December 6, 2018

Volkswagen to cut another $3.4 billion in costs to boost margins

Volkswagen announced another 3 billion euros ($3.4 billion) of cost cuts on Thursday in an effort to speed up an improvement in profit margins at its […]
December 6, 2018

Former Tesco directors cleared of fraud over 2014 accounting scandal

Two former directors of Tesco were acquitted on Thursday of fraud and false accounting at Britain’s biggest retailer following a 2014 scandal. Powered by WPeMatico
December 6, 2018

Oil tumbles 5 percent after OPEC hints at smaller output cut

Oil lost nearly 5 percent on Thursday, after OPEC signaled it may agree to a smaller output cut than expected and as concern over the economic […]
December 6, 2018

Top Huawei executive arrested on U.S. request, clouding China trade truce

The daughter of Huawei’s founder, a top executive at the Chinese technology giant, was arrested in Canada and faces extradition to the United States, roiling global […]
December 6, 2018

Arrest of Huawei ‘heiress’ throws rare spotlight on family

Like many top Chinese executives, Meng Wanzhou is a mysterious figure even in her home country, but the 46-year-old chief financial officer of Huawei Technologies had […]
December 6, 2018

Explainer: Who is China’s Huawei Technologies and why is it controversial?

The arrest in Canada of Meng Wanzhou, a top executive at China’s Huawei Technologies Co Ltd and daughter of the founder and CEO, jolted the global […]
December 6, 2018

OPEC waiting for Russia before deciding how much oil to cut

OPEC has made a planned cut in oil output effectively conditional on the contribution from non-OPEC producer Russia, delegates said on Thursday as the group gathered […]
December 6, 2018

Huawei founder’s daughter arrested on U.S. request, puts trade war truce in doubt

The daughter of Chinese tech giant Huawei’s founder has been arrested in Canada and is facing extradition to the United States, dealing a blow to hopes […]
December 6, 2018

Oil falls amid stock market slide, but market eyes OPEC meeting

Oil prices fell along with weak stock markets on Thursday, but trading was tepid ahead of a meeting by producer group OPEC that is expected to […]
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