Shares hold ground as U.S. and China ramp up trade war
Who’s afraid of the big bad trade war? Not world stock markets, it seems.
Renault-Nissan adopts Android in coup for Google
The Renault-Nissan-Mitsubishi carmaking alliance said on Tuesday it will adopt Alphabet’s Google Android operating system, handing a victory to the U.S. tech giant as it pushes for a bigger share of the infotainment market.
Investors raise cash buffers as gloom gathers over global economy: BAML survey
Investors cut equity exposure this month as they grew more wary that economic growth may slow, but kept a long-standing preference for mega-cap tech stocks, Bank of America Merrill Lynch’s monthly survey indicated on Tuesday.
Ferrari plans 15 new models to double earnings by 2022
Ferrari plans to launch 15 new models, including hybrid cars, a utility vehicle and more special editions as part of a plan to as much as double core earnings by 2022.
Escalation in U.S.-Chinese trade conflict hits German firms: BDI
The escalation of the trade conflict between the United States and China is very concerning and will affect German firms, Germany’s BDI industry association said on Tuesday after the U.S. imposed further tariffs on Chinese imports.
Visa, Mastercard reach $6.2 billion settlement over card-swipe fees
Visa Inc, Mastercard Inc, and a number of U.S. banks on Tuesday agreed to pay $6.2 billion to settle a long-running lawsuit brought by merchants over the fees they pay when they accept card payments.
Tech stocks take heart from tariff exceptions
U.S. stock exchange futures were higher on Tuesday, helped by a rise in oil prices and concessions that analysts said made the latest round of trade tariffs on China less damaging than initially feared.
Ryanair aims for union agreement in Germany before Christmas
Budget airline Ryanair hopes to find an agreement with German unions before Christmas, Chief Marketing Officer Kenny Jacobs said on Tuesday, after pilots and cabin crew staged a full-day walkout this month and threatened further strikes.
U.S.’s Ross says China must decide on trade talks: CNBC
It is up to Beijing to take the next steps on trade talks, U.S. Commerce Secretary Wilbur Ross said on Tuesday as China vowed to retaliate after U.S. President Donald Trump imposed initial duties on $200 billion worth of Chinese goods.
U.S. tech giants eye AI key to unlock China push
U.S. technology giants, facing tighter content rules in China and the threat of a trade war, are targeting an easier way into the world’s second largest economy – artificial intelligence.
