Exclusive: Nissan to pull out of venture fund with Renault in cost-cutting drive, sources say
Nissan Motor Co is likely to pull out from a venture capital fund it runs with alliance partners Renault SA and Mitsubishi Motors, as part of the Japanese automaker’s drive to cut costs and conserve cash, two sources said.
Uber’s challenge to balance driver safety with customer privacy
Margaret Bordelon can still feel the hands of the drunk man who tried to pull her in for a kiss at the end of his Uber ride last September in Lafayette, Louisiana.
Exclusive: Aon alleges fraud in arbitration over $300 million Brazilian deal: documents
British insurance broker Aon Plc has accused the founder of Brazilian health and benefits insurance broker Admix of defrauding it when it acquired the company four years ago in a 1.35 billion reais ($300 million) deal, according to arbitration and cou…
Union says engineers ratify, technical workers reject Boeing contract offers
The union that represents thousands of Boeing Co employees said late on Monday that a four-year contract extension offer was ratified by engineers but rejected by technical workers.
U.S. clears Infineon’s $10 billion takeover of Cypress
Shares in Infineon Technologies rallied in early trading on Tuesday after a U.S. national security review raised no concerns over its proposed $10 billion takeover of Cypress Semiconductor Corp .
Oil jumps 5% after rout on stimulus hopes, slowing virus in China
Oil prices jumped by 5% on Tuesday after the biggest one-day rout in nearly 30 years, as investors eyed the possibility of economic stimulus, although early gains were pared on demand concerns over the global spread of the coronavirus.
Norwegian Air halts flights to Italy because of coronavirus
Norwegian Air has temporarily halted flights to and from Italy because of the coronavirus outbreak, the budget carrier said on Tuesday, adding to the company’s financial woes.
Factbox: Airlines suspend flights due to coronavirus outbreak
Airlines across the globe have suspended flights or modified services in response to the coronavirus outbreak.
Asian shares emerge from rout as stimulus hopes calm panic
Asian stocks bounced, and bond yields rose from record lows on Tuesday on hopes that global policymakers would introduce co-ordinated stimulus to cushion the economic impact of a coronavirus outbreak.
IKEA to sell through third party for first time on Tmall in China
IKEA on Tuesday started selling its products on Alibaba’s Chinese e-commerce platform Tmall, the first time the world’s biggest furniture retailer has sold through a third party in its 77-year history.
