Take Five: A spanner in the global economic works
Can we have it both ways? For two decades, trade expansion has fueled rapid global economic growth. But with trade volumes contracting at a rate of more than 1% year-on-year and the Sino-U.S trade war nearing its two-year anniversary, world growth will…
U.S. factory and services activity quicken in November: Markit
U.S. manufacturing output accelerated in November to its fastest pace in seven months and services activity also picked up more than expected, a survey of purchasing managers showed on Friday in a sign of the continued resilience of the U.S. economy in…
Aerospace suppliers prepare for prolonged grounding of 737 MAX
Makers of aircraft parts are making contingency plans for a prolonged grounding of Boeing’s 737 MAX, with several expecting the jet’s return to service to take longer than the planemaker hopes.
Prosus CEO remains confident in bid for Just Eat
Technology company Prosus remains confident about its bid for British meal delivery business Just Eat , Chief Executive Bob van Dijk said on Friday, despite an increase in the value of rival Takeaway.com’s all-share bid.
Shattered glass: Futuristic design questioned after Tesla Cybertruck launch
Tesla Inc’s launch of its futuristic Cybertruck pickup suffered a setback when its “armored glass” windows shattered, but it was the overall look of the electric vehicle that worried Wall Street on Friday, driving the automaker’s shares down 6%.
Wall Street set for higher open as U.S.-China trade optimism returns
Wall Street was set to open higher on Friday as latest comments from China and U.S. President Donald Trump lifted hopes of a trade deal after conflicting headlines this week knocked stock indexes off record highs.
Trump says we have a deal with China, ‘potentially very close’
U.S. President Donald Trump said on Friday that a trade deal with China is “potentially very close” and that he stands with both the people of Hong Kong and Chinese President Xi Jinping amid massive protests in Hong Kong.
Bitcoin plummets to a six-month low on China crackdown
Bitcoin slumped to a six-month low on Friday after China’s central bank launched a fresh crackdown on cryptocurrencies, warning of the risks entailed in issuing or trading them.
South African Airways agrees deal to end eight-day strike
South African Airways (SAA) reached a deal on wages with two trade unions on Friday to end an eight-day strike that has weighed on the cash-strapped state airline.
Uber still in the dark on London taxi license renewal, three days before expiry
Uber is waiting to find out whether its taxi license in London, one of its most important markets, will be renewed, just three days before it is due to expire in the latest stage of a long-running battle with the city’s transport regulator.
