Yum China to open KFC outlets at Chinese gas stations
Yum China Holdings is partnering with China’s two biggest state oil giants to open franchise fast-food outlets at gas stations in the country, in a bid to tap new growth areas as the domestic economy slows.
Honda to recall about 1 million vehicles in the US with Takata airbags
Honda Motor Co said on Tuesday its American unit will recall about 1.1 million Acura and Honda vehicles in the United States to fix a defect in Takata airbags in driver’s seat.
Germany’s Verdi union opposes Deutsche-Commerzbank merger
Germany’s Verdi labor union on Tuesday voiced strong objections to a possible merger between Deutsche Bank and Commerzbank, arguing that a combined entity would be a more attractive target for a hostile foreign takeover.
Oil rises to $67 on cuts to Saudi, Venezuelan exports
Oil rose to around $67 a barrel on Tuesday, supported by Saudi Arabia’s plan for further voluntary supply curbs in April and a cut in oil exports from Venezuela due to a power outage.
Nissan, Renault break up almighty chairmanship in wake of Ghosn’s ouster
Japan’s Nissan Motor and France’s Renault said they would retool the world’s top car-making alliance to put themselves on more equal footing, breaking up the all-powerful chairmanship previously wielded by ousted boss Carlos Ghosn.
T-Mobile, Sprint chiefs to defend deal on Capitol Hill, again
The chief executives of T-Mobile US Inc and Sprint Corp, which are seeking to merge, testify on Capitol Hill on Tuesday to defend their planned $26 billion deal.
Stocks, pound rally as tweaked Brexit deal soothes investor worries
Last-minute tweaks to Britain’s deal to leave the European Union triggered gains across global stocks and propelled sterling higher on Tuesday, soothing investor worries about a possible no-deal exit that has unnerved financial markets in recent months…
Ethiopia crash bodies will take days to release
Families of those killed aboard Ethiopia Airlines flight 302 must wait at least five days to begin receiving some victims’ remains, the company said on Tuesday, though the identification of others is expected to take much longer.
After Ghosn, Nissan and Renault retool alliance as ‘equals’
Japan’s Nissan Motor and France’s Renault on Tuesday retooled the board structure of the world’s largest car-making alliance, putting themselves as equals after the ouster of former boss Carlos Ghosn.
Ex-Nissan’s Ghosn won’t meet press this week: lawyer
Former Nissan boss Carlos Ghosn will not hold a highly anticipated news conference until next week at the earliest and is not now planning to attend the carmaker’s shareholders meeting next month, his lawyer said on Tuesday.
