GE says French plant set for layoffs will not close down
A General Electric (GE) factory in eastern France where the U.S. group is planning job cuts will not close down, and the firm is looking into alternatives there including building aeronautical parts, GE’s French boss said in a media interview.
Mexican president hints at migration concessions to defuse U.S. trade spat
Mexico’s president on Saturday hinted his country could tighten migration controls to defuse U.S. President Donald Trump’s threat to impose tariffs on Mexican goods, and said he expected “good results” from talks planned in Washington next week.
Warren Buffett charity lunch fetches record $4.57 million winning bid
An anonymous bidder has agreed to pay a record $4,567,888 at an annual charity auction to have a private lunch with Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc.
China to probe FedEx after Huawei says parcels diverted
China will investigate whether FedEx Corp <FDX damaged the legal rights and interests of its clients, the official Xinhua news agency said on Saturday, after Chinese telecoms giant Huawei said parcels intended for it were diverted.
Mexican president expects good results from U.S. talks on tariffs
Mexican President Andres Manuel Lopez Obrador said on Saturday he was encouraged by U.S. willingness to have dialogue over a plan by President Donald Trump to impose tariffs on Mexican goods and said he expected good results from a meeting in the comin…
Budget airlines the flavor of South Korean aviation market, Jeju travel booms
Kim Bo-Min, a Starbucks barista, paid 140,000 won ($118) for a round-trip from her hometown of Daegu to the popular resort island of Jeju, arriving on T’Way Air Co Ltd, part of South Korea’s rapidly growing low-cost airline sector.
China to investigate whether FedEx harmed client interests: Xinhua
China will open an investigation into whether FedEx Corp damaged the legal rights and interests of its clients, the official Xinhua news agency reported on Saturday.
U.S. begins collecting higher tariffs on Chinese goods arriving by sea
The United States began collecting higher, 25% tariffs on many Chinese goods arriving in U.S. seaports on Saturday morning in an intensification of the trade war between the world’s two largest economies and drawing retaliation from Beijing.
China to issue white paper on trade talks with U.S. on Sunday
The information office of China’s State Council, or cabinet, said it would release a white paper on U.S.-China trade talks on Sunday, the official Xinhua news agency reported.
India plays down Trump decision to remove U.S. trade privileges
The Indian government said on Saturday it will continue to seek to build strong economic ties with the United States despite a decision by U.S. President Donald Trump to end preferential trade treatment for India from June 5.
