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German 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.



5 years ago

After 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.



5 years ago

Renault reports 3.4% fall in 2019 global sales as China weighs

French automaker Renault on Friday reported a 3.4% fall in 2019 worldwide sales to 3.75 million vehicles despite growth in Europe.



5 years ago

Oil steady as sluggish China growth offsets trade deal optimism

Oil prices were steady on Friday as reports of sluggish economic growth in China, the world's biggest crude importer, raised concerns about fuel demand which countered optimism from the signing of a Sino-U.S. trade deal this week.



5 years ago

Exclusive: Volkswagen to buy 20% of Chinese battery maker Guoxuan amid electric push - sources

Volkswagen AG is set to take a 20% stake in Chinese electric vehicle battery maker Guoxuan High-tech Co Ltd, two sources told Reuters, as the German firm accelerates its electric push into the world's largest auto market.



5 years ago

H&M to enter Panama in 2020

The world's second-biggest fashion retailer H&M said on Friday it would expand to Central America, starting with a first store in Panama at the end of 2020.



5 years ago

Asian shares firm as China data show signs of easing economic strains

Asian shares rose on Friday after data in China showed pressure on the world's second biggest economy may be starting to diminish.



5 years ago

China posts weakest growth in 29 years as trade war bites, but ends 2019 on better note

China's economic growth cooled to its weakest in nearly 30 years in 2019 amid a bruising trade war with the United States, and more stimulus is expected this year as Beijing tries to boost sluggish investment and demand.



5 years ago

China markets split on outcome of LPR lending benchmark in January

China's financial markets are nearly evenly divided over whether the benchmark lending rate will be lowered or kept steady next Monday, a survey of participants showed, after the central bank kept rates on medium-term loans unchanged this week.



5 years ago

Bayer close to Roundup settlement, mediator tells Bloomberg

Bayer is close to settling more than 75,000 cancer claims related to its Roundup herbicide, mediator Ken Feinberg told Bloomberg in an interview, saying he was "cautiously optimistic" a deal could be reached in about a month.



5 years ago

Renault expects slight 2020 car market decline in Europe, Russia and China

Renault said on Friday it expected a slight decline in the car market in Europe, Russia and China this year after the French carmaker reported a 3.4% fall of worldwide sales in 2019 as China and Iran weighed.



5 years ago

World shares up as China data fuels bets on growth

World shares rose to record highs on Friday, buoyed by Chinese data that suggested the world's second-biggest economy was stabilizing.



5 years ago

British Airways-owner IAG lifts ownership restrictions, boosting shares

British Airways-owner IAG lifted a restriction on non-EU investors' ability to buy its stock, helping boost its share price by more than 5%.



5 years ago

Fiat Chrysler and Foxconn plan Chinese electric vehicle joint venture

Italian-American automaker Fiat Chrysler and the parent of iPhone assembler Foxconn plan to set up a joint venture to build electric cars and develop internet-connected vehicles, the two groups said.



5 years ago

Oil ends week steady as China growth offsets trade deal optimism

Oil prices edged higher on Friday but were set to end the week broadly steady as sluggish economic growth in China, the world's biggest crude importer, raised concerns about fuel demand and countered optimism from the signing of a China-U.S. trade deal.



5 years ago