U.S. Justice Dept sets up anti-price collusion ‘strike force’
The Justice Department said on Tuesday it had created a strike force that will identify and prosecute companies that fix prices or collude to push up the cost of billions of dollars’ worth of U.S. government purchases.
Asian markets tread water as investors await clues on trade
Asian shares were little changed on Wednesday as investors awaited new developments toward scaling back a bruising trade war between the United States and China.
Iowa? Greece? Where Trump and Xi may meet becomes new trade deal issue
The United States and China are working to narrow their differences enough to sign a “phase one” trade deal as early as this month, but suggestions for a signing venue range from Alaska to Greece.
In review of fatal Arizona crash, U.S. agency says Uber software had flaws
An Uber self-driving test vehicle that struck and killed an Arizona woman in 2018 had software flaws, the National Transportation Safety Board said Tuesday as it disclosed the company’s autonomous test vehicles were involved in 37 crashes over the prio…
Virgin Australia to cut domestic capacity by 2%, axe a Hong Kong route
Virgin Australia Holdings Ltd plans to cut domestic capacity by at least 2% in the second half of the 2020 financial year, axe its Melbourne-Hong Kong route and remove five aircraft from its fleet, its chief executive said on Wednesday.
Tinder-owner Match forecast hit by rising competition, shares down
Tinder-owner Match Group Inc forecast fourth-quarter revenue below Wall Street estimates on Tuesday as it faces stiff competition from rival online dating services, sending its shares down about 15% in extended trading.
Struggling Norwegian Air raises $272 million from share sale, bond issue
Norwegian Air on Tuesday raised 2.5 billion crowns ($272.31 million) to meet the struggling airline’s cash needs through 2020 with its third share sale in two years and a bond issue.
TikTok stresses its independence from China but U.S. lawmakers are unconvinced
TikTok, a video app popular with teens, stressed its independence from China in a letter to U.S. lawmakers but failed to convince Senator Josh Hawley, who chaired a hearing on Tuesday on the security of U.S. citizens’ personal data.
Trump-Xi meeting in Iowa would be poignant reminder of better U.S.-China ties
U.S. President Donald Trump’s suggestion that he could sign a trade deal with Chinese President Xi Jinping in Iowa has set off a flurry of excitement in Muscatine, Iowa, a city on the banks of the Mississippi River that has hosted Xi twice since 1985.
Trade hopes lift dollar, crude; doubts slow stock rally
The U.S. dollar and crude prices rose on Tuesday, spurred by optimism that a U.S.-China trade deal may be near, but a rally in global equity markets paused after China pressed U.S. President Donald Trump to remove recently imposed tariffs.
