Street ends down in late selloff; Facebook and China weigh
Wall Street ended lower on Thursday following a late-session reversal, with Facebook weighing on the market after President Donald Trump said he would sign an...
Sainsbury’s new boss Roberts faces unexpected in-tray
When Sainsbury’s new boss Simon Roberts hosts a virtual focus group with supermarket shoppers on his first day in charge on Monday, the conversation will...