The high-tech trade dispute rooted in Japan’s wartime history
Japan has tightened curbs on exports of high-tech materials used in smartphone displays and chips to South Korea, upping the ante in a decades-old dispute with Seoul over South Koreans forced to work for Japanese firms during World War Two.
Thyssenkrupp says it still wants to float its elevators unit
Thyssenkrupp on Monday said it was sticking to plans to float its elevator business after a media report said the conglomerate was planning to start talks in autumn on selling the unit.
Oil steadies as demand concern counters Middle East tensions
Oil prices steadied on Monday as tensions over Iran’s nuclear program were tempered by global economic growth concerns and consequently oil demand.
Deutsche Bank capital-boosting debt dips on restructuring fears
Deutsche Bank’s capital-boosting Additional Tier I (AT1) debt issues fell on Monday on worries over future challenges Germany’s biggest lender may face in a planned overhaul.
Deutsche Bank begins 18,000 job cull in $8.3 billion reinvention
Deutsche Bank laid off staff in Asia on Monday as it began cutting 18,000 jobs as part of a 7.4 billion euro ($8.3 billion) “reinvention” set to tip Germany’s largest lender into yet another annual loss.
Waymo tests Wi-Fi in driverless taxis hoping perks can route it past rivals
Waymo is rolling out amenities to entice riders to use its self-driving taxis, creating a potential route to profitability in a money-losing industry.
Huawei outlines investment plans in Poland depending on 5G role
Huawei aims to spend 3 billion zlotys ($793 million) in Poland in the next five years, although whether the Chinese firm has a role in the 5G rollout may affect the scale of investment, an official at the group’s Polish unit said.
U.S. financier Epstein expected to be charged in sex trafficking case -source
Federal prosecutors in New York on Monday are expected to announce charges against financier Jeffrey Epstein related to sex trafficking of underage girls, a source familiar with the matter said, more than a decade after he avoided similar charges in Fl…
Russia plans to make 200 more Sukhoi jets despite crash: minister
Russia plans to produce at least another 200 Sukhoi Superjet 100 aircraft, Industry Minister Denis Manturov told Reuters, despite a fatal crash that raised questions about the future of the country’s first new passenger jet since the Soviet Union.
Oil rises as tensions around Iran’s nuclear program simmer
Oil prices rose on Monday, boosted by escalating tensions around Iran’s nuclear program and better-than-expected U.S. jobs data.
