Publicis pays $4.4 billion for Epsilon to extend digital reach
Publicis will pay $4.4 billion to acquire Alliance Data’s Epsilon marketing unit, the French advertising group said on Sunday, expanding its digital business and North American footprint.
VW to launch Tesla X rival for China in 2021
Volkswagen said on Sunday it will build a fully electric sports utility vehicle for the Chinese market from 2021, entering a segment dominated by Tesla’s Model X.
Facebook down for some users: Downdetector.com
Facebook Inc’s social networking site is inaccessible to some users across the world on Sunday, according to Downdetector.com, a website which monitors outages.
As Trump pressures Powell, Wall Street gives Fed a passing grade
As President Donald Trump keeps up his attacks on the Federal Reserve’s policies, Wall Street is cautiously embracing them, giving a passing grade to the Fed’s communication since its shift in January to a “patient” approach on rate hikes.
Would a political Fed rescue the world?
As a financial crisis spread across the globe in September of 2008, the U.S. Federal Reserve gathered in an emergency atmosphere as requests flooded in from other central banks for access to dollars.
Over 1,000 Jet Airways pilots not to fly from Monday due to unpaid salaries
More than a thousand pilots of India’s debt-laden Jet Airways will not fly from Monday as they have not been paid salaries for the past three months, the President of the National Aviators Guild said on Sunday.
German motor authority probes more Mercedes emissions software: Bild
Germany’s motor vehicle authority KBA is investigating Daimler on suspicion that 60,000 Mercedes cars were fitted with software aimed at tricking emissions tests, the Bild am Sonntag newspaper reported on Sunday.
ECB’s Draghi worried about Fed’s independence
European Central Bank President Mario Draghi expressed concern on Saturday about the U.S. Federal Reserve’s independence, warning that a loss of its autonomy could undermine the credibility of policy.
World’s largest plane makes first flight over California
The world’s largest aircraft took off over the Mojave Desert in California on Saturday, the first flight for the carbon-composite plane built by Stratolaunch Systems Corp, started by late Microsoft co-founder Paul Allen, as the company enters the lucra…
Mnuchin says hopes U.S.-China trade talks nearing ‘final round’
U.S. Treasury Secretary Steven Mnuchin said on Saturday a U.S.-China trade agreement would go “way beyond” previous efforts to open China’s markets to U.S. companies and hoped that the two sides were “close to the final round” of negotiations.
