KLM workers petition Air France to keep Dutch executive
Hundreds of workers of Air France’s Dutch subsidiary KLM gathered at its office in Amstelveen, Netherlands, on Thursday to deliver a petition voicing support for the subsidiary’s CEO Pieter Elbers.
Barclays, J.P. Morgan cut U.S. fourth-quarter 2018 GDP view after retail sales plunge
Barclays and J.P. Morgan on Thursday reduced their estimates on U.S. economic growth in the final quarter of 2018 following data that showed domestic retail sales took a 1.2 percent spill in December, which was its steepest monthly drop in nine years.
U.S. retail sales post largest drop since 2009; jobless claims up
U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018.
Fall in U.S. retail sales erases world stock market rally
The steepest decline in U.S. retail sales since 2009 in December erased broad gains in world stock markets on Thursday and pushed investors into the safety of government bonds.
Alibaba takes 8 percent stake in Chinese video platform Bilibili – Xinhua
Alibaba Group Holding Ltd has bought an 8 percent stake in Chinese video platform Bilibili Inc, the official Xinhua news agency reported on Thursday.
Wall Street falls as surprise drop in retail sales rattle investors
U.S. stocks fell on Thursday, as consumer and retail stocks dropped after a sharp decline in retail sales in December suggested a slowdown in economic activity.
No decision yet on whether to push back China trade deadline: Trump adviser
The Trump administration has not yet made a decision on whether to extend a March 1 deadline for a trade deal with China, a top White House economic adviser said on Thursday.
Nissan and Renault reaffirm alliance, but avoid talk of Nissan chairmanship
Top executives from Nissan and Renault on Thursday reaffirmed the importance of an alliance that has been pressured by the ousting of former Chairman Carlos Ghosn, but avoided discussing the potentially contentious issue of Nissan’s next chairman.
U.S. retail sales post largest drop since 2009; jobless claims rise
U.S. retail sales recorded their biggest drop in more than nine years in December as receipts fell across the board, suggesting a sharp slowdown in economic activity at the end of 2018.
JPMorgan Chase to create digital coins using blockchain for payments
JPMorgan Chase & Co said on Thursday it plans to launch its own digital coins, called “JPM Coin”, that customers will be able to use for instant transfer of payments over a blockchain network.
