Oil inches down as inventory data counters trade deal hopes
Oil prices ticked down on Wednesday as data suggesting a smaller-than-expected fall in U.S. crude inventories countered support from hopes for a U.S.-China trade deal.
Adidas three-stripe trademark ruled invalid by EU court
Adidas’ three-stripes have been ruled invalid as a trademark by a European Union court which said they lacked a distinctive character recognizable throughout the 28-country bloc.
Britain’s Tesco says no timetable for ‘finest’ store launch
Tesco, Britain’s biggest retailer, said it is considering a trial of an upmarket convenience store under the ‘Tesco finest’ banner but has not disclosed when or where a pilot will be launched.
Wizz Air CEO looks to connect the dots with new long-range A321s
Wizz Air will use 20 new extended-range, narrow body Airbus jets primarily to connect existing destinations in its disparate network rather than to fly to new places, the budget airline’s Chief Executive Jozsef Varadi said on Wednesday.
CDB Aviation places order for CFM’s LEAP-1A engines worth over $1.3 billion
CDB Aviation has placed an order for CFM International’s LEAP-1A engines worth more than $1.3 billion at list prices, said CFM shareholder Safran.
China’s Geely selects Swedish software firm as driverless car supplier
China’s Geely has picked Zenuity, a joint venture between its Volvo car marque and Swedish technology group Veoneer, as its preferred supplier for assisted and self driving software.
After Boeing showstopper, Airbus bounces back with Franke deal
Airbus struck a 50-plane deal with veteran low-cost airline investor Bill Franke on Wednesday, bouncing back from the potential loss of a major customer a day earlier when IAG placed a lifeline order for Boeing’s grounded 737 MAX jet.
Boeing signs $100 million in services deals at order-light air show
Boeing Co seized on a lull in firm orders for passenger jets to sign more than $100 million in contracts for digital services for its newer but fast-growing global unit as the Paris Airshow enters a third day on Wednesday.
EU clears 431 million euros aid for cleaner transport in German cities
The European Commission said on Wednesday it had cleared 431 million euros ($482.8 million) of public support by German authorities to cities to adapt diesel-powered municipal and commercial vehicles to reduce their nitrogen oxide emissions.
Apple explores moving 15-30% of production capacity from China: Nikkei
Apple Inc has asked its major suppliers to assess the cost implications of moving 15%-30% of their production capacity from China to Southeast Asia as it prepares for a restructuring of its supply chain, according to a Nikkei Asian Review report on Wed…
