U.S. President Donald Trump on Friday outlined the first phase of a deal to end a trade war with China and suspended a threatened tariff hike, but officials on both sides said much more work needed to be done before an accord could be agreed.
Volkswagen is looking at options for its luxury brand Lamborghini, including a sale or stock listing, Bloomberg reported on Friday, citing people familiar with the matter.
A fierce, wind-driven wildfire swept through foothills and canyons along the northern edge of Los Angeles on Friday, engulfing homes, closing roads and devouring acres of dry brush and chaparral as 100,000 residents were forced to flee.
Boeing Co's board has stripped chief executive Dennis Muilenburg of his chairmanship title, in an unexpected strategy shift announced by the U.S. planemaker on Friday only hours after a global aviation panel criticized development of the troubled 737 MAX.
A U.S.-China currency agreement being floated as a symbol of progress in this week's trade talks between the world's two largest economies would largely repeat past pledges by China, currency experts say, and will not change the dollar-yuan relationship that has been a thorn in the side of President Donald Trump.
South Korea's Hyundai Motor and Kia Motors agreed to resolve class action litigation with U.S. owners of certain vehicles equipped with Theta II gasoline direct injection (GDI) engines, the companies said on Friday.
Asian shares jumped on Friday after U.S. President Donald Trump said he would meet with China's top trade negotiator, stirring hopes for an agreement, while sterling resumed its climb amid optimism over a possible Brexit deal.
Christian Klein, SAP's new co-chief executive, told Germany's' n-tv television that the software and cloud computing giant will rely on a strategy of continuity following the departure of Bill McDermott.
By Saikat Chatterjee, Hideyuki Sano and Gertrude Chavez-Dreyfuss
An international panel of air safety regulators on Friday harshly criticized the U.S. Federal Aviation Administration's (FAA) review of a safety system on Boeing Co's 737 Max jet that was later tied to two crashes that killed 346 people.
California Governor Gavin Newsom called a widespread electricity shutdown triggered by a power company to prevent wildfires "unacceptable", as gale-force winds and dry weather posed a critical fire threat to the north of the state.
Ford Motor Co's July-to-September vehicle sales in China fell 30%, as the U.S. automaker continues to lose ground in a prolonged sales decline in its second biggest market.
China's foreign ministry said on Friday it hoped China can work with the United States for progress on trade consultations, when asked about trade talks between the two countries.
Bill McDermott stood down on Friday after a decade building up SAP as the world's leading enterprise software company, handing the task of completing its transition to cloud computing to new co-CEOs Jennifer Morgan and Christian Klein.
An international panel of air safety regulators on Friday harshly criticized the U.S. Federal Aviation Administration's (FAA) review of a safety system on Boeing Co's 737 MAX jet that was later tied to two crashes that killed 346 people.