October 9, 2019

Wearable device Fitbit to shift production out of China from January

Fitbit Inc will manufacture all its trackers and smart watches outside China from January, the wearable device maker said on Wednesday, the latest U.S. company looking […]
October 9, 2019

Goldman evaluating role in China’s Megvii IPO after U.S. blacklist

Goldman Sachs Group Inc said on Tuesday it was reviewing its involvement in Megvii Technology Ltd’s planned initial public offering after the U.S. government placed the […]
October 9, 2019

Gingko Bioworks raises $350 million fund for biotech spinouts

Biotechnology start-up Ginkgo Bioworks said on Wednesday that it had raised a $350 million fund to more easily invest in spinout ventures that use its bio-engineering […]
October 9, 2019

American Airlines cancels 737 MAX flights until Jan. 16

American Airlines Group Inc on Wednesday extended cancellations of Boeing 737 MAX flights through Jan. 15, running contrary to the U.S. planemaker’s promises that the grounded […]
October 9, 2019

New Thyssenkrupp CEO prepares ground for major job cuts

New Thyssenkrupp chief executive Martina Merz on Wednesday paved the way for deeper job cuts at the ailing conglomerate, telling employees in an internal memo such […]
October 9, 2019

Multinationals risk heftier tax hit in biggest overhaul for decades

Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules. […]
October 9, 2019

Stocks grind higher as investors cling to trade truce hopes

Stocks gained on Wednesday as investors clung to hopes that the United States and China could yet agree some sort of trade deal, while the prospect […]
October 9, 2019

Multinationals face heftier tax hit in biggest overhaul for decades

Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules. […]
October 9, 2019

Factbox: International tax faces biggest shake-up in decades under OECD plan

The Organisation for Economic Cooperation (OECD) has proposed overhauling rules for taxing cross-border corporate income to bring them into line with the digital age. Powered by […]
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