Lawyers seek $26 million in Volkswagen U.S. fuel economy settlement
Lawyers for owners of 98,000 Volkswagen AG U.S. vehicles that had fuel economy labels that overstated efficiency will ask a U.S. judge for $26 million in attorney’s fees and costs, court documents show.
U.S. stock futures fall as new tariffs darken global outlook
Wall Street stock futures weakened in early trade on Monday, setting a dour tone for Asian markets after tit-for-tat tariffs between the United States and China took effect, reinforcing investors’ gloomy expectations for global growth prospects.
World of Warcraft nostalgia to boost Activision Blizzard: Barron’s
The initial reception for a re-launched version of a classic video game points to potential stock price growth of Activision Blizzard Inc, with new titles from key franchises also bolstering the company’s outlook, according to Barron’s.
China, U.S. kick off new round of tariffs in trade war
The United States began imposing 15% tariffs on a variety of Chinese goods on Sunday – including footwear, smart watches and flat-panel televisions – as China began imposing new duties on U.S. crude, the latest escalation in a bruising trade war.
China starts to impose additional tariffs on some U.S. goods
China on Sunday started to impose additional tariffs on some of the U.S. goods on a $75-billion target list, with effect from 0401 GMT.
China, U.S. to collect additional tariffs on each other’s goods
China and the United States will begin imposing additional tariffs on each other’s goods on Sunday, the latest escalation in a bruising trade war despite signs talks would resume sometime this month.
Philip Green prepares to break up his Arcadia Group: Sunday Times
Philip Green is preparing to break up his Topshop-to-Dorothy Perkins fashion empire, the Sunday Times reported citing unidentified sources.
Delays expected at Amsterdam’s Schiphol Airport as KLM ground staff strike
Ground staff for the Dutch arm of Air France KLM SA are set to strike on Monday morning at Amsterdam’s Schiphol Airport, likely causing delays and canceled flights, the Dutch union FNV said Saturday.
Factbox: Next rounds of Trump’s tariffs on Chinese goods to hit consumers
U.S. President Donald Trump’s next round of tariffs on Chinese imports is scheduled to take effect starting on Sunday, escalating the trade war between the world’s two largest economies with a big hit to consumer goods.
China’s factory activity shrinks for fourth month as trade woes deepen
Factory activity in China shrank in August for the fourth month in a row as the United States ramped up trade pressure and domestic demand remained sluggish, pointing to a further slowdown in the world’s second-largest economy.
