Oil rises on signs of warming U.S.-China tensions, military action in Syria
Oil prices rose on Wednesday following media reports that China was open to a partial trade deal with the United States and after Turkey launched a military operation in northern Syria, but a build in U.S. crude inventories limited gains.
Consumer Reports calls Tesla automated parking ‘glitchy’
Tesla Inc’s Smart Summon automated parking system is “glitchy” and only works intermittently, influential U.S. magazine Consumer Reports has said, adding to recent questions about the app-based feature.
Ginkgo Bioworks raises $350 million fund for biotech spinouts
Biotechnology start-up Ginkgo Bioworks said on Wednesday that it had raised a $350 million fund to more easily invest in spinout ventures that use its bio-engineering technology in a variety of industries that are just starting to use cutting edge biol…
Renault management shake-up on the cards: source
A senior management shake-up at Renault is on the cards, a source close to the French government, a major shareholder in the carmaker, said on Wednesday after a newspaper reported that CEO Thierry Bollore was set to be replaced.
Vodafone to close more than 1,000 stores
Vodafone will shut 15% of its 7,700 stores and upgrade some of the remaining outlets as customers buy more online and change their expectations of in-store shopping, chief executive Nick Read said on Tuesday.
Tech stocks boost Wall Street as reports bolster hopes of trade deal
A rally in technology stocks boosted Wall Street on Wednesday, as investors cheered media reports signaling an ease in trade tensions between the United States and China ahead of high-level talks starting Thursday.
Gingko Bioworks raises $350 million fund for biotech spinouts
Biotechnology start-up Ginkgo Bioworks said on Wednesday that it had raised a $350 million fund to more easily invest in spinout ventures that use its bio-engineering technology in a variety of industries that are just starting to use cutting edge biol…
American Airlines cancels 737 MAX flights until Jan. 16
American Airlines Group Inc on Wednesday extended cancellations of Boeing 737 MAX flights through Jan. 15, running contrary to the U.S. planemaker’s promises that the grounded jets would be flying again before the year-end.
Multinationals risk heftier tax hit in biggest overhaul for decades
Governments will get more power to tax big multinationals like Google, Apple and Facebook doing business in their countries under a proposed overhaul of decades-old rules.
Fitbit to shift manufacturing operations outside of China from January
Wearable device maker Fitbit Inc said on Wednesday it plans to shift its manufacturing operations outside of China for effectively all of its trackers and smart watches from January, in response to the ongoing tariff threat.
