Asian firms shuffle production around the region as China tariffs hit
A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of U.S. President Donald Trump’s tariffs on Chinese imports.
VW’s Porsche to stop offering diesel models: Bild am Sonntag
Volkswagen’s Porsche will stop offering diesel versions of its cars, the unit’s chief executive told a weekly newspaper, responding to ever tougher requirements to curb CO2 emissions.
AstraZeneca CEO warns of medicine shortages after Brexit: Sunday Times
Britain could see widespread medicine shortages if there is no deal to prevent friction at the border with the European Union after Brexit, the AstraZeneca chief executive told the Sunday Times.
Comcast outbids Fox with $40 billion winning offer for Sky
Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group.
Comcast outbids Fox with $40 billion offer for Sky in auction
Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky on Saturday after offering 30.6 billion pounds ($40 billion) in a dramatic auction to decide the fate of the pay-television group.
Fox plans to concede defeat in Sky battle, review stake: source
Rupert Murdoch’s Twenty-First Century Fox expects Sky’s independent directors to recommend Comcast’s $39 billion bid, after which Fox will concede defeat in the battle for the British broadcaster, a source with knowledge of the matter told Reuters.
Comcast outbids Fox with $39 billion offer for Sky in auction
Comcast beat Rupert Murdoch’s Twenty-First Century Fox in the battle for Sky after offering more than 30 billion pounds ($39 billion) for the British broadcaster, in a dramatic auction to decide the fate of the pay-television group.
U.S. airlines score win as Congress drops ‘reasonable fee’ rules
The U.S. airline industry scored a win on Saturday as bipartisan congressional legislation dropped plans to mandate “reasonable and proportional” baggage and change fees, but included other new passenger protections.
BT approaches Worldpay’s Philip Jansen to be new CEO: Sky News
BT Group is in advanced talks to appoint payment technology provider Worldpay’s outgoing co-chief executive Philip Jansen as its new CEO, Sky News reported on Saturday.
China cancels trade talks with U.S. as tariff threats escalate: WSJ
China has canceled upcoming trade talks with the United States and will not send vice-premier Liu He to Washington next week, the Wall Street Journal reported, citing sources.
