U.S. exports to China to nearly double in ‘totally done’ trade deal: Lighthizer
The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is “totally done” despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on Sunday.
Mexico will never accept ‘disguised’ labor inspectors under USMCA: foreign minister
Mexico’s deputy foreign minister for North America, Jesus Seade, on Sunday attempted to rebut claims his country would be subject to labor enforcement inspectors from other countries as part of the new North American trade deal.
Electrolux to incur $70 million charge for U.S. overhaul
Swedish appliance maker Electrolux AB on Sunday said its North American business will incur costs of about $70 million in fourth quarter as part of costs incurred to move into a new facility in South Carolina.
German union calls for pre-Christmas Amazon strike
Trade union Verdi called for workers at a key Amazon logistics center in Germany to go on strike over the crucial final shopping days before Christmas, demanding better pay and conditions for workers there.
U.S.-China trade deal ‘totally done,’ will expand U.S. exports: Lighthizer
The “phase one” U.S.-China trade deal will nearly double U.S. exports to China over the next two years and is “totally done” despite the need for translation and revisions to its text, U.S. Trade Representative Robert Lighthizer said on Sunday.
China suspends planned tariffs scheduled for December 15 on some U.S. goods
China has suspended additional tariffs on some U.S. goods that were meant to be implemented on Dec. 15, the State Council’s customs tariff commission said on Sunday, after the world’s two largest economies agreed a “phase one” trade deal on Friday.
Aramco shares up 1.6% in third consecutive day of gains
Saudi Aramco shares gained for a third consecutive day on Sunday, rising 1.63% to 37.4 Saudi riyal ($9.97), pushing the company’s value back toward the $2 trillion level it topped last week.
Telenor says Huawei will still play role in 5G rollout
Telenor reiterated on Sunday Huawei would be involved in building Norway’s 5G network along with Ericsson , one of several companies to continue working with the Chinese company despite U.S. pressure.
Villains or visionaries? Hedge funds short companies they say ‘greenwash’
Tens of trillions of global investment dollars are pouring into companies touting robust environmental, social and governance credentials. Now short-sellers spy an opportunity.
Exclusive: China’s BAIC raising Daimler stake to unseat Geely as top shareholder – sources
Daimler’s main China joint venture partner BAIC Group [BEJINS.UL] has set in motion a plan to double its stake to around 10% and win a board seat in the German luxury car maker, as it aims to upstage rival Geely, two sources told Reuters.
