Waymo eyes deploying self-driving technology in trucking: CEO Krafcik
Waymo is exploring deploying its self-driving technology in the trucking industry, CEO John Krafcik said on Thursday, as it works with industry partners to seize a commercial opportunity from a looming shortage of human drivers.
Mexico’s $5 billion debt bailout for Pemex ‘a one off’: deputy minister
Mexico’s $5 billion rescue package to pay down debt at Pemex [PEMX.UL] is a one-of-a-kind transaction that should give the struggling state oil company breathing space to focus on output and costs, Deputy Finance Minister Gabriel Yorio said.
China says firms have started inquiring about U.S. agri buys
China’s Commerce Ministry said on Thursday that Chinese companies have started to inquire about prices for U.S. agricultural goods purchases, in a further sign of a thaw emerging in a bitter trade war between the two countries.
BAT cutting 2,300 jobs as new CEO Bowles spurs changes
British American Tobacco Plc said on Thursday it would lay off 2,300 employees globally by January, about 4% of its workforce, as the world’s second largest tobacco company by sales focuses on newer smoking options such as e-cigarettes.
Nissan China head, turnaround executive among top candidates for CEO: sources
The head of Nissan Motor Co’s China business and an executive tasked with leading its revival have emerged as two of the top candidates to take over as the next CEO of the troubled Japanese automaker, four people familiar with the matter said.
As trade war deepens, a state-owned insurer in China helps soften the blow
As the U.S.-China trade war intensifies, an insurance company run by the Chinese government is stepping in to support Chinese exporters, providing low cost coverage and chasing down U.S. importers unwilling or unable to pay mounting tariffs.
AB InBev set to revive Budweiser Asia IPO with $5 billion float: sources
Anheuser-Busch InBev is planning to raise about $5 billion from a revived float of its Asian operations after the world’s largest beer maker shelved a Hong Kong IPO in July, people with knowledge of the matter said.
Amid U.S. vaping crackdown, Juul enters China with online store openings
U.S. e-cigarettes maker Juul Labs Inc, which faces a widening crackdown on vaping at home, has entered China, with online storefronts on e-commerce sites owned by Alibaba Group and JD.com to tap the world’s largest market of smokers.
BAT plans to cut 2,300 jobs by Jan 2020
British American Tobacco Plc said on Thursday it would lay off 2,300 employees globally by January as the world’s second largest tobacco company by sales looks to streamline its operations.
Hong Kong exchange shares fall as political risks of $39 billion LSE approach weigh
Shares in the Hong Kong stock exchange fell more than 3% on Thursday as investors cast doubt on the merits of its $39 billion takeover approach to London Stock Exchange Plc (LSE) , a deal that would create a global financial giant.
