Wall Street tumbles, spooked by growth and trade worries
Wall Street tumbled more than 3 percent on Tuesday, led lower by bank and industrial shares, as the U.S. bond market sent unsettling signs about economic growth and investors worried anew about global trade.
Volkswagen may use Ford’s U.S. plants to build cars, deepening alliance
Volkswagen AG’s chief executive said on Tuesday after a meeting at the White House that the German automaker was building an alliance with Ford Motor Co and might use the U.S. automaker’s plants to build cars.
Volkswagen says last generation of combustion engines to be launched in 2026
Volkswagen’s strategy chief said on Tuesday the German carmaker’s core brand will develop its final generation of vehicles using combustion engine technology in 2026.
Global stocks fall on growth concerns, doubts over trade truce
Global stocks sank and the dollar fell on Tuesday as a flattening Treasury yield curve sparked recession warnings, while optimism that the U.S. and China would quickly resolve their trade dispute dwindled.
As markets turn, Fed says it is not fazed
U.S. Federal Reserve officials convinced the massive U.S. bond market has fundamentally changed in the last decade are about to test their commitment to that idea against investors who have begun betting against the U.S. central bank’s ability to conti…
EU ministers fail to break digital tax deadlock
European Union finance ministers failed to agree a tax on digital revenues on Tuesday, despite a last minute Franco-German plan to salvage the proposal by narrowing its focus to companies like Google and Facebook .
Ireland still concerned about EU digital tax despite new proposal: minister
Ireland’s finance minister poured cold water Tuesday on a new Franco-German proposal for a European tax on companies’ digital revenues, saying it failed to address his concerns.
If Iran can’t export oil from Gulf, no other country can, Iran’s president says
Iranian President Hassan Rouhani made an apparent threat on Tuesday to disrupt other countries’ oil shipments through the Gulf if Washington presses ahead with efforts to halt Iranian oil exports.
Volkswagen says it might use Ford manufacturing capacity in U.S.
Volkswagen’s chief executive said on Tuesday after a meeting at the White House that the German automaker was building an alliance with Ford Motor Co and that they might use the U.S. automaker’s plants to build cars.
Airbus joins forces with Lockheed for U.S. tanker refueling
Airbus and Lockheed Martin said on Tuesday they are teaming up to meet a growing demand for aerial refueling from the U.S. Air Force, nearly eight years after the European planemaker lost an initial battle with Boeing .
