FRANKFURT (Reuters) – Volkswagen plans to start offering car sharing services using fully electric vehicles in German cities next year as part of efforts to serve consumers who don’t want to buy their own vehicles.
A senior Iranian Revolutionary Guards commander said on Wednesday that the Guards were ready to implement a policy preventing regional oil exports if Iranian oil sales were banned by the United States. President Hassan Rouhani appeared on Tuesday to threaten to disrupt oil shipments from neighbouring countries if Washington presses ahead with its goal of forcing all countries to stop buying Iranian oil. Praising Rouhani’s remarks, Major-General Qassem Soleimani said he was ready to implement such a policy if needed. …read more […]
LISBON (Reuters) – Britain’s Supreme Court dismissed on Wednesday an appeal by Goldman Sachs for compensation from Portugal’s Novo Banco over a $835 billion loan to Novo Banco’s bankrupt predecessor, Banco Espirito Santo (BES), which was carved up by the state in 2014.
DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of investor money, two sources familiar with the matter said.
MGM Resorts’ (MGM) dismal show can be attributed to soft gambling revenues from the Macau region. …read more […]
China will “absolutely not” fire the first shot in a trade war with the United States and will not be the first to levy tariffs, its finance ministry said on Wednesday. A person with knowledge of the plan earlier told Reuters China’s threatened tariffs on $34 billion (25.74 billion pounds) of U.S. goods would take effect from the beginning of the day on Friday. Given the 12-hour time difference, that would have put its implementation ahead of Washington’s. Other media carried similar reports. …read more […]
LONDON (Reuters) – World stocks treaded water on Wednesday amid growing anxiety ahead of Washington’s end of week deadline to impose tariffs on Chinese imports, while the yuan steadied after China’s central bank acted to calm investors.
Google published a blog explaining the terms on which hundreds of app makers are given access to millions of inboxes belonging to Gmail users. It’s not clear whether Gmail users are notified when Google rummages through messages to address these issues. Google was hauled over the coals this week for reportedly giving hundreds of app makers access to millions of inboxes belonging to Gmail users. …read more […]
BEIJING/MARSEILLE, France (Reuters) – Chinese conglomerate HNA Group [HNAIRC.UL] Co-Chairman Wang Jian died during a business trip in France on July 3 in what local police said appeared to be an accidental fall from a wall while posing for a photograph.
DUBAI (Reuters) – Dubai’s financial regulator is investigating allegations of mismanagement at private equity firm Abraaj, which is on the verge of financial collapse after a scandal over its use of investor money, two sources familiar with the matter said.
BEIJING (Reuters) – China’s HNA Group [HNAIRC.UL] said on Wednesday that Wang Jian, a chairman and co-founder, died during a business trip in France on July 3 after a serious injury caused by a fall.
PARIS (Reuters) – Fast-growing “superstar” tech firms are taking a growing share of national income in many countries, leaving workers’ overall wage growth subdued, the Organization for Economic Cooperation and Development said on Wednesday.
PARIS (Reuters) – Chinese HNA group chairman Wang Jian fell to his death while visiting the southern France village of Bonnieux on Tuesday, a French police source told Reuters.
TOKYO (Reuters) – Japanese airline ANA Holdings Inc said it will cancel 113 domestic flights between July 6 through July 12 to inspect Rolls-Royce Holdings Plc engines for compressor issues that have led to service interruptions for airlines globally.
By Kit Rees LONDON (Reuters) – European shares slipped on Wednesday as worries over global trade persisted, with sentiment towards semiconductor stocks in particular souring after Micron Technology was … …read more […]
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