Airbus CEO warns of ‘harmful decisions’ for UK jobs in a no-deal Brexit
Airbus warned on Thursday it could shift future wing-building out of Britain in the absence of a smooth exit from the European Union, predicting “potentially very harmful decisions” for its British operations in the event of a ‘no-deal’ Brexit.
Apple dismisses over 200 staff from autonomous vehicle group: CNBC
Apple Inc has dismissed more than 200 employees from its autonomous vehicle group, Project Titan, CNBC reported on Thursday, citing people familiar with the matter.
Ghosn resigned from Renault last night: French finance minister
Carlos Ghosn has resigned from French carmaker Renault , French finance minister Bruno Le Maire told Bloomberg Television in an interview at the World Economic Forum in Davos.
U.S. copper projects gain steam thanks to electric vehicle trend
Once seen as a laggard in the global mining industry, U.S. copper deposits have quietly drawn more than $1.1 billion in investments from small and large miners alike as Tesla and other electric carmakers scramble for more of the red metal.
U.S. universities unplug from China’s Huawei under pressure from Trump
Top U.S. universities are ditching telecom equipment made by Huawei Technologies and other Chinese companies to avoid losing federal funding under a new national security law backed by the Trump administration.
Macau casino queen Pansy Ho tightens grip over SJM Holdings
Pansy Ho, co-chair of Macau casino firm MGM China , has struck a strategic alliance that boosts her control of the crown jewel of her father’s business empire, SJM Holdings , sending shares of SJM sharply higher on Thursday.
Global auto deals doubled in 2018: PwC
Global auto industry mergers more than doubled to an all-time high of $97.5 billion in 2018 from a year earlier, driven by mega-deals in the automotive parts sector, according to a report released on Thursday by consultancy PwC.
‘AI’ to hit hardest in U.S. heartland and among less-skilled: study
The Midwestern states hit hardest by job automation in recent decades, places that were pivotal to U.S. President Donald Trump’s election, will be under the most pressure again as advances in artificial intelligence reshape the workplace, according to …
PG&E puts cost of judge’s wildfire plan at up to $150 billion
California power company PG&E Corp, which expects to soon file for bankruptcy, said on Wednesday it would cost between $75 billion and $150 billion to fully comply with a judge’s order to inspect its power grid and remove or trim trees that could fall into power lines and trigger wildfires.
Oil prices fall on worries fuel demand to stall amid slowing global growth
Oil prices declined on Thursday amid lingering concerns over slowing global economic growth that may limit fuel demand and after a surprise build in U.S. crude inventories.
