Nestle plans to cut up to 500 IT jobs in Switzerland
ZURICH (Reuters) – Nestle plans to eliminate up to 500 information technology jobs at its Swiss home base as its shifts work to an existing tech hub in Spain and other locations, the food and beverage giant said on Tuesday.
Deepening Italian crisis batters European markets
LONDON (Reuters) – A deepening political crisis in Italy provoked a second day of heavy selling on European financial markets, with the euro cut to a 6-1/2 month low, stocks punished and short-term borrowing costs surging for the government in Rome.
Swiss watch exports rise in April as Hong Kong booms
ZURICH (Reuters) – Swiss watch exports rose 13.8 percent in April to 1.76 billion Swiss francs ($1.77 billion), powered by a boom in the crucial Hong Kong market, trade data showed on Tuesday.
Delays and ‘poison pills’: team Trump runs out of road in NAFTA talks
WASHINGTON (Reuters) – President Donald Trump is running out of time to deliver a revamp of the North American Free Trade Agreement (NAFTA) he promised for this year and people involved in the talks say the crunch is largely of his administration’s own…
U.S. and China clash over ‘technology transfer’ at WTO
GENEVA (Reuters) – Chinese and U.S. envoys sparred at the World Trade Organization on Monday over U.S. President Donald Trump’s claims that China steals American ideas, the subject of two lawsuits and a White House plan to slap huge punitive tariffs on…
Shares fall on Italian turmoil, euro near 6-1/2 month lows
SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro struggled near 6-1/2 month lows as early elections loomed in Italy, although a revival in diplomatic talks with North Korea and a retreat in oil prices supported sentiment.
Canada likely to buy Trans Mountain pipeline project: Bloomberg
(Reuters) – Canada is likely to buy Kinder Morgan Canada Ltd’s Trans Mountain oil pipeline and its proposed expansion project in an attempt to ensure that it is built, Bloomberg reported on Monday, citing a person familiar with the talks.
Shares fall on Italian turmoil, euro, oil at multi-week lows
SYDNEY (Reuters) – Asian shares fell on Tuesday and the euro slipped back to 6-1/2 month lows as early elections loomed in Italy, but a revival in diplomatic talks with North Korea and a retreat in oil prices from recent highs supported sentiment.
U.S. stock futures up, euro near seven-month lows
SYDNEY (Reuters) – U.S. stock futures ticked higher on Tuesday as officials sought to revive what would be a historic meeting between President Donald Trump and his North Korean counterpart, while the euro hovered near 6-1/2 month lows and oil sank.
US and EU again at odds over Airbus subsidies at WTO
GENEVA (Reuters) – The European Union told the World Trade Organization’s dispute settlement body on Monday that it had acted within days of a WTO ruling to bring its funding of planemaker Airbus into line with WTO rules, a trade official who attended …
