Exclusive: Airbus suspends A320 revamp study amid output problems
PARIS (Reuters) – Airbus has shelved advanced studies aimed at improving its A320neo jet family, designed in part to fend off a mid-market plane that Boeing hopes to build, two people familiar with the matter said.
Kroger to hire 11,000 employees to its supermarkets
(Reuters) – Kroger Co said on Tuesday it would hire 11,000 employees in its supermarket divisions, including Fred Meyer stores and Mariano’s Fresh Market, with nearly 2,000 of them for management roles.
U.S. stock futures rise as Xi cools trade war fears
(Reuters) – U.S. stock index futures rose more than a percent on Tuesday after Chinese President Xi Jinping promised to cut import tariffs, soothing investor concerns about rising U.S.-China trade tensions.
Uber loses EU court case in fight against French criminal charges
LUXEMBOURG (Reuters) – France is entitled to bring criminal proceedings against local managers of ride-hailing app Uber [UBER.UL] for running an illegal taxi service, the EU top court ruled on Tuesday, dealing the Silicon Valley start-up another legal …
Ant Financial plans $9 billion round of fresh financing: WSJ
(Reuters) – Jack Ma’s financial technology business Ant Financial plans to raise $9 billion in its latest round of funding, that could value the company at $150 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matte…
Facebook’s Zuckerberg faces Senate hearing but little hope for action
WASHINGTON (Reuters) – Facebook Chief Executive Mark Zuckerberg’s No. 1 mission during his appearance before U.S. lawmakers on Tuesday and Wednesday will be to defend against calls to regulate internet-based companies.
China’s Xi renews pledges to open economy, cut tariffs this year as U.S. trade row deepens
BOAO/BEIJING, China (Reuters) – Chinese President Xi Jinping promised on Tuesday to open the country’s economy further and lower import tariffs on products including cars, in a speech seen as an attempt to defuse an escalating trade dispute with the Un…
Cryptocurrency miners seek cheap energy in Norway and Sweden
FRANKFURT/MILAN (Reuters) – Cryptocurrency miners are moving in to Norway and Sweden to take advantage of cheap hydro-electric energy and low temperatures to power and cool their servers.
Stocks rally as Xi calms U.S.-China trade fears; Russian rouble tumbles
LONDON (Reuters) – Global equity markets rallied and the Japanese yen fell on Tuesday as Chinese President Xi Jinping’s promise to cut import tariffs eased investor concerns about an escalating U.S.-China trade row.
Bayer shares jump on report of U.S. antitrust deal on Monsanto
FRANKFURT (Reuters) – Bayer shares jumped nearly 5 percent on Tuesday following a media report that the U.S. Justice Department will allow the German drugs and pesticides group to acquire Monsanto in a $62.5 billion deal.
