Lufthansa cancels 700 flights on first day of cabin crew walkout
Lufthansa flight attendants went on a 48-hour strike over pay and pensions on Thursday, forcing the biggest German airline to cancel hundreds of flights.
China says it has agreed with U.S. to cancel tariffs in phases
China and the United States have agreed to cancel in phases the tariffs imposed during their months-long trade war, the Chinese commerce ministry said on Thursday, without specifying a timetable.
Oil rebounds on fresh hopes for U.S.-China trade deal
Oil prices rose on Thursday amid new hints from China on progress towards a trade deal with the United States, offsetting downward pressure from a huge increase in U.S. crude stockpiles.
China says some tariffs must be canceled on both sides for trade deal with U.S.
China and the United States must simultaneously cancel some existing tariffs on each other’s goods for both sides to reach a “phase one” trade deal, the Chinese commerce ministry said on Thursday.
Toyota unveils $1.8 billion share buyback after strong second-quarter profits
Toyota Motor Corp unveiled plans for a $1.8 billion share buyback on Thursday, after reporting a more-than-expected quarterly profit on better global sales and an improvement in its North American business.
China’s tobacco monopoly means big risks for e-cigarette startups
In a glass-walled laboratory, chemists puff on vaping devices as they test liquid nicotine flavors. Nearby, staffers with cartons of instant noodles on their desks tap away at laptops, messaging suppliers and customers.
Asia stocks frustrated as trade doubts resurface
Asian shares napped near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-U.S. trade deal left investors frustrated at the lack of concrete progress.
Oil market edgy on U.S. crude build, trade deal angst
Oil prices trod water on Thursday after losses in the previous session, as traders were cautious amid concerns over a potential delay in sealing a long-awaited interim U.S.-China trade deal and a huge increase of U.S. crude stockpiles.
Asia stocks stymied by trade talk frustration
Asian shares managed to cling near multi-month peaks on Thursday while bonds eked out a bounce as reports of delays in sealing a preliminary Sino-U.S. trade deal left investors frustrated at the lack of concrete progress.
Factbox: SoftBank’s ever-growing mountain of debt
SoftBank Group Corp has built a global conglomerate of telecoms and tech companies on an ever-growing mountain of debt that major rating agencies categorize as junk.
