India’s online sellers to appeal against competition commission’s Flipkart ruling
A group representing online sellers in India will appeal against the Competition Commision of India’s (CCI’s) ruling in favour of Walmart-owned Flipkart, the group’s lawyer Chanakya Basa said in a release on Saturday.
China’s premier says tax cuts support employment, economic stability
China’s plans for tax cuts targeting smaller companies will help to support employment and economic stability, and will expand the country’s tax base over the long term, Premier Li Keqiang was quoted as saying on Saturday.
OPEC is not the enemy of the U.S., UAE minister says
The Organization of Petroleum Exporting Countries is not the enemy of the United States, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday in Abu Dhabi.
China’s tax cuts linked to employment, economic stability: premier
China’s tax cuts for smaller companies are mainly intended to support employment and ensure economic stability, Premier Li Keqiang was quoted as saying.
Nissan top executive Munoz resigns amid broadened Ghosn probe
One of Nissan Motor Co’s top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct.
OPEC is not the enemy of the US, UAE minister says
The Organization of Petroleum Exporting Countries is not the enemy of the United States, United Arab Emirates Energy Minister Suhail al-Mazrouei said on Saturday in Abu Dhabi.
Nissan top exec Munoz resigns amid broadened Ghosn probe
One of Nissan Motor Co’s top executives has resigned, further rattling the Japanese automaker’s management team as it broadens an investigation into ousted Chairman Carlos Ghosn’s alleged financial misconduct.
Pemex’s New York roadshow spooks investors, yields spike
Yields on the debt of Mexican state-run oil company Pemex rose sharply this week after the company failed during presentations in New York to lay out a clear plan to reduce debt and increase output, analysts said.
SpaceX to layoff 10 percent of workforce
Elon Musk’s rocket company SpaceX will reduce its workforce by about 10 percent of the company’s more than 6,000 employees, it said on Friday.
Apple demanded $1 billion for chance to win iPhone: Qualcomm CEO
Qualcomm sought to become the sole supplier of modem chips for Apple’s iPhone to recoup a $1-billion “incentive payment” that Apple insisted on, not to block rivals from the market, Qualcomm’s chief executive testified on Friday.
