The U.S.-China trade war has triggered a seafood supply chain shake-up, with U.S. importers scrambling to stockpile frozen Chinese squid and tilapia ahead of looming price increases while Canada exports more lobsters to China.
Denmark’s Novo Nordisk will cut around 250 jobs in the United States, a spokesman told Reuters on Friday. He said it would also hire some new staff in other positions but that the company did not know the number of new positions yet.
Global investors increased holdings of U.S. equities to their highest since May 2015 in September while reducing their exposure to emerging-market assets, where a majority believe the shake-out still has some way to go.
Healthcare company shares have taken the lead in the record-setting U.S. stock market, and a desire for investors to become more defensive combined with potentially strong upcoming earnings could drive them even higher.
Shares of Tesla Inc dived 11 percent in early trading on Friday after U.S. regulators accused Chief Executive Elon Musk of fraud and sought to remove him from his role in charge of the electric car company.
The euro slipped below $1.16 on Friday for the first time in two weeks after Italy’s government agreed a budget seen by some investors as defying Brussels.
A staff walkout at low-cost carrier Ryanair grounded planes in six European countries on Friday, disrupting the plans of more than 40,000 passengers.
The Belgian defense ministry will sue Google for not complying with its requests to blur satellite images of sensitive military sites, a ministry spokeswoman said on Friday.
The U.S. Securities and Exchange Commission accused Tesla Inc Chief Executive Officer Elon Musk of fraud and sought to remove him from the role, saying he made a series of “false and misleading” tweets about potentially taking the company private.
The euro fell on Friday to its lowest in nearly two weeks while Italy’s bond yields hit their highest in three after the government agreed to set a higher than expected budget deficit target that could put Rome on a collision course with Brussels.
The euro fell to an eleven-day low on Friday after Italy’s government agreed a budget overnight seen by some investors as defying Brussels.
Japan’s Nikkei raced to a 27-year high on Friday on the back of a lower yen and improved prospects for corporate earnings, while optimism over the U.S. economy’s short-term outlook supported broad risk appetite and the dollar.
German carmakers may offer owners of vehicles affected by driving bans vouchers for hardware upgrades by suppliers such as Baumot or HJS, German daily Frankfurter Allgemeine Zeitung (FAZ) reported on Friday, without citing sources.
Japan’s Nikkei touched a 27-year high on Friday, taking heart from a boost for the dollar after the U.S. Federal Reserve chairman said he did not expect a near-term recession.
Germany’s biggest power supplier E.ON wants smart homes to be smart business in a world of decentralized, low-carbon energy markets.
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