China brings U.S. tariff dispute to WTO, berates Washington for blocking judges
China triggered the legal process on Monday for the World Trade Organization to hear Beijing’s challenge to U.S. tariffs imposed on $234 billion of goods, and berated the United States for blocking the appointment of judges who could rule on it.
Europe must act as one on Huawei, says French minister
Europe must act as one on Huawei, French European Affairs Minister Nathalie Loiseau said on Monday, addressing security issues in relation to China.
World stocks slide on China worries, rising supply hits oil
Stock markets slid worldwide on Monday as reduced outlooks from Caterpillar and Nvidia Corp underscored investor concerns about China’s economy, while oil headed for its biggest one-day drop in a month on evidence of more growth in U.S. crude supply.
Guess CEO Victor Herrero to step down
Apparel maker Guess Inc said on Monday Chief Executive Officer Victor Herrero will step down and named former top executive Carlos Alberini as his replacement.
Wall Street rattled by Caterpillar, Nvidia warnings
U.S. stocks slumped on Monday, as warnings from Caterpillar Inc and Nvidia Corp added to concerns about a slowing Chinese economy and tariffs taking a toll on corporate profits.
Tesco cost cuts put 9,000 UK jobs at risk
Tesco, Britain’s biggest retailer, could ax 9,000 jobs in its UK stores and head office with its latest move to simplify operations and achieve targeted cost savings.
Apple says spent $60 billion with U.S. suppliers in 2018
Apple Inc said on Monday it spent $60 billion with 9,000 U.S. component suppliers and companies in 2018, an increase of more than 10 percent from the year earlier.
Alstom, Siemens merger concessions may not save rail deal
Efforts by Alstom and Siemens to create a European rail champion could yet hit the buffers despite their latest concessions to try to address antitrust concerns.
Partial U.S. government shutdown cost economy $3 billion: budget office
The U.S. economy is expected to lose $3 billion from the 35-day partial federal government shutdown over President Donald Trump’s demand for border wall funding, congressional researchers said on Monday.
Oil drops as U.S. supply builds and China ignites demand worries
Oil headed for its biggest one day drop in a month on Monday on evidence of yet more growth in U.S. crude supply, although the price is still on course for its strongest January gain for 14 years.
