Delta to invest $1 billion to curb global air travel’s climate impact
Delta Air Lines Inc said on Friday it will invest $1 billion over the next decade in initiatives that would limit the impact of global air travel on the environment, the first airline to make a commitment of that scale.
Google criticizes EU over ‘eye-catching’ $2.6 billion antitrust fine
Google on Friday called on Europe’s second-top court to throw out what it called an eye-catching 2.4 billion euros ($2.6 billion) EU antitrust fine, saying there was no factual or legal basis to the inflated amount.
Europe wants G20 to make taxing digital giants top priority this year
Europe wants the world’s financial leaders to make it their top priority this year to reach a deal on global rules for taxing digital giants like Google , Amazon and Facebook , a document showed.
European shares hit record even as coronavirus shows no signs of peaking
Stock markets across the world ticked higher on Friday, even as investors debated whether China’s coronavirus outbreak would cause long-lasting damage to the global economy.
Oil prices rise more than 1%, on course for weekly gain
Oil prices rose on Friday and were on track for their first weekly gain since early January as investors bet the economic impact of the coronavirus would be short-lived and hoped for further Chinese central bank stimulus to tackle any slowdown.
U.S. looking for industry partnership to counter Huawei: White House official
The United States is looking to develop a partnership with the telecoms industry to provide alternatives to China’s Huawei Technologies, a senior White House official said on Friday.
Renault plans $2.2 billion ‘no taboos’ cost cuts after first loss in a decade
Renault’s first loss in a decade triggered a no-taboos commitment to cut costs by 2 billion euros ($2.2 billion) over the next three years from the carmaker on Friday, as it tries to put the Carlos Ghosn affair behind it.
‘Terrible’ WeWork bet caused us headaches: T. Rowe Price
Asset management firm T. Rowe Price Group Inc has called its investment in WeWork a “debacle” that caused the firm “outsized headaches and disappointments” and left it holding shares worth just a fraction of their original value.
Volkswagen to shut coal-fired power stations at main factory to cut CO2
Volkswagen is shutting down two coal-fired power stations at its main plant in Wolfsburg, Germany and has declined offers to sell them to cut down the company’s carbon dioxide emissions, Chief Executive Herbert Diess said on Friday.
Zuckerberg ready for Facebook to pay more tax as welcomes rules review
Facebook Chief Executive Mark Zuckerberg accepts that global tax reforms mean it may have to pay more taxes in different countries, excerpts of a speech he is due to deliver in Germany on Saturday show.
