Amazon opens Spanish pop-up store to showcase its wares
Amazon on Wednesday opened its first pop-up store in Spain in an old building in one of Madrid’s prime shopping districts styled as a house with everything for sale, from electronic goods to video games to clothing.
Airbus names finance, operations chiefs amid major overhaul
Airbus on Wednesday named new financial and operations chiefs as part of a complete leadership overhaul as it emerges from months of internal strife caused by legal problems and delays in meeting record output goals.
U.S. chipmaker Nvidia to provide AI platform for Chinese EV start-ups
U.S. chipmaker Nvidia Corp has signed separate deals with Chinese electric vehicle startups XPeng Motors, Singulato Motors and SF Motors to develop autonomous driving technology, Chief Executive Jensen Huang said on Wednesday.
IKEA Group plans to cut 7,500 administrative jobs
IKEA Group, the owner of most IKEA furniture stores worldwide, plans to cut 7,500 jobs over the next couple of years, mainly administrative staff in central support functions, it said on Wednesday.
Oil bounces above $63 after slide, but glut worries persist
Oil bounced above $63 a barrel on Wednesday to claw back some of the previous day’s 6 percent plunge, lifted by a report of an unexpected decline in U.S. crude inventories.
World stocks struggle to find feet after tech-driven rout
World stocks attempted to steady on Wednesday following a bruising Wall Street session that wiped $1 trillion off the value of leading U.S. tech shares, while oil prices staged a modest rebound after slumping to one-year lows.
U.S. prosecutors investigate Hyundai, Kia vehicle recalls: source
U.S. prosecutors are investigating if Hyundai Motor and affiliate Kia Motors’ vehicle recalls over engine defects were conducted properly, according to a person with knowledge of the matter and documents reviewed by Reuters.
Danske whistleblower takes aim at U.S., UK over money laundering
Almost all the money that flowed through Danske Bank’s Estonian branch passed through banks in the United States, the whistleblower who brought to light an alleged 200 billion euro ($228 billion) money laundering scandal said on Wednesday.
France and Japan want to pursue Renault-Nissan consolidation: Le Maire
French Finance Minister Bruno Le Maire said on Wednesday France and Japan were keen to pursue the consolidation of the alliance between Renault and Nissan.
Airbus names new finance and operations chiefs as overhaul continues
Airbus on Wednesday set in place the financial and operational pillars of a soon-to-be completely overhauled leadership as it emerges from months of internal strife caused by legal problems and delays in meeting record output goals.
