German carmaker Audi to increase engine production in Hungary: minister
German carmaker Audi will increase the production of engines at its Hungarian factory to 2.25 million units next year, Hungarian Foreign Minister Peter Szijjarto said on Monday.
U.S. urged to invest more in AI as China gains ground: report
U.S. government funding in artificial intelligence has fallen short and the country needs to invest in research, train an AI-ready workforce and apply the technology to national security missions, an independent government-commissioned panel said in an…
Trade deal hopes propel Wall Street to record high
Wall Street’s three main indexes hit record highs on Monday, lifted by gains in energy and technology stocks on hopes of a U.S.-China trade deal and an improving domestic economy.
McDonald’s says Easterbrook eligible for six months severance pay
McDonald’s Corp said on Monday former Chief Executive Officer Steve Easterbrook was eligible for six months of severance pay, as part of his termination agreement with the company.
Oil rises more than 1% on U.S.-China hopes and improved outlook
Oil prices rose more than 1% on Monday, buoyed by an improved outlook for crude demand as better-than-expected U.S. jobs growth added to market hopes a preliminary U.S.-China trade deal would be reached this month.
Ferrari looks to capitalize on brand name as it promises faster growth
Strong sales of Ferrari’s Portofino and 812 Superfast models enabled the Italian luxury carmaker to raise its outlook on Monday, with a new brand strategy promising even more growth.
Boeing’s MAX likely to return to European service in first-quarter: regulator
Boeing’s grounded 737 MAX airliner is likely to return to service in Europe during the first quarter of 2020, the head of the European Union Aviation Safety Agency (EASA) said on Monday.
Lion Air aims for up to $1 billion listing in early 2020: sources
Lion Air is targeting a flotation of up to $1 billion in the first quarter of 2020, several sources close to the matter said, as the Indonesian airline resumes growth after a year dominated by the fatal crash of one of its Boeing 737 MAX jets.
Fed’s Powell to testify on economy on November 13
Federal Reserve Chair Jerome Powell will testify on the economy before Congress on November 13, the congressional Joint Economic Committee said on Monday.
Wall Street hits record high on energy, tech boost
Gains in technology and energy shares pushed Wall Street’s three main indexes to record highs on Monday, as hopes of a U.S.-China trade deal and an improving domestic economy boosted risk appetite.
