U.S. auto tariffs, no-deal Brexit are major risks for trade growth: WTO
The imposition of tariffs on U.S. imports of cars would have a bigger impact on the world economy than the U.S.-China trade war has had to date, while a “no deal” Brexit could also weigh on trade growth, the WTO’s chief economist said on Tuesday.
Ghosn’s lawyers say his trial must be separate from Nissan’s to ensure fairness
Lawyers for Carlos Ghosn asked a Tokyo court on Tuesday to try the ex-Nissan Motor Co boss separately from his former employer, arguing he would otherwise not get a fair hearing to fight charges of financial wrongdoing.
Swiss court backs Swatch in ‘Think Different’ row with Apple
A Swiss court has backed Swatch Group in a trademark row with Apple Inc over the watchmaker’s use of the “Tick different” slogan, which Apple had decried as an infringement of its “Think Different” advertising campaign.
Microsoft and BMW launch open manufacturing platform
Microsoft Corp and BMW Group on Tuesday launched an initiative to create an Open Manufacturing Platform that seeks to stimulate industrial innovation and speed the development of connected ‘smart’ factories.
Maersk management given time to turn around ‘supertanker’
The main shareholder and the chairman of Danish shipping group A.P. Moller-Maersk both backed management’s efforts to reshape the business, although other investors raised concerns on Tuesday about the rate of progress.
Asda overtakes suitor Sainsbury to become UK’s No. 2 supermarket: Kantar
Sainsbury has lost its status as Britain’s No. 2 supermarket group by market share to takeover target Asda for the first time in four years, industry data showed on Tuesday.
Chinese tech giant Tencent plans $5 billion dollar bond sale: sources
Chinese social media and gaming giant Tencent Holdings is planning to raise about $5 billion in U.S. dollar-denominated bonds this week, two people with knowledge of the matter said.
World shares perch near 6-month high, oil chases $70 a barrel
World stocks hovered just under a six-month high on Tuesday as Brent neared $70 a barrel for the first time since November, Brexit fatigue sapped sterling and the dollar shows signs of gaining strength again.
Daimler CEO: Boeing safety debate highlights challenge for autonomous tech
Daimler Chief Executive Dieter Zetsche said on Tuesday the debate surrounding the safety of Boeing’s aircraft shows how hard it can be to win public acceptance for autonomous car technology.
Oil hits 2019 high on OPEC cuts, concerns over demand ease
Oil hit a 2019 high above $69 a barrel on Tuesday on the prospect that more sanctions against Iran and further Venezuelan disruptions could deepen an OPEC-led supply cut, and as the market became less worried that demand may slow.
