Bayer to invest $5.6 billion in weedkiller research to help reputation
Germany’s Bayer sought to repair its reputation on Friday after damage caused by U.S. litigation over claims its glyphosate pesticide causes cancer, saying it would invest 5 billion euros ($5.6 billion) in weedkiller research.
China launches inquiry into FedEx parcel delivery errors: Xinhua
Chinese authorities have launched an investigation into FedEx Corp over parcels delivered to the wrong addresses, China’s official Xinhua news agency reported on Friday.
China data, Gulf tensions see bond yields slip, stocks suffer
World stocks struggled and safe haven bets were back in play on Friday with German bond yields plumbing record lows as Chinese data rekindled woes about the health of the global economy and fears of a new U.S.-Iran confrontation intensified.
India minister says confident airline capacity problems will be solved
India’s new civil aviation minister said on Friday he is confident that airline capacity shortage problems following the grounding of Jet Airways Ltd will be solved, in the government’s first comments about the issue since it was re-elected last month…
Exclusive: Hong Kong tycoons start moving assets offshore as fears rise over new extradition law
Some Hong Kong tycoons have started moving personal wealth offshore as concern deepens over a local government plan to allow extraditions of suspects to face trial in China for the first time, according to financial advisers, bankers and lawyers famili…
Oman Air plans Airbus talks unless Boeing provides 737 Max support plan
Oman Air CEO Abdulaziz Al Raisi plans to hold talks with Airbus if Boeing does not provide a support and recovery plan for its grounded 737 MAX planes before June 17, a statement by the Omani company said on Friday.
WeWork considers $1.9 billion offer for 70% stake in Indian affiliate: Bloomberg
Shared office space manager WeWork Cos is exploring a deal to take majority control of its affiliate WeWork India ahead of the New York-based company’s plans to go public, Bloomberg reported on Thursday, citing people familiar with the matter.
China sent official inquiry to FedEx regarding parcels delivery: Xinhua
Chinese authorities sent an official inquiry to FedEx Corp over parcels that were delivered incorrectly, China’s official Xinhua news agency reported on Friday.
How an Obama Fed appointee is scuttling Wall Street’s bid to ease rules
As a U.S. Federal Reserve governor, Lael Brainard gets only one vote on proposals that come before the central bank’s board. Over the past year, she has used it to combat the Trump administration’s efforts to ease rules for Wall Street.
Awake at the wheel: Automakers tap VR to banish boredom in autonomous cars
Audi, Nissan and other car makers are banking on talking cartoon characters and other virtual reality experiences to keep drivers and other occupants of future autonomous vehicles entertained, auto industry executives said.
