Audi’s Schot would like to be long-term CEO: Manager Magazin
The interim CEO of VW’s Audi unit, Bram Schot, laid claim to the top job for the long term, amid uncertainty when a prospective new hire from BMW , who has been seen as Audi CEO-designate, can join Volkswagen.
Trump says China not ready to reach trade deal, repeats threat of more tariffs
President Donald Trump on Tuesday repeated his threat to slap tariffs on an additional $267 billion of Chinese imports if Beijing retaliates for the recent levies and other measures the United States has imposed in an escalating trade war between the e…
Luxury stocks slide as Vuitton strength fails to quell China worries
Robust appetite in the third quarter for Louis Vuitton handbags and other high-end goods sold by LVMH failed to dispel fears of a looming slowdown in Chinese demand on Wednesday, as shares across the sector tumbled.
Swiss supreme court to rule in sweeping bank secrecy case
Switzerland’s highest court convened on Wednesday to decide whether prosecutors can pursue whistleblowers for breaking the country’s bank secrecy law wherever they are in the world, a case drawing international scrutiny.
Fat profits: Asian traders cash in as Europe thirsts for waste oils
Once surreptitiously dumped down drains in the dead of night, Asia’s used cooking oil is fast becoming one of the most sought-after commodities in Europe – as a feedstock for biodiesel.
Aging Japan: Built for young families, minicars attract a huge following among elderly drivers
When Honda Motor Co launched the latest version of its N-Box a year ago, it promoted features on the pint-sized minicar such as error-detecting pedals, automatic emergency braking and moveable seats, part of a push to market the vehicle to young famil…
Audi’s Schot says available as CEO for long run: manager magazin
Audi interim CEO, Bram Schot, would be available as Audi’s chief executive in the longer run, he said in an interview with German business monthly manager magazin published on Wednesday.
SoftBank in talks to buy majority stake in loss-making WeWork: source
Japan’s SoftBank Group Corp is in discussions to buy a majority stake in U.S. shared office space provider WeWork Cos, a source said, potentially doubling down on one of its biggest bets on a loss-making startup.
Sears hires advisers for bankruptcy filing ahead of debt payment: WSJ
Debt-laden retailer Sears Holdings Corp has hired advisers to prepare for a possible bankruptcy that could come ahead of a debt payment due next week, the Wall Street Journal reported on Tuesday, citing sources.
Gangnam style: KKR to invest in office property in southern Seoul
A group of companies led by KKR & Co will invest in an existing real estate project under construction in the Gangnam district of Seoul, South Korea, hoping to cash in on one of the world’s fastest-rising commercial property markets.
