U.S. government staff told to treat Huawei as blacklisted
A senior U.S. official told the Commerce Department’s enforcement staff this week that China’s Huawei should still be treated as blacklisted, days after U.S. President Donald Trump sowed confusion with a vow to ease a ban on sales to the firm.
Asian shares weaken as trade optimism fades
Asian shares fell on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods.
Oil prices steady on extended supply cuts, U.S. stocks draw
Oil prices edged higher on Wednesday after a steep fall in the previous session, supported by extended output cuts by OPEC and its allies despite concerns that a slowing global economy could crimp demand.
Lee Iacocca, auto executive who saved Chrysler from bankruptcy, dies at 94
Lee Iacocca, the charismatic U.S. auto industry executive who gave America the Ford Mustang and was celebrated for saving Chrysler from going out of business, has died at the age of 94, Fiat Chrysler said.
‘I Am Chairman Of Chrysler Corporation Always’: 8 facts about Lee Iacocca
* Born Oct. 15, 1924, in Allentown, Pennsylvania, to Italian immigrants, Iacocca went to work for the Ford Motor Co as an engineer after finishing college. Not long afterward, he switched to Ford’s marketing and sales side.
Quotes from Lee Iacocca about U.S. leadership, borrowing money and Henry Ford
Lee Iacocca was known for never holding back an opinion. Here are a few of his notable quotes:
Asian shares subdued as trade enthusiasm ebbs
Asian shares were subdued on Wednesday as initial enthusiasm over the latest U.S.-China trade truce was overtaken by fresh concerns over Washington’s threat of tariffs on additional European goods.
Oil edges up after steep fall; OPEC cuts, stocks draw support
Oil prices edged higher on Wednesday, steadying after a more than 4% fall in the previous session, as extended output cuts by OPEC and its allies helped underpin prices despite growing concerns about weak demand.
U.S. judge to slash $80 million Roundup jury verdict: court hearing
A U.S. judge on Tuesday said he would reduce an $80 million damage award against Bayer AG to $50 million or less in the case of a man who blamed his cancer on glyphosate-based weed killer Roundup.
Amazon to add over 2,000 jobs in Britain this year
Amazon will add over 2,000 permanent jobs in Britain this year, taking the U.S. retail giant’s UK workforce to more than 29,500, it said on Wednesday.
