Jaguar Land Rover clear they regard UK as home: PM May’s spokesman
Jaguar Land Rover (JLR) has made clear they regard Britain as home and are investing in the future, Prime Minister Theresa May’s spokesman said on Thursday.
AXA moves international risk to Ireland from UK ahead of Brexit
French insurer AXA said it will handle its international risk and reinsurance trough an Irish unit in light of Britain’s plans to leave the European Union.
Volkswagen sells record 6.24 million VW vehicles in 2018
Volkswagen sold a record 6.24 million of its VW-branded vehicles last year despite delivery problems caused by new anti-pollution rules, but warned the company would continue to face considerable challenges in 2019.
Ford Europe to slash thousands of jobs in turnaround plan
Ford said on Thursday it will cut thousands of jobs, look at plant closures and discontinue loss-making vehicle lines as part of a turnaround effort aimed at achieving a 6 percent operating margin in Europe.
EU opens investigation into Dutch tax treatment of Nike
The European Commission said on Thursday that it had opened an in-depth investigation into the tax treatment of Nike Inc in the Netherlands, saying this may have given the U.S. sportswear maker an illegal and unfair advantage.
Saudi Arabia passes bond test as investors look past Khashoggi
Saudi Arabia drew a strong response on Wednesday in its first test of international bond market sentiment since coming under intense scrutiny in October from foreign governments and investors over the murder of journalist Jamal Khashoggi.
Vodafone plans to cut up to 1,200 jobs from its Spanish business
Vodafone plans to cut up to 1,200 jobs from its Spanish business, the company said on Thursday, though it declined to give further details ahead of talks with labor representatives expected to begin at the end of the month.
New year stocks rally stalls as trade talks, data disappoint
The early year rally in world stocks ran out of steam in Europe on Thursday and the dollar dropped to a near three-month low, as mixed signals from U.S.-China trade talks and caution at the Federal Reserve applied the brakes.
At China port, tariff drop a salve for hard-hit traders of American cars
In the Chinese port city of Tianjin, gray market traders of American-made cars, badly stung by a scything trade war and punitive tit-for-tat tariffs, are scrambling to take advantage of an opportunity they fear may prove only temporary.
China says trade talks with U.S. made progress on forced tech transfers, IP rights
China and the United States made progress on “structural issues” such as forced technology transfers and intellectual property rights in talks this week and more consultations are being arranged, China’s commerce ministry said on Thursday.
