Huawei CFO’s phone passcodes were shared to Canada police in ‘error’: document
Canada’s border security agency admitted making an “error” while sharing passcodes of phones belonging to Huawei chief financial officer Meng Wanzhou with Canadian federal police, according to document filed as part of a hearing in a British Columbia …
Pick-up trucks remain mainstay for Detroit Three in third quarter
The Big Three U.S. automakers on Wednesday reported a rise in sales of pick-up trucks for the third quarter as lower interest rates boosted demand in an otherwise sluggish auto market.
Airbus hits four-month low after WTO ruling; Pernod falls
Airbus shares fell to four-month lows and Pernod Ricard SA extended losses on Wednesday after Washington won approval to impose tariffs on $7.5 billion worth of European goods, opening a new front in the global trade war.
U.S. wins backing for tariffs on Europe in Airbus clash
The United States won approval on Wednesday to slap import tariffs on $7.5 billion worth of European goods over illegal EU subsidies handed to Airbus, threatening to trigger a tit-for-tat transatlantic trade war as the global economy falters.
London forex trader sues Citigroup over ‘malicious’ forex prosecution
A London-based former Citigroup trader is suing the U.S. bank for more than $112 million, alleging it made materially false and malicious statements to U.S. prosecutors that led to his trial in New York on foreign exchange-rigging charges.
Wall Street eyes steepest slide in nearly six weeks on growth worries
U.S. stocks fell to more than a one-month low and were set to post their sharpest drop in nearly six weeks on Wednesday, as monthly private sector hiring slowed, amplifying fears that the trade war with China was hurting the United States.
Oil slides 2.5% as U.S. inventories build, weak economic data weighs
Oil prices fell more than 2.5% on Wednesday after official data showed a rise in U.S. crude inventories, adding to worries about an oversupplied market as weak economic readings in the United States depressed global markets.
Job done – Tesco boss to quit next year
Tesco boss Dave Lewis, credited with saving Britain’s biggest retailer from collapse in 2014, will step down next summer after declaring its turnaround complete, handing over to a relative unknown catapulted into one of the sector’s top jobs.
Global stocks fall to lowest in month on U.S. growth worries
World equity benchmarks hit their lowest levels in a month on Wednesday as signs of a slowdown in U.S. economic growth and weak earnings in Europe fanned fears that the U.S.-China trade war could push the global economy into a recession.
German businesses urge EU to protect them after latest WTO decision
Germany’s DIHK chambers of commerce on Wednesday urged the European Union to act strongly in order to protect their interests in a tariff row between the EU and the United States, reacting to the World Trade Organization’s (WTO) latest decision.
