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German union calls for pre-Christmas Amazon strike

Trade union Verdi called for workers at a key Amazon logistics centre in Germany to go on strike over the crucial final shopping days before Christmas, demanding better pay and conditions for workers there.



5 years ago

Electrolux to incur $70 million charge for U.S. overhaul

Swedish appliance maker Electrolux AB on Sunday said its North American business will incur costs of about $70 million in fourth quarter as part of costs incurred to move into a new facility in South Carolina.



5 years ago

IFF to merge with DuPont's $26.2 billion nutrition unit

International Flavors & Fragrances Inc on Sunday said it will merge with DuPont Inc's $26.2 billion nutrition & biosciences unit, in a deal that will create a new combined company.



5 years ago

U.S. exports to China to nearly double in 'totally done' trade deal: Lighthizer

The "phase one" U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is "totally done" despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on Sunday.



5 years ago

Mexico will never accept 'disguised' labor inspectors under USMCA: foreign minister

Mexico's deputy foreign minister for North America, Jesus Seade, on Sunday attempted to rebut claims his country would be subject to labor enforcement inspectors from other countries as part of the new North American trade deal.



5 years ago

Disney+ to debut late March in France in exclusive deal with Canal+

Walt Disney Co will launch its Disney+ streaming service on Vivendi SA's pay-TV business Canal+ platform by the end of March next year, executives of the two groups said in a joint interview released in the daily Les Echos on Sunday.



5 years ago

Australia's Jetstar to cut capacity in January as pilots dispute drags on

Budget airline Jetstar said on Monday it would cut domestic capacity by around 10% in January due to industrial action by pilots and was considering the sale of three Boeing Co 787-8 jets serving loss-making international routes.



5 years ago

Oil prices fall but hold near three-month high on trade deal agreement

Oil prices fell but remained near three-month highs on Monday after the United States and China agreed to an initial trade deal, a move market participants said could stoke oil demand and boost trade flows.



5 years ago

Boeing board meets as company considers 737 MAX production changes

Boeing Co is considering whether to cut or halt production of its grounded 737 MAX after the Federal Aviation Administration said last week it would not approve the plane's return to service before 2020, a person briefed on the matter said on Sunday.



5 years ago

Asian shares rise as 'phase one' trade deal fans confidence

Asian shares ticked higher on Monday as investors cheered an announced trade agreement between Beijing and Washington over the weekend although jubilation was capped by prevailing scepticism about the deal.



5 years ago

Asian shares up as 'phase one' trade deal boosts confidence

Asian shares moved higher on Monday as investors welcomed a trade agreement between Beijing and Washington over the weekend, but enthusiasm was capped by lingering scepticism about the deal and ongoing relations between China and the United States.



5 years ago

China's November industrial output, retail sales beat expectations

China's industrial output and retail sales growth accelerated more than expected in November, suggesting resilience in the economy as Beijing seeks to prop up domestic demand amid the trade war with the United States.



5 years ago

China and U.S. should continue trade talks, remove tariffs: stats bureau

China and the United States should continue bilateral trade talks and work toward removing all existing tariffs, China's National Bureau of Statistics spokesman Fu Linghui said on Monday.



5 years ago

Asian shares up as investors cheer 'phase one' Sino-U.S. trade deal

A broad gauge of Asian share markets hit nearly eight-month highs on Monday after the United States and China agreed a preliminary trade deal, and amid policy-easing hopes in Australia, but profit-taking and caution over the deal's details capped gains.



5 years ago

Oil prices fall as investors seek clarity on U.S.-China trade deal

Oil prices on Monday slid off near three-month highs hit last week as investors searched for clarity beyond the initial impact of a trade deal between the United States and China that's expected to boost flows between the top two global economies.



5 years ago