Geely Automobile in talks with Volvo to tighten ties
China's Geely Automobile said on Monday it is in early discussions with Sweden's Volvo Car AB about combining the two businesses into a global carmaker with listings in Hong Kong and Stockholm.
China's Geely Automobile said on Monday it is in early discussions with Sweden's Volvo Car AB about combining the two businesses into a global carmaker with listings in Hong Kong and Stockholm.
Apple's biggest iPhone maker Foxconn got approval to resume production at a key plant in China after being forced to shut it following the coronavirus outbreak, but only 10% of the factory's workforce has managed to return so far, a source told Reuters.
Ryanair Chief Marketing Officer Kenny Jacobs, who spearheaded the airline's drive to improve customer service, is to leave his position after six years at the end of April to pursue other challenges, he told Reuters on Monday.
Oil prices dipped on Monday on weaker Chinese oil demand in the wake of the coronavirus outbreak and as traders waited to see if Russia would join other producers in seeking further output cuts.
More sleep, saving money on a formal work wardrobe and lunch out. The benefits of working from home are obvious, but just a fraction of U.S. workers get to do it. In some fields, though, these jobs are exploding.
Despite the dangers of high-interest loans, many Americans are racking up enough credit card debt to worry about overdrafting their account on a single large purchase.
The main U.S. stock indexes opened lower on Monday, dragged down by losses in Apple as analysts predicted a drop in quarterly smartphone sales in China due to retail store closures and production suspensions due to the coronavirus outbreak.
Carlos Ghosn, the fugitive former auto executive, used a joint venture between Nissan and Mitsubishi to inflate his pay, effectively clawing back a cut to his declared wages, and to cover a personal tax debt, lawyers for the firms said on Monday.
Google has canceled plans to buy a 12.5% stake in Africa's largest wind farm after delays to the project, Danish wind turbine maker Vestas said on Monday.
Office sharing startup WeWork has closed 100 buildings in China due to the coronavirus outbreak, Chairman Marcelo Claure said in a CNBC interview on Monday.
Apple iPhone maker Foxconn has received Chinese government approval to resume production at a key plant in the southern city of Shenzhen, a source with direct knowledge of the situation told Reuters late on Monday.
China's Geely Automobile and Volvo are in talks about combining their businesses to create a stronger global carmaker with listings in Hong Kong and possibly Stockholm.
More than 300 Chinese companies are seeking bank loans totalling at least 57.4 billion yuan ($8.2 billion) to help to soften the impact of the coronavirus outbreak in China, two banking sources said.
Amazon Web Services is seeking to depose President Donald Trump and Defense Secretary Mark Esper in its lawsuit over the awarding of a U.S. military contract for cloud computing to Amazon rival Microsoft, according to a spokesperson.
U.S. stocks ticked higher on Monday, as people returned to work in China after an extended new year holiday triggered by the coronavirus outbreak but sentiment remained fragile.