AFL-CIO’s Trumka says USMCA is first step to undoing evils of NAFTA
The new North American trade deal addresses most concerns of U.S. labor unions, Richard Trumka, head of the AFL-CIO union federation, said on Thursday, but even so he expects it could take more than a decade to reverse job losses resulting from the ori…
Asia stocks digest meaty gains, sterling starved for love
Asian shares snoozed near 18-month highs on Friday as trade thinned in the run-up to Christmas and investors seemed content to digest the chunky gains already made so far this month.
China’s Great Wall revs up for India as rivals hit the brakes
Chinese automakers Great Wall Motor and Changan Automobile are accelerating plans to build cars in India after the initial success of rival SAIC Motor in one of the world’s biggest markets, three sources said.
Australian watchdog sues Volkswagen unit for lapses in loan due diligence
Australia’s corporate watchdog said on Friday it had begun civil penalty proceedings in Federal Court against a unit of Volkswagen AG for allegedly not making appropriate checks before giving out 49,380 loans to consumers.
Brazil’s Embraer plans to develop new light military transport plane
Brazil’s planemaker Embraer S.A. said it is studying the development of a new light military transport plane together with the Brazilian Air Force, the company said in a statement on Thursday.
U.S. House passes new North American trade deal replacing NAFTA
The U.S. House of Representatives overwhelmingly approved a new North American trade deal on Thursday that includes tougher labor and automotive content rules but leaves $1.2 trillion in annual U.S.-Mexico-Canada trade flows largely unchanged.
Nvidia, Mellanox Technologies win EU approval for $6.8 billion deal
Semiconductor company Mellanox Technologies has received approval from EU antitrust and Mexico for its proposed acquisition by chipmaker Nvidia for $6.8 billion, a regulatory filing showed on Thursday.
USMCA approval will trigger investment, growth: Mexico foreign minister
Mexican Foreign Minister Marcelo Ebrard said on Thursday that a new North American trade deal will start a new phase of investment and growth for Mexico, ending a period of uncertainty.
Nike quarterly results beat, but North America disappoints
Nike Inc’s quarterly revenue and profit blew past Wall Street expectations on Thursday on strong sales in China, but lower-than-expected growth in North America, its biggest market, overshadowed the beat.
Southwest can be sued for bumping passenger who spoke Arabic: U.S. judge
A federal judge on Thursday rejected Southwest Airlines Co’s bid to dismiss a discrimination lawsuit by an American of Iraqi descent who was removed from a 2016 flight after another passenger heard him speak in Arabic and feared he might be a terroris…
