U.S. ‘falling behind’ in global race to develop electric vehicle supply chain
The United States is losing the race to extract and refine minerals used to make electric vehicles and should do more to spur domestic production, a bipartisan group of senators said on Tuesday.
U.S. banking regulator proposes easing post-crisis derivatives rules for big banks
A U.S. banking regulator Tuesday proposed easing a post-credit crisis rule on how much cash big banks should set aside to safeguard derivatives trades between affiliates, marking one of the biggest wins for Wall Street lenders under the Trump administr…
Amazon starts hiring own drivers in German last-mile delivery push
Amazon has begun hiring its own drivers in Germany and plans to open 11 more distribution centers to expand its delivery business in its second biggest market, the firm’s German logistics chief said in an interview.
HSBC has started ‘strategic review’ of French retail operation: unions
HSBC has initiated a strategic review of its French retail operation, French unions said on Tuesday.
White House says not involved in contract talks with GM, UAW union
The White House is not involved in contract talks with General Motors Co and the United Auto Workers union, aimed at ending a nationwide strike that began late on Sunday, a White House spokesman and GM said.
Exclusive: Buyout firm CD&R pursues bid with PPG for Buffett-backed Axalta – sources
Buyout firm Clayton, Dubilier & Rice LLC is in talks to partner with U.S. paint maker PPG Industries Inc to make an acquisition offer for Axalta Coating Systems Inc, the U.S. coatings company whose largest shareholder is Warren Buffett’s Berkshire Hathaway Inc, people familiar with the matter said on Monday.
Walmart likely discriminated against female workers, U.S. agency says
Walmart Inc likely discriminated against 178 female workers by paying them less, denying them promotions or both, because of their gender, the U.S. Equal Employment Opportunity Commission said in memos seen by Reuters.
U.S. manufacturing production rebounds, outlook remains weak
U.S. manufacturing output increased solidly in August, boosted by a surge in the production of machinery and other goods, but the outlook for factories remains weak amid rising headwinds from trade tensions and slowing global economies.
Juul’s sales halted in China days after launch
U.S. e-cigarette maker Juul Labs Inc said on Tuesday its products were not currently available on e-commerce web sites in China, days after it entered the world’s single-largest market for tobacco consumption with over 300 million smokers.
Total CEO: Attack on Saudi oil facilities will have consequences
Total CEO Patrick Pouyanne said on Tuesday last weekend’s attacks on Saudi oil production facilities will have consequences, adding that he feared the situation in the Middle East might deteriorate further.
