Oil rises above $80, Saudi Arabia plans output increase
Oil edged above $80 a barrel on Monday, lifted by nervousness over a worsening diplomatic crisis between Saudi Arabia and the West, just two weeks before U.S. sanctions potentially choke off Iranian crude supplies.
Italy relief, China stimulus hopes lift global stocks
European shares gained on Monday amid relief over Italy’s budget, following rallies in Asia after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs.
Sony makes no concessions to EU regulators in EMI music bid
Sony Corp has not offered concessions to European Union antitrust regulators reviewing its $2.3 billion offer for control of EMI to become the world’s largest music publisher, the European Commission website showed on Monday.
Italy relief, China stimulus hope lifts global stocks
European shares gained on Monday amid relief over Italy’s budget, following rallies in Asia after China promised to provide stimulus to stabilize its economy and offset the impact of U.S. tariffs.
Philips CEO says Brexit putting Britain at risk as manufacturing hub
The chief executive of Philips said on Monday he was worried about the lack of progress on a deal over the terms of Britain’s exit from the European Union, and warned that a no-deal Brexit would jeopardize the country’s position as a manufacturing hub…
Japan tells Facebook to improve data protection
Japan’s government on Monday told U.S. technology firm Facebook Inc to better protect its users’ personal data following lapses this year affecting tens of millions of people globally.
Brent oil rises back above $80 as Iran sanctions loom
Brent crude oil prices rose back above $80 a barrel on Monday as markets were expected to tighten once U.S. sanctions against Iran’s crude exports are implemented next month.
KKR-backed Calsonic to buy Fiat Chrysler’s Magneti Marelli unit for $7.1 billion
Japanese car parts maker Calsonic Kansei, owned by U.S. private equity firm KKR, has agreed to buy Fiat Chrysler’s high-tech parts-making unit Magneti Marelli unit for 6.2 billion euros ($7.1 billion), the companies said.
Truck makers rev up for rollout of electric big rigs
Tesla Inc Chief Executive Elon Musk put electric heavy commercial trucks on the map in November 2017 when he unveiled the company’s futuristic, battery-powered Semi, booked hundreds of orders and said he would start delivering the vehicles by 2019.
Factbox: Manufacturers’ plans for electric big rig trucks
Since Tesla Inc announced late last year that it planned to come to market by 2019 with an all-electric Class 8 big rig truck called the Semi, other companies have unveiled their own plans to do the same. Here is a list of the planned vehicles:
