Drive me crazy: Colombia ride-hailing apps, tech firms bristle at regulations
Uber driver Juan Jose is quick to cover his cell phone with the red rag he keeps in his front seat whenever he spots a police officer on the streets of Bogota.
Long road ahead as Fiat Chrysler, Peugeot agree to $50 billion merger
Fiat Chrysler and Peugeot maker PSA face the challenge of winning over regulators and delivering on a pledge to slash costs without closing factories after sealing a binding deal to create the world’s fourth biggest carmaker.
Merkel unaware of any pressure exerted by China over Huawei
German Chancellor Angela Merkel said on Wednesday she had not been told about the Chinese authorities making any threats of retaliation if Germany were to exclude Huawei from its 5G rollout.
Timeline: Fiat Chrysler and Peugeot merger marks next round of consolidation
Fiat Chrysler and Peugeot maker PSA on Wednesday reached a binding agreement for their roughly $50 billion merger, as the auto industry scrambles to develop zero-emissions vehicles and tackle slowing demand.
Futures pause after Wall Street’s record run; FedEx sinks
U.S. stock index futures were flat on Wednesday as investors paused after Wall Street’s record-setting spree, while FedEx eyed its worst day since September after cutting its annual profit forecast for the second time this year.
Mistry’s reinstatement at Tata Sons backed by tribunal
Cyrus Mistry has won backing from a tribunal for reinstatement as executive chairman of Tata Sons, the holding company behind Indian conglomerate Tata Group, lawyers said on Wednesday, knocking shares in group companies.
World shares remain near record peaks
World stocks remained just off record highs on Wednesday after climbing for five straight sessions, while Britain’s pound nursed heavy losses as Brexit uncertainty returned.
AIG names COO Peter Zaffino as president
American International Group Inc on Thursday named Peter Zaffino, the executive overseeing a turnaround effort of the company’s general insurance unit, as the company’s president.
Saturday before Christmas expected to be the biggest U.S. shopping day of 2019
U.S. retailers are expected to ring up record sales on Super Saturday this year, as fewer days than usual between Thanksgiving and Christmas have squeezed shoppers to finish their purchases.
Oil falls as U.S. inventories rise but demand hopes stem bigger drop
Oil prices fell on Wednesday after U.S. industry data showed a surprise build up in crude inventories but losses were kept in check by expectations for an uptick in demand next year on the back of progress in resolving the U.S.-China trade row.
