Uber seeks UK chairman as threats to its business mount
LONDON (Reuters) – Taxi hailing app Uber said on Wednesday it had hired a headhunter to fill a new position of UK chairman, as part of a process which began weeks before London’s transport authority stripped it of its license.
Samsung scion Jay Y. Lee set to begin appeal
SEOUL (Reuters) – Samsung Electronics Vice Chairman Jay Y. Lee on Thursday will begin an appeal of his five-year jail term for corruption, in a case highlighting South Korea’s issues with the family-run conglomerates that dominate the economy.
Nasdaq, SEB to test blockchain for mutual funds
NEW YORK (Reuters) – Exchange group Nasdaq Inc and Nordic financial services group SEB have teamed up to test a blockchain-based mutual fund trading platform for the Swedish market in an effort to simplify and make the process faster.
Alstom, Siemens to merge rail businesses to counter China’s CRRC
MUNICH/PARIS (Reuters) – German industrial group Siemens AG and French rival Alstom SA agreed to merge their rail operations, creating a European champion to better withstand the international advance of China’s state-owned CRRC Corp Ltd.
Bombardier in talks for C-Series deals with Chinese carriers: executive
SHANGHAI (Reuters) – Planemaker Bombardier Inc aims to close deals with Chinese airlines in upcoming months and is in talks with the country’s three biggest airlines, a senior Bombardier executive said on Tuesday.
Amazon says Google has pulled YouTube from Echo Show device in tech face-off
SAN FRANCISCO (Reuters) – In a rare public feud between large technology companies, Amazon.com Inc said on Tuesday its Echo Show devices could no longer play videos from YouTube because the site’s parent, Google, stopped supporting the service.
Ford, Lyft will partner to deploy self-driving cars
DETROIT (Reuters) – Ford Motor Co said on Wednesday it will collaborate with Lyft to deploy Ford self-driving vehicles on the ride services company’s network in large numbers by 2021.
Asian shares rise ahead of U.S. tax plan; dollar near one-month high
SYDNEY (Reuters) – Shares rose on Wednesday as investors hoped for progress on major tax reform in the United States, while the dollar hovered near one-month highs on growing expectations of a U.S. interest rate increase in December.
U.S. slaps steep duties on Bombardier jets after Boeing complaint
MONTREAL/NEW YORK (Reuters) – The U.S. Commerce Department on Tuesday slapped preliminary anti-subsidy duties on Bombardier Inc’s CSeries jets after rival Boeing Co accused Canada of unfairly subsidizing the aircraft, a move likely to strain trade rela…
Dollar, yields rise on hawkish Yellen; Asian shares still weak
SYDNEY (Reuters) – The dollar climbed to a one-month high and bond yields rose on Wednesday as risks grew for a U.S. interest rate hike in December, while Asian stocks hovered near multi-week lows as tensions in the Korean peninsula remain elevated.
