EDF ups costs for Flamanville reactor after finding more flaws
France’s state-controlled power group EDF pushed back the timetable for its Flamanville nuclear reactor project by a year, after it found further flaws, and added the project would now cost more than previously forecast.
Daimler and China’s Baidu deepen automated driving alliance
German carmaker Daimler said it will deepen a partnership with China’s Baidu on automated driving and vehicle connectivity services.
EU commissioner suggests broad cuts to tariffs with U.S.
The European Union’s budget commissioner suggested on Wednesday the bloc would be ready to discuss mutual tariff cuts with the United States across a range of products, provided Washington lifts recent punitive tariffs first.
Deutsche Bank second-quarter net profit drops as new CEO overhauls lender
Deutsche Bank on Wednesday posted a 14 percent drop in net profit in the second quarter from a year earlier, as Germany’s largest bank restructures under new leadership.
Asia stocks track Wall Street rise, U.S.-EU meet keeps trade in focus
Asian stocks rose modestly on Wednesday, supported by upbeat Wall Street earnings and hopes China’s government spending would boost growth but trade tensions remained in focus ahead of a meeting between the U.S. and European Commission presidents.
Fear factor: China steel exporters delay shipments, giving space to rivals
Tight checks by Chinese customs officials to halt the smuggling of scrap steel to Southeast Asia have forced some exporters to cancel or delay shipments, benefiting rivals like Russia that are prowling for market share amid a raging Sino-U.S. trade war…
Crown Resorts’ Australian tax dispute headed for court challenge
Casino operator Crown Resorts Ltd’s dispute over a A$362 million ($270 million) tax bill is scheduled to be heard in an Australian court next month, legal filings show, after the tax office refused leniency.
Apple supplier LG Display slashes investment plans as losses mount
South Korea’s LG Display Co Ltd , a key Apple supplier, slashed its investment plans by $2.7 billion to 2020 citing concern for the global smartphone market, as it posted a second consecutive quarterly loss on sagging panel prices.
Asia stocks track Wall Street gains, U.S.-EU meet keeps trade in focus
Asian stocks were higher on Wednesday, supported by strong Wall Street earnings and hopes China’s government spending would boost growth but trade tensions remain in focus ahead of a meeting between the U.S. and European Commission presidents.
Trump calls FCC decision on Sinclair-Tribune merger ‘unfair’
President Donald Trump on Tuesday criticized the Federal Communications Commission for not approving Sinclair Broadcast Group Inc’s $3.9 billion acquisition of Tribune Media, calling it “disgraceful” compared with the FCC’s approval several years ago o…
