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Tesla moves a step closer to opening first European factory with German property deal

January 19, 2020 by  

U.S. electric car pioneer Tesla has agreed to buy a property on the outskirts of Berlin, bringing it a step closer to opening its first European factory, local authorities said on Sunday.


Source: Reuters Business News

EU industry chief dismisses fears strict security rules could delay 5G

January 19, 2020 by  

European industrial policy chief Thierry Breton dismissed claims that relying on European companies to build a 5G network would delay its rollout, weighing in on an increasingly tense debate in Germany over the risk posed by China’s Huawei.


Source: Reuters Business News

Founder of South Korean retail giant Lotte dies

January 19, 2020 by  

Lotte Group founder Shin Kyuk-ho, who started manufacturing chewing gum in 1948 in Japan and built the business into South Korea’s No.5 conglomerate with interests ranging from retail to chemicals, died on Sunday, the company said. He was 98.


Source: Reuters Business News

China will increase imports from U.S. according to 'market principles': official

January 19, 2020 by  

China will negotiate with American companies and increase imports of U.S. goods and products according to market principles, an official with its state planner said on Sunday.


Source: Reuters Business News

German cabin crew union plans further strikes at Lufthansa

January 18, 2020 by  

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.


Source: Reuters Business News

With market at record highs, eyes on reports from chipmakers

January 18, 2020 by  

Reports from Netflix, Intel and Texas Instruments next week may hint at what is to come in the December quarterly earnings season, with some investors wary of possible danger signs that could knock Wall Street after its latest surge to record highs.


Source: Reuters Business News

Nokia October warning investigated by local FSA: newspaper report

January 18, 2020 by  

Finland’s Financial Supervisory Authority (FSA) has started an investigation into Nokia’s sharp profit warning in October which sent its shares more than 20% lower, Finnish daily Helsingin Sanomat reported on Saturday.


Source: Reuters Business News

Morgan Stanley CEO Gorman's total 2019 pay falls 7% to $27 million

January 17, 2020 by  

Morgan Stanley Chief Executive James Gorman is receiving $27 million in total compensation in 2019, nearly 7% less than what he got the year before, the company said in a filing on Friday, following a reduction of bonuses staff-wide.


Source: Reuters Business News

Lawyers for Huawei CFO call Canada prosecutor's arguments 'circular'

January 17, 2020 by  

Extraditing Huawei Chief Financial Officer Meng Wanzhou to the United States based on American sanctions against Iran would set a dangerous precedent and could even undermine Canada’s policy towards Iran, Meng’s lawyers argued in court documents released on Friday.


Source: Reuters Business News

Best Buy starts investigation into CEO's personal conduct

January 17, 2020 by  

U.S. consumer electronics retailer Best Buy Co said on Friday that its board was conducting an independent review on allegations of misconduct against Chief Executive Officer Corie Barry after receiving an anonymous letter.


Source: Reuters Business News

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