Business

Commerce Secretary Wilbur Ross said on Tuesday the Trump administration has not ruled out imposing tariffs on imported autos, after letting a review period end in November with no action, Reuters writes. “We’ve been having […]

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President Donald Trump’s surprise decision to slap metals tariffs on Brazil is a blow to President Jair Bolsonaro’s aim of forging closer ties with Washington and could push Latin America’s No. 1 economy closer to […]

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Tesla’s announcement earlier this month that it will build its first European factory near Berlin will draw further companies from the electric mobility and energy storage sectors into Germany, a state premier told newspaper Die […]

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The U.S. economy expanded modestly from October to mid-November and the outlook for growth was generally positive while labor markets remained tight across the country, the Federal Reserve said in a report on Wednesday, Reuters […]

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Shares advanced in early European trading Tuesday after a mixed session in Asia as investors awaited fresh developments in trade talks between the United States and China, The Associated Press reported. France’s CAC 40 added […]

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President Donald Trump is expected to announce this week he is delaying a decision on whether to slap tariffs on cars and auto parts imported from the European Union, likely for another six months, EU […]

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Tesla Inc. unveiled its first vehicles built in China, a milestone for Elon Musk’s company as it prepares to start sales of domestically made electric sedans in the world’s largest auto market, Bloomberg reported. Assembled […]

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Saudi Aramco is looking to sell up to 0.5% of the state oil giant to retail investors in its planned initial public offering (IPO), three sources told Reuters. The Saudi oil group has not yet […]

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Hong Kong’s political crisis is hitting the local Disneyland hard, CNN reported. Disney reported strong earnings on Thursday, but flagged mounting losses at its theme park in Hong Kong, where protests have gripped the city […]

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Tesla plans to double the number of repair and maintenance shops, add about 100 charging stations and revamp showrooms in China as the electric vehicle maker gears up to open its Shanghai plant, Reuters writes. […]

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The National Highway Traffic Safety Administration has launched an investigation into the possibility that battery defects in Tesla vehicles may have caused the cars to burst into flames, ABC News informs. The investigation will involve […]

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Fast-food giant McDonald’s dismissed Chief Executive Steve Easterbrook over a recent consensual relationship with an employee, which the board determined violated company policy, the company said on Sunday. The board found that Easterbrook, 52, who […]

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Apple’s shares have been on a rollercoaster this year, Market Realist writes. After falling over 30% in the last quarter of calendar 2018, the stock made a strong comeback this year, and now it is […]

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Microsoft has won the Pentagon’s $10 billion cloud computing contract, the Defense Department said on Friday, beating out favorite Amazon, Reuters reports. The contracting process had long been mired in conflict of interest allegations, even […]

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Tesla CEO Elon Musk is pushing ahead with global expansion plans after beating his deadline to start making cars in China, CNN reported. The company told investors Wednesday that Tesla’s (TSLA) new Gigafactory in Shanghai […]

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Tesla on Wednesday surprised investors with a quarterly profit that sent its shares soaring, as Chief Executive Elon Musk promised a 2020 rollout of a cheaper SUV and more self-driving technology to stay ahead of […]

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A bribery trial involving the heir of South Korea’s Samsung Group will start on Friday after the country’s top court ruled earlier this year that the case should be reviewed by a lower court, raising […]

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American investors are continuing to pump billions into the Moscow stock market, despite sanctions against some of their most important companies and the constant barrage of anti-Russia rhetoric in U.S. headlines, Forbes writes.  According to […]

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Deutsche Bank did not disclose more than one million suspect money transfers with Danske Bank until February, a person with direct knowledge of the matter said, about five years after a whistleblower flagged suspicious transactions […]

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