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VW’s Skoda 2019 deliveries drop to 1.24 million as bleaker China sales biting

16-01-2020

Volkswagen AG’s Skoda Auto sales dipped last year to 1.24 million vehicles, as weaker sales in China, world’s largest auto market, appeared to be raising an alarming bell over the automaker’s passenger car sales

US shrugs currency manipulator label off China ahead of trade deal sign off

15-01-2020

Late on Monday, the 13th of January 2020, the US Treasury Department unbranded China of its designation as a currency manipulator

India orders antitrust probe on Amazon, Walmart Inc.’s Flipkart

15-01-2020

On Monday, the Competition Commission of India (CCI) had ordered a sweeping probe on marketing practices of US-based world’s No. 1 online retailer Amazon.com Inc. alongside the world’s largest brick-and-mortar retailer, Walmart Inc.

US coal-fired plants closing fast despite Trump’s pledge to support the industry

15-01-2020

Coal-fired power plants in the United States had shut down at its second-fastest pace last year despite reassurances from the US President Donald Trump

Global debts expected to breach an all-time-high $257 trillion in coming months

15-01-2020

On Monday, the 13th of January 2020, the Institute of International Finance projected that the global debt would likely to break through to a new all-time high of over $257 trillion in a near-term outlook

Yoga wear maker Lululemon raises profit, sales forecast on upbeat holiday demand

14-01-2020

On Monday, the 13th of January 2020, Vancouver-based Canadian retailer of yoga pants and other yoga wears, Lululemon Athletica Inc. had raised its quarterly profit and sales outlook following robust holiday demand

Britain secretly funded Reuters in 1960s and 1970s to spread anti-Soviet propaganda

14-01-2020

During the period of Cold War, in the 1960s and 70s, UK Government had secretly funded the 168-year old news agency, Reuters, back then named as Reuters Group Plc.

Walmart sacks 56 executives in India as part of a wider reform

14-01-2020

Walmart Inc., the Bentonville-based multinational hypermarket chain operator, world’s largest brick-and-mortar and online retailer, had fired 56 executives in India on Monday, the 13th of January 2020

Renault shares fall as worries lingering on Nissan alliance without Ghosn

14-01-2020

On Monday, the 13th of January 2020, shares’ prices of the century-old French multinational carmaker, Groupe Renault, had hit a six-year low rock-bottom

Bank of Lebanon proposes to swap foreign bonds for long-term bonds

14-01-2020

In the face of Lebanon’s worst economic downturns in decade with half of its population residing below poverty lines, questions were getting louder on whether it would be able to repay the debts

South Africa’s Eskom Chair resigns after power cuts during holiday season

13-01-2020

On Friday, the 10th of January 2020, Chairman of the South African’s cash-strapped state-backed power and utility firm Eskom, Jabu Mabuza had stepped down citing his failure to prevent power cuts

Peugeot family seeks to raise stakes in $50 billion PSA-FCA merger

13-01-2020

French Peugeot family had been exploring an option to quickly raise its stake in the new carmaker entity that formed following a whopping $50 billion merger of French PSA and Italian-American carmaker FCA

US officials to visit Britain to push for Huawei 5G ban

13-01-2020

As early as next Monday (January 13th), a perspicacious bunch of US delegates would likely to arrive in United Kingdom in a bid to step up lobbying efforts to persuade Britain not to use China’s Huawei's 5G telecom gears

UK regulator to fine Boeing Co. $5.4 million for defective parts on 737 MAX jets

13-01-2020

Late on Friday, the 10th of January 2020, the US aviation authority, Federal Aviation Administration (FAA), had issued a statement saying that it was looking to a $5.4 million in punitive measures from Boeing Co.

Uber to exit Colombia after ‘arbitrary’ court ruling

13-01-2020

Uber Technologies Inc., the San Francisco, CA-based ride-hailing pioneer and one of the closely monitored tech tycoons in the Silicon Valley, would cease to exist in Columbia at end-January.

CNN to lay off $76 million to settle dispute with Team Video Services

13-01-2020

CNN said that its management board had agreed to pay out a sum of $76 million to settle a long-standing dispute over the US-based multinational news broadcaster’s termination of contract with a camera operator

General Motors to revive ‘Hummer’ name with electric pickups, SUVs

13-01-2020

Detroit-based United States leading carmaker, General Motors Co., has been exploring an option to capitalize on its ‘Hummer’ name by introducing a new family of e-pickup trucks & SUVs under the brand name

Boeing's ousted CEO departs with $62 million even without severance pay

12-01-2020

Late on Friday, the 10th of January 2020, at a regulatory filing Boeing Co. had revealed its compensation amount for its former Chief Executive Dennis Muilenburg ousted on December

Japan seeks Interpol ‘wanted’ notice for Carlos Ghosn’s wife

12-01-2020

On Saturday, the 11th of January 2019, a number of Japanese local newspapers had reported the Japanese authorities had requested an Interpol “wanted” notice for ex-Nissan boss Ghosn's wife

Amazon Boss Bezos to face protests from traders during India trip

12-01-2020

Thousands of Indian small business owners selling products in Amazon.com Inc.’s online platform were drawing out a plan to demonstrate a protest against the World’s No. 1 online retailer

Brookfield, Temasek partner up for Thyssenkrupp elevator bid

12-01-2020

Brookfield Asset Management had joined forces with Singapore’s state-backed investor Temasek Holdings in an auction for Essen-based German multinational conglomerate

Apple Inc. pushes robot-based recycling, but mined metals still needed

12-01-2020

Apple Inc. has been trying to make a sweeping reform of the ways it had been recycling its older phones with an introduction of a robot-based recycling

US to probe Fitbit, Garmin, other wearable devices after Philip complains

12-01-2020

On Friday, the 10th of January 2020, US trade regulators said that they were sketching out a plan to initiate a probe on wearable devices manufacturers such as Fitbit Inc. and Garmin Ltd. over a potential patent violation accusation.

Lebanon may lift Ghosn’s travel ban if files not received in 40 days, says Minister

11-01-2020

Lebanon’s caretaker government’s Justice Minister said in a statement on Friday that it might lift a travel ban on ex-Nissan boss Ghosn if files required for this case were not received from Tokyo’s Justice department within 40 days

Takeaway.com shareholders approve Just Eat acquisition

11-01-2020

Dutch Takeaway had issued a public statement on Thursday saying that its controlling stakeholders had approved the company’s planned £5.9 billion ($7.7 billion) all-share takeover bid for its London-based peer, Just Eat Plc

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