Exclusive: Some big tech firms cut employees’ access to Huawei, muddying 5G rollout
Some of the world’s biggest tech companies have told their employees to stop talking about technology and technical standards with counterparts at Huawei Technologies Co Ltd in response to the recent U.S. blacklisting of the Chinese tech firm, accordin…
Thomas Cook in talks with China’s Fosun over tour operator sale
Thomas Cook has received a preliminary approach for its tour operations from its biggest shareholder, China’s Fosun Tourism, sending shares in the struggling British travel group up 20 percent.
Oil rises on supply cuts, but weak economy holds market back
Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should restrict supplies to current levels, while Washington’s withdrawal of a tariff threat against Mexico removed a cloud over the global economy.
Renault, Nissan spar over governance reforms as tie-up strains worsen
Renault has signaled it will block alliance partner Nissan from adopting planned governance reforms unless the French automaker gets more say in the new system, a demand which Nissan said was “most regrettable” and which one source derided as a potenti…
Global stocks climb on trade, rate cut optimism; yuan falters
European shares followed Asian stocks higher on Monday after the United States shelved plans to impose tariffs on Mexico and as investors anticipated lower U.S. interest rates when the Federal Reserve meets next week on the back of poor jobs data.
Roche’s $4.3 billion Spark bid delayed again amid U.S., UK scrutiny
Swiss drugmaker Roche’s $4.3 billion takeover of U.S. gene therapy specialist Spark Therapeutics has been pushed back again, possibly beyond the first half, as regulators continue to scrutinize the deal for its effect on competition.
Renault, Nissan spar over governance reforms as tie-up strains worsen: sources
Renault has signaled it will block alliance partner Nissan from adopting planned governance reforms unless it gets a seat on new board committees, sources said, a demand one person at the Japanese automaker derided as a potential conflict of interest.
Oil rises as Saudi sees producers sticking with ongoing supply cuts
Oil prices rose on Monday after Saudi Arabia said producer club OPEC and Russia should keep supplies restricted at current levels, and in relief that the United States withdrew a tariff threat against Mexico, removing a cloud over the global economy.
China exports grow despite U.S. tariffs, but import slump most in nearly three years
China’s exports unexpectedly returned to growth in May despite higher U.S. tariffs, but imports fell the most in nearly three years in a further sign of weak domestic demand that could prompt Beijing to step up stimulus measures.
Aurora partners with Fiat Chrysler over self-driving tech
Self-driving car software startup Aurora said on Sunday it would partner with Fiat Chrysler to build autonomous platforms for commercial vehicles, the latest collaboration with an automaker for the fast-growing Silicon Valley company.
