Germany welcomes Tesla’s Berlin move as boost to e-car shift
The German government on Wednesday welcomed Tesla’s decision to set up shop in Berlin, a move it believes will turbo-charge the country’s shift into the electric car era even as costs of running a business in Europe’s largest economy remain high.
Global shares, bond yields slip on sour trade deal sentiment
Global equity markets and government bond yields fell on Wednesday as sentiment soured that a U.S.-China trade deal can be reached soon and on fears intensifying unrest in Hong Kong may lead to a Chinese crackdown.
Oil is our gold and we aim to use all of it, ADNOC official says
Abu Dhabi National Oil Co aims to exhaust its vast oil and gas reserves even as many consumers switch to cleaner sources of energy, a senior executive in the Gulf oil company said.
London forex trader accuses Citigroup of unfair dismissal
A former top Citigroup trader, who was fired in 2014 but acquitted of foreign exchange-rigging charges after a trial in New York, told a London employment tribunal he was unfairly dismissed despite being in the “eye of the storm” at the time.
Airbus says A400M technical issues not safety critical
Airbus said on Wednesday that technical issues in its A400M planes that had prompted Germany to refuse delivery of two of the aircraft were not safety critical.
Wall Street slips on trade worries, Hong Kong unrest
Wall Street edged lower on Wednesday as President Donald Trump’s threat to “substantially” raise tariffs if China did not make a trade deal with the United States as well as escalating tensions in Hong Kong kept investors away from riskier assets.
Mediation between Bayer, plaintiffs seeks to clarify all justified claims: U.S. mediator
Mediation between Bayer and plaintiffs in the United States aims to clarify all justified claims related to Roundup herbicide both at the national and state level, mediator Ken Feinberg told a German magazine.
German auto lobby to pick utility manager Hildegard Mueller as president: report
The German carmakers lobby VDA is set to appoint conservative politician and former Innogy board member Hildegard Mueller as president, Berlin daily newspaper Der Tagesspiegel reported on Wednesday, citing sources.
Rising healthcare costs power U.S. consumer inflation
U.S. consumer prices jumped by the most in seven months in October, which together with abating fears of a recession, support the Federal Reserve’s signal for no further interest rate cuts in the near term.
Alibaba’s Jack Ma says Singles’ Day shopping results miss expectations
Alibaba Group Holding Inc co-founder Jack Ma said on Wednesday results from the Singles’ Day annual online shopping festival had missed the Chinese e-commerce giant’s expectations.
