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Airbus CEO says will 'continue to advocate for a settlement' on trade

Airbus Chief Executive Guillaume Faury said on Thursday he will continue to advocate for a settlement on trade between the United States and Europe and called the imposition of tariffs a "lose-lose game" on both sides of the Atlantic.



5 years ago

Eni CEO searched, under investigation over dealings in Congo

Italian oil and gas group Eni said on Thursday its chief executive, Claudio Descalzi, was under investigation for a conflict of interest issue over dealings in the Congo.



5 years ago

GM reverses, will pay for striking union workers' health insurance; major issues remain

General Motors Co said on Thursday it will pay for the health insurance of its striking hourly workers, reversing a decision to push the costs onto the United Auto Workers union as officials on both sides said major issues remain to be resolved.



5 years ago

Boeing assumptions on 737 MAX emergency response faulted: NTSB

Boeing Co failed to adequately consider how pilots respond to cockpit emergencies in its 737 MAX safety assessment and may need to make changes to flight deck alerts, pilot procedures and training, the National Transportation Safety Board said.



5 years ago

Factbox: U.S. imposes Iran sanctions on China tankers

The Trump administration imposed sanctions this week on Chinese tanker companies for alleged involvement in the transport of oil from Iran, calling it one of the biggest sanctions actions it has taken since its crackdown on Iranian oil exports.



5 years ago

Former Nissan boss Ghosn's wife says he may not get fair trial in Japan: CNBC

Carole Ghosn, the wife of former Nissan Chairman and Chief Executive Officer Carlos Ghosn, on Thursday raised doubts about her husband getting a fair trial in Japan in an interview to CNBC.



5 years ago

Toyota to raise stake in Subaru to over 20%: Nikkei

Toyota Motor Corp plans to raise its stake in Subaru Corp to more than 20% from around 17% now, expanding their partnership to invest more effectively in new technologies, Nikkei reported on Friday.



5 years ago

Oil prices fall as supply risk premium fades, demand outlook drags

Oil prices fell on Friday, erasing more of the gains realized after the Sept. 14 attacks on Saudi Arabian oil facilities, as the rapid return of production capacity from the world's top exporter squashed risk premiums.



5 years ago

Asian shares on track for weekly loss amid mounting U.S. political uncertainties

Asian shares were on course for a second straight week of losses on Friday as the release of a whistleblower complaint against U.S. President Donald Trump heightened uncertainties about the global economy, already reeling from Sino-U.S. trade war.



5 years ago

WeWork halts all new lease agreements with property owners: FT

WeWork is halting all new lease agreements with property owners as the U.S. office-sharing startup looks to curtail costs, the Financial Times reported on Thursday citing people briefed on the matter.



5 years ago

Delta buys $1.9 billion LATAM stake, snatching partner away from American Airlines

Delta Air Lines said on Thursday it would buy a 20% stake in LATAM Airlines Group for $1.9 billion, creating a major new airline partnership and ending the Chilean carrier's ties with American Airlines.



5 years ago

Toyota to boost Subaru stake to more than 20%: sources

Toyota Motor Corp plans to raise its stake in Subaru Corp to more than 20% from around 17% now, a deal that would also see the smaller firm invest in Japan's top automaker, two people with direct knowledge of the matter said on Friday.



5 years ago

Asian shares drop to three-week low, U.S. politics adds to gloom

Asian shares slipped to three-week lows on Friday as the release of a whistleblower complaint against U.S. President Donald Trump added to uncertainties about the global economy, already reeling from the China-U.S. trade war.



5 years ago

Motorbike ride-sharing a panacea for Dhaka traffic chaos

Ride-sharing motorbike services are surging in popularity in the Bangladeshi capital of Dhaka, where nightmare traffic often means that walking is faster than traveling by car or bus.



5 years ago

U.S. Justice Department to open Facebook antitrust investigation: source

The U.S. Justice Department will open an antitrust investigation of Facebook Inc , a person familiar with the matter said on Wednesday, marking the fourth recent antitrust probe of the social media company.



5 years ago