U.S. group says Trump trade tariffs cost businesses $2.7 billion in November
U.S. businesses paid an additional $2.7 billion in tariffs in November 2018, according to data from a coalition of U.S. business groups fighting President Donald Trump’s trade tariffs.
Skoda Auto’s January deliveries down 1.1 percent year-on-year to 102,600 cars
Skoda Auto, the Czech unit of Volkswagen, said on Thursday its global deliveries dropped 1.1 percent in January to 102,600 cars.
EU court throws out EU ruling against Belgian tax break for large firms
EU judges dealt a possible blow to an EU crackdown against tax avoidance by global multinationals on Thursday by annulling an order by the EU executive against a Belgian tax-break scheme for about 35 large companies.
Renault embarks on post-Ghosn era with lower profit goal
Renault set a weaker full-year profit goal on Thursday, citing currency challenges and market uncertainties, as the French carmaker presented annual results without its recently ousted CEO Carlos Ghosn for the first time in 13 years.
Nestle’s overhaul starts to pay off as growth accelerates
Nestle put its Herta processed meats business on the block on Thursday, accelerating the food group’s revamp as it reported an uptick in sales momentum for the first time in seven years.
Apple to ship iPhones with only Qualcomm chips to German stores
Apple Inc said Thursday that it will resume selling older iPhone models in its stores in Germany, where they were banned last year due to a patent infringement ruling.
Airbus to scrap A380 superjumbo production as sales slump
Europe’s Airbus is scrapping production of the A380 superjumbo, with lackluster sales forcing it to abandon a dream of dominating the skies with a 21st century cruiseliner.
Not time yet to discuss Nissan chairmanship, Renault’s Senard says
The new chairman of French automaker Renault on Thursday said it was not the time to discuss whether he would also take the helm of Nissan, as he arrived in Japan to reaffirm an alliance rocked by the arrest and ouster of former Chairman Carlos Ghosn.
Deutsche Bank rebuffs reported calls to cut investment unit
Deutsche Bank on Thursday rebuffed calls for cuts at its struggling investment bank, citing an overhaul last year.
Renault Chairman: not time to discuss Nissan chairmanship – Jiji
Renault SA Chairman Jean-Dominique Senard, arriving in Japan for a meeting with Nissan Motor, said it was not yet time to discuss whether he would assume the chairmanship of the Japanese automaker, Jiji news agency reported on Thursday.
