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Reuters Business
May 24, 2020

Japan eyes fresh stimulus plan worth over $929 billion to battle pandemic: Nikkei
Japan is considering a fresh stimulus package worth over $929 billion that will consist mostly of financial aid programmes for companies hit by the coronavirus pandemic, the Nikkei newspaper said on Monday.

Reuters Business
May 24, 2020

Aston Martin chief to leave, Mercedes-AMG CEO to replace him: source
Aston Martin Chief Executive Andy Palmer is leaving the business as part of a management shake-up and will be replaced by Tobias Moers, CEO of Mercedes-AMG, a source familiar with the matter told Reuters on Sunday.

Reuters Business
May 24, 2020

Aston Martin's chief to leave as a part of shake-up: FT
Aston Martin Chief Executive Andy Palmer is leaving the business as part of a shake-up, the Financial Times reported on Sunday.

Reuters Business
May 24, 2020

Most publicly listed companies keep U.S. small-business aid loans
More than four-fifths of publicly listed companies that received emergency small-business loans from the U.S. government have held onto them, sticking with a certification that they need the money, according to data from market research firm FactSquared.

Reuters Business
May 24, 2020

Air France must slash domestic traffic in exchange for state guarantees -minister
Air France will have to "drastically" reduce its domestic air traffic in exchange for state loan guarantees, French Environment Minister Elisabeth Borne said on Sunday.

Reuters Business
May 24, 2020

Lufthansa to resume flights to 20 destinations from mid-June
Lufthansa , which is in talks with the German government over a 9 billion euro ($9.8 billion) bailout, will resume flights to 20 destinations from mid-June, including some holiday hot-spots, a spokeswoman said on Sunday.

Reuters Business
May 23, 2020

Jaguar seeks state loan as coronavirus pandemic takes toll: Sky News
Jaguar Land Rover is in talks with the British government about a request for temporary state funding of more than 1 billion pounds ($1.22 billion), Sky News reported https://bit.ly/3gqvegi on Saturday.

Reuters Business
May 22, 2020

Kuehne Nagel owner sees about 20,000 job cuts: Die Welt
Freight-forwarder Kuehne Nagel may cut more than 20,000 jobs, with warehouse workers most affected, as the coronavirus-caused economic crisis hits shipping, controlling shareholder Klaus-Michael Kuehne said in an interview.

Reuters Business
May 22, 2020

Hertz files for U.S. bankruptcy protection as car rentals evaporate in pandemic
The more than a century old car rental firm Hertz Global Holdings Inc filed for bankruptcy protection on Friday after its business was decimated during the coronavirus pandemic and talks with creditors failed to result in much needed relief.

Reuters Business
May 22, 2020

Large employers push back on U.S. healthcare mergers during coronavirus crisis
A group representing some of the largest U.S. employers has asked Congress for a year-long ban on mergers and acquisitions among hospitals and doctors groups that received government money to cope with the effects of the COVID-19 pandemic.

Reuters Business
May 22, 2020

U.S. grants tentative OK for 15 air carriers to suspend service to 75 airports
The U.S. Transportation Department said late on Friday it had granted tentative approval to 15 airlines to temporarily halt service to 75 U.S. airports because of the coronavirus pandemic.

Reuters Business
May 22, 2020

Dozens of Chinese companies added to U.S. blacklist in latest Beijing rebuke
The United States said on Friday it would add 33 Chinese firms and institutions to an economic blacklist for helping Beijing spy on its minority Uighur population or because of ties to weapons of mass destruction and China's military.

Reuters Business
May 22, 2020

U.S. charges ousted Hollywood executive with defrauding pandemic loan program, BlackRock fund
U.S. prosecutors have charged the recently ousted owner of a Hollywood movie distributor with defrauding a federal coronavirus emergency relief program and a BlackRock Inc investment fund, including to pay for a Beverly Hills mansion and other luxuries.

Reuters Business
May 22, 2020

Uber customer claims company won price-fixing suit because arbitrator was scared
An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber's favor because he was scared.

Reuters Business
May 22, 2020

United Airlines CEO Kirby's annual base salary lower than predecessor
United Airlines Holdings Inc said on Friday it would pay Chief Executive Officer Scott Kirby an annual base salary of $1 million, lower than what prior head Oscar Munoz received.

Reuters Business
May 22, 2020

Hertz preparing to file for bankruptcy as soon as Friday night: WSJ
Car rental firm Hertz Global Holdings Inc is preparing to file for bankruptcy as soon as Friday night after failing to reach a standstill agreement with its top lenders, the Wall Street Journal reported https://on.wsj.com/2A4ONKs, citing people familiar with the matter.

Reuters Business
May 22, 2020

U.S. agencies ask FCC to rescind Ligado spectrum decision
A group of U.S. agencies on Friday asked the Federal Communications Commission (FCC) to reconsider its unanimous April 22 decision to allow Ligado Networks [MOSAV.UL] to deploy a low-power nationwide mobile broadband network, saying it could pose a threat to global positioning systems (GPS).

Reuters Business
May 22, 2020

Business groups push Trump to keep skilled-worker visas amid pandemic
A range of business groups have made an 11th-hour appeal to U.S. President Donald Trump as he weighs whether to restrict temporary work visas, warning of negative economic consequences if he blocks the flow of skilled foreign workers into the United States.

Reuters Business
May 22, 2020

Automaker trade backs U.S. on effort to weaken fuel efficiency rules
A group representing many major automakers on Friday backed the Trump administration's decision to weaken Obama administration fuel efficiency standards but said it opposed further reductions in requirements.

Reuters Business
May 22, 2020

Wall Street ends mixed as China-U.S. tensions weigh
Wall Street ended mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus.

Reuters Business
May 22, 2020

Delta to provide care kit containing masks to passengers
Delta Air Lines Inc said https://news.delta.com/complimentary-care-kits-provide-delta-customers-travel-safety-essentials on Friday a care kit containing a disposable face mask and a Purell hand sanitizer gel will be available on request at ticket counters and gates by June 5.

Reuters Business
May 22, 2020

Hong Kong tensions rattle world stock markets, oil tumbles
Oil prices tumbled and global equity markets fell on Friday as China's move to impose a new security law on Hong Kong further strained U.S.-China relations and clouded economic recovery prospects.

Reuters Business
May 22, 2020

U.S. adding 33 Chinese companies, institutions to economic blacklist
The U.S. Commerce Department said on Friday it was adding 33 Chinese companies and other institutions to an economic blacklist for human rights violations and to address U.S. national security concerns involving weapons of mass destruction and other military activities.

Reuters Business
May 22, 2020

Oil falls on China-U.S. tensions, energy demand doubts
Oil prices tumbled about 2% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.

Reuters Business
May 22, 2020

All 50 U.S. states shed jobs in April: Labor Department
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the country, the Labor Department said on Friday.

Reuters Business
May 22, 2020

Italy Economy Minister confident government, Fiat can complete state-backed loan
Italy's Economy Minister Roberto Gualtieri said on Friday he was confident the government and Fiat Chrysler would be able to complete a deal over a state-backed loan for the carmaker.

Reuters Business
May 22, 2020

Explainer: How ending Hong Kong's 'special status' could affect U.S. companies
New Chinese national security restrictions imposed on Hong Kong could draw a U.S. revocation of the former British colony's "special status" under U.S. law, a move that would have far-reaching trade and investment implications.

Reuters Business
May 22, 2020

Wall Street mixed as China-U.S. tensions weigh
Wall Street was mixed on Friday in a mostly tame finish to a week of strong gains, as investors gauged China-U.S. tensions and amid ongoing uncertainty about the pace of economic recovery from the coronavirus.

Reuters Business
May 22, 2020

Automaker trade opposes effort to freeze U.S. fuel efficiency standards
A group representing many major automakers on Friday said it was intervening in a lawsuit that says the Trump administration did not go far enough in weakening -- but not freezing -- Obama administration standards to revise fuel economy standards.

Reuters Business
May 22, 2020

Organizers cancel 2020 New York auto show
Organizers said Friday they were cancelling the 2020 New York auto show that had previously been pushed back until August, citing the ongoing coronavirus pandemic and the venue's use as a field hospital.

Reuters Business
May 22, 2020

Oil drops 3% on China-U.S. tensions, energy demand doubts
Oil prices tumbled about 3% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.

Reuters Business
May 22, 2020

Hedge funds increased exposure to growth favorites in first quarter: Goldman
Hedge funds concentrated their portfolios even further into growth stocks including Amazon.com Inc and Microsoft Corp in the first quarter of 2020 as the COVID-19 pandemic pummeled U.S. markets, Goldman Sachs analysts said in a report.

Reuters Business
May 22, 2020

No U.S. state avoided job losses in April: Labor Department
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the United States, the Labor Department said on Friday.

Reuters Business
May 22, 2020

Wall Street dips as U.S.-China tensions add to economic woes
U.S. stock indexes dropped on Friday as Sino-U.S. tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus.

Reuters Business
May 22, 2020

Oil drops 4% on China-U.S. tensions, energy demand doubts
Oil prices tumbled about 4% on Friday on rising U.S.-China tensions and doubts about how quickly fuel demand would recover from the coronavirus crisis.

Reuters Business
May 22, 2020

Hong Kong tensions unnerve world stock markets, oil tumbles
Global equity markets edged lower on Friday as Beijing moved to impose a new security law on Hong Kong after last year's pro-democracy unrest, further straining U.S.-China ties that cast a pall over recovery prospects and sent oil prices tumbling.

Reuters Business
May 22, 2020

GM delays resumption of second shift at 3 North American truck plants -source
General Motors Co is delaying the resumption of second shifts at truck assembly plants in Michigan, Indiana and Mexico because of a lack of parts from Mexico, a person briefed on the matter said.

Reuters Business
May 22, 2020

Wall Street dips on U.S.-China tensions, economic woes
U.S. stock indexes moved in a flat-to-low range on Friday as simmering Sino-U.S. tensions weighed on markets struggling to gauge the pace of economic recovery from the coronavirus.

Reuters Business
May 22, 2020

Unemployment rose in all 50 U.S. states in April: Labor Department's BLS
Unemployment rates rose and total employment fell in all 50 U.S. states and the District of Columbia in April as efforts to contain the coronavirus pandemic forced businesses to close across the United States, the Labor Department said on Friday.

Reuters Business
May 22, 2020

Exclusive: BP's Looney halves top management roles in energy transition plan
BP is more than halving the size of its senior management team as part of Chief Executive Bernard Looney's drive to make the 111-year-old oil company more nimble as it prepares for the shift to low-carbon energy.

Reuters Business
May 22, 2020

Deere signals recovery as U.S. farmers to benefit from relief program
Deere & Co on Friday topped quarterly sales and profit estimates and forecast a smaller-than-expected fall in farm equipment sales for the year, signaling a recovery in demand for its harvesters and tractors.

Reuters Business
May 22, 2020

Take Five: Coronavirus vaccine race is on
U.S. President Donald Trump has put his faith in anti-malarial drug hydroxychloroquine to ward off COVID-19, but governments and investors are focusing on a vaccine. Without one, it's unlikely economic activity can resume fully.

Reuters Business
May 22, 2020

Kohl's exits Jennifer Lopez, other women's brands as losses mount
Kohl's Corp said the coronavirus crisis would have a material impact on results this year as it removed eight brands including Jennifer Lopez, Juicy Couture and Popsugar from its stores and warned demand for women's apparel would remain weak.

Reuters Business
May 22, 2020

Oil drops over 4% on China-U.S. tensions, demand doubts
Oil fell over 4% on Friday to below $35 a barrel on rising U.S.-China tensions and doubts about the pace of demand recovery from the coronavirus crisis, although it remained on course for a weekly gain.

Reuters Business
May 22, 2020

Alibaba's sales surge as people shop online during lockdown
Alibaba Group Holding Ltd on Friday reported forecast-beating fourth-quarter revenues and profits, as more people shopped online for essentials because of the coronavirus lockdowns.

Reuters Business
May 22, 2020

NetEase and JD.com set dates for $5 billion Hong Kong listings
Chinese technology company NetEase plans to carry out a secondary listing on the Hong Kong Stock Exchange on June 11, which will be followed one week later by web retailer JD.com , four sources with direct knowledge of the matter said.

Reuters Business
May 22, 2020

Lufthansa bailout talks hit snag, drag on - Handelsblatt
Talks over a 9-billion euro German government bailout of Lufthansa have hit a snag and will continue over the weekend, a German newspaper reported on Friday.

Reuters Business
May 22, 2020

Angola's oil exploration evaporates as COVID-19 overshadows historic reforms
The coronavirus pandemic has done in a handful of months what even a 27-year civil war did not: it has brought oil drilling to a halt in Angola, Africa's second-largest oil producer.

Reuters Business
May 22, 2020

EasyJet founder loses bid to oust management in strategy showdown
EasyJet founder Stelios Haji-Ioannou failed in his attempt to oust the airline's top three bosses on Friday, giving it a brief respite in its battle for survival during the coronavirus pandemic.

Reuters Business
May 22, 2020

Alibaba revenue, profit beat as online sales surge during lockdown
China's Alibaba Group Holding Ltd on Friday reported fourth-quarter revenue and profit that topped market expectations, as the COVID-19 lockdowns drove more people to shop online for essentials.

Reuters Business
May 22, 2020

Oil drops 5% on China-U.S. tensions, demand doubts
Oil fell 5% on Friday to around $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis.

Reuters Business
May 22, 2020

Deere sees sharp fall in annual profit as lockdowns sap demand
Deere & Co on Friday forecast a sharp fall in full-year profit as farmers and ranchers struggle to bring their goods to market because of coronavirus-led restrictions, crushing demand for equipment like harvestors and tractors.

Reuters Business
May 22, 2020

EasyJet shareholders reject founder's proposals to oust key management
EasyJet on Friday said all four resolutions put forth by its founder Stelios Haji-Ioannou to oust key management were rejected by its shareholders, with nearly 60% of votes cast against his proposals at a general meeting.

Reuters Business
May 22, 2020

Wall Street Week Ahead: Investors look beyond drug makers as hunt for Covid-19 treatment heats up
Investors are diversifying bets in the healthcare sector, as the rush to develop treatments for Covid-19 has driven up prices for some pharmaceutical stocks.

Reuters Business
May 22, 2020

With remote work plan, Facebook dashes hopes of paycheck arbitrage
With Facebook's adoption of permanent remote work on Thursday, Chief Executive Mark Zuckerberg has untethered one of Silicon Valley's biggest companies from the place that incubated it.

Reuters Business
May 22, 2020

Deere profit tops as demand slump not as bad as feared
Deere & Co topped quarterly estimates for profit on Friday as demand for farm equipment fell less than feared and the company kept a tight lid on costs.

Reuters Business
May 22, 2020

France warns Renault could disappear; Nissan plans job cuts
Europe's car industry was put on alert for more job losses on Friday as a French minister warned Renault could disappear if it didn't get help soon and a Japanese news report said partner Nissan was considering 20,000 layoffs, with many in Europe.

Reuters Business
May 22, 2020

Futures retreat as Sino-U.S. tensions simmer
U.S. stock index futures retreated on Friday as growing tensions between Washington and Beijing added to fears of a slower recovery from a coronavirus-led recession.

Reuters Business
May 22, 2020

Hong Kong tensions unnerve world stocks, oil tumbles
World stocks took a hit and the Chinese yuan weakened on Friday as Beijing moved to impose a new security law on Hong Kong after last year's pro-democracy unrest, further straining fast-deteriorating U.S.-China ties.

Reuters Business
May 22, 2020

Cabin crew union demands Lufthansa bailout safeguards jobs
Germany's airline cabin crew union called on Friday for Berlin to include measures to safeguard jobs in the bailout package which is being finalised for airline Lufthansa .

Reuters Business
May 22, 2020

U.S. shale bust slams rural economies as oil checks shrivel
Royalties from oil pumped on Paul Ruckman's land allowed the South Texas retiree to build a six-bedroom, seven-bathroom vacation home. He had plenty left over, and donated some of it to Helena, Texas, an 1800s ghost town that draws hundreds to historic buildings and gunfight re-enactments.

Reuters Business
May 22, 2020

EasyJet founder fails to oust management, proxy votes show
EasyJet said founder Stelios Haji-Ioannou had failed in his attempt to oust key management including the CEO, according to the initial results of a shareholder vote brought over the airline's plan to buy new planes.

Reuters Business
May 22, 2020

China's Geely to explore deeper cooperation with Daimler: chairman
China's Geely will explore the possibility of deeper cooperation with German luxury automaker Daimler AG , its Chairman Li Shufu said on Friday.

Reuters Business
May 22, 2020

Ryanair's Lauda airline to close Vienna base, 300 jobs to go
Ryanair's Austrian airline Lauda on Friday said it would shut down its main Vienna base on May 29 with the loss of more than 300 jobs in Austria after it did not manage to agree new labour contracts with the union.

Reuters Business
May 22, 2020

Amazon to hire 50,000 temp workers in India as lockdown boosts demand
Amazon.com Inc's India unit said it would hire 50,000 temporary workers to meet a surge in online shopping in the country, where customers have been stuck indoors for two months in a lockdown to fight the coronavirus outbreak.

Reuters Business
May 22, 2020

Tensions over Hong Kong unnerve world stocks, oil tumbles
World stocks took a hit on Friday as China moved to impose a new security law on Hong Kong after last year's pro-democracy unrest, further straining fast-deteriorating U.S.-China ties.

Reuters Business
May 22, 2020

Oil drops over 5% on China-U.S. tensions, demand doubts
Oil fell over 5% on Friday towards $34 a barrel as tensions rose between the United States and China, and doubts grew about the pace of demand recovery from the coronavirus crisis.

Reuters Business
May 22, 2020

Renault could disappear and must adapt: French finance minister
Renault could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, France's Finance Minister Bruno Le Maire said on Friday, while adding the carmaker also needed to adapt to the situation.

Reuters Business
May 22, 2020

Banks pursue Luckin Coffee chairman's assets after loan default
The banks that lent $518 million to Luckin Coffee Chairman Charles Zhengyao Lu have started court proceedings to liquidate his private company, a government gazette for the British Virgin Islands showed.

Reuters Business
May 22, 2020

Renault could disappear and needs to be able to adapt: Le Maire
France's Finance Minister Bruno Le Maire said on Friday that Renault could disappear if it does not get help very soon to cope with the fallout from the coronavirus crisis, while adding that Renault also needed to adapt to the situation.

Reuters Business
May 22, 2020

China's biggest automaker expects domestic car sales to pick up in second quarter
China's biggest automaker SAIC Motor expects the nation's auto sales to post year-on-year growth in the second quarter due to recovering demand and supportive policies, its chairman said on Friday.

Reuters Business
May 22, 2020

Nissan considering 20,000 job cuts, mainly in Europe, developing nations: Kyodo
Nissan Motor Co is considering cutting 20,000 jobs from its global workforce, focusing on Europe and developing countries, Kyodo news reported on Friday, as the Japanese automaker struggles to recover from plunging car sales.

Reuters Business
May 22, 2020

Global stocks skid as Hong Kong returns as Sino-U.S. flashpoint
Global shares tumbled on Friday as Hong Kong's political unrest returned as a flashpoint in fast-deteriorating U.S.-China relations, following Beijing's moves to impose a new security law on the city.

Reuters Business
May 22, 2020

Vodafone names Heineken's Van Boxmeer as new chairman
Vodafone , the world's second-biggest mobile operator, has recruited Jean-Francois Van Boxmeer, the current CEO of brewer Heineken , to succeed Gerard Kleisterlee as chairman from November this year.

Reuters Business
May 22, 2020

Roche buys U.S. gene sequencing tech company Stratos Genomics
Pharmaceutical group Roche has acquired U.S.-based Stratos Genomics to further develop DNA-based sequencing for diagnostic use, it said on Friday.

Reuters Business
May 22, 2020

Why bond investors are willing to bet on money-losing Pemex after oil price crash
Mexico's state-owned oil company Petroleos Mexicanos has seen investor sentiment improve in recent weeks despite sky-high debts, a slump in demand and no clear direction about how the government will turn the money-losing driller around.

Reuters Business
May 22, 2020

Rudderless after a rally, stock markets look for next catalyst
Global equity markets have shuffled up about 1% this month despite the world starting to re-open after the coronavirus-driven lockdowns and U.S. and European economic data showing glimmers of a recovery.

Reuters Business
May 22, 2020

Oil falls as China omits 2020 growth target amid pandemic
Oil prices fell on Friday after China failed to set an economic growth target for 2020, sparking concerns that the fallout from the coronavirus pandemic will cap fuel demand in the world's second-largest oil user.

Reuters Business
May 22, 2020

Australia's Wesfarmers to shut or rebrand over 100 Target stores in virus slump
Australian retail giant Wesfarmers Ltd said it will close or rebrand nearly two-thirds of its Target department stores and take one-off charges totalling up to A$650 million ($426 million) as it reels from the coronavirus fallout.

Reuters Business
May 21, 2020

GM gradually restarts in Mexico as Lear Corp readies for return
General Motors Co said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp also geared up for production.

Reuters Business
May 21, 2020

Hong Kong leads Asian shares lower as Beijing readies new security law
Hong Kong shares tumbled on Friday after Beijing moved to impose a new security law on the city after last year's pro-democracy unrest, risking fresh protests and further straining fast-deteriorating U.S.-China ties.

Reuters Business
May 21, 2020

Proxy adviser ISS recommends vote 'against' executive pay at Alphabet
Institutional Shareholder Services (ISS) has recommended shareholders of Google-parent Alphabet Inc to vote "against" the company's proposed executive pay at its annual meet in June, according to a report seen by Reuters on Thursday.

Reuters Business
May 21, 2020

Oil prices, gasoline demand climb as countries ease coronavirus curbs
Oil prices were on the rise on Friday, heading for a fourth straight week of gains, amid more evidence that fuel demand is recovering as countries ease business and social restrictions that were imposed to counter the coronavirus pandemic.

Reuters Business
May 21, 2020

GM kicks off restart in Mexico as Lear Corp readies for return
General Motors Co said on Thursday it was gradually restarting the transmission and motor lines at its Mexican facilities in Silao and Ramos Arizpe, while U.S. auto parts maker Lear Corp also geared up for production.

Reuters Business
May 21, 2020

SoftBank Group's sale of 5% telco unit stake to raise $2.9 billion
SoftBank Group Corp said on Friday its planned sale of 5% in its domestic telco SoftBank Corp would fetch 310.2 billion yen ($2.9 billion), as part of a programme to raise $41 billion through asset sales.

Reuters Business
May 21, 2020

Asia shares set to fall as Sino-U.S. strains hit confidence
Asian shares were set for another retreat on Friday as U.S.-China tensions curbed investor risk appetite and caused global equity markets to stumble.

Reuters Business
May 21, 2020

GM starts to reopen plants in Mexico
General Motors Co said that it was on Thursday gradually restarting the transmissions and motors lines at its Mexican plants in Ramos Arizpe in the northern state of Coahuila and in the central city of Silao.

Reuters Business
May 21, 2020

EasyJet board looks set to win latest battle with Stelios
EasyJet's board looks poised to win a shareholder vote on Friday and deal a blow to its founder and long-term critic over the British low-cost airline's plan to stick with a $5.5 billion plane order.

Reuters Business
May 21, 2020

Hewlett Packard Enterprise lays out $1 billion savings plan, pay cuts
Hewlett Packard Enterprise on Thursday unveiled a plan targeting gross savings of at least $1 billion by 2022 and cut the base salaries of top executives by 25% as the software maker seeks to weather the coronavirus crisis.

Reuters Business
May 21, 2020

Trump visits Ford plant in politically crucial Michigan, leaves mask off for cameras
President Donald Trump traveled on Thursday to the crucial U.S. election battleground state of Michigan to visit a Ford Motor Co plant amid tensions with its Democratic governor during the coronavirus pandemic, opting not to wear a protective face mask for the cameras.

Reuters Business
May 21, 2020

U.S. strikes at a Huawei prize: chip juggernaut HiSilicon
The latest U.S. government action against China's Huawei takes direct aim the company's HiSilicon chip division--a business that in a few short years has become central to China's ambitions in semiconductor technology but will now lose access to tools that are central to its success.

Reuters Business
May 21, 2020

Lear Corp asks some Mexico workers to restart activity on Friday
U.S. auto parts maker Lear Corp has asked some workers in Mexico to restart activity on Friday, including training sessions on safety, the company said in a message to employees.

Reuters Business
May 21, 2020

GM restarting Silao, Mexico eight-speed transmission line
General Motors Co on Thursday was restarting the eight-speed transmission line at its plant in Silao in Mexico's Guanajuato state, according to a company message sent to workers.

Reuters Business
May 21, 2020

Judgment on key aspect of Huawei CFO's extradition trial in Canada due next Wednesday
A decision on a key legal aspect of the trial over whether Huawei Technologies Chief Financial Officer Meng Wanzhou can be extradited to the United States from Canada will be announced next Wednesday, the British Columbia Supreme Court said on Thursday.

Reuters Business
May 21, 2020

U.S. meat inventories tightened as virus shut slaughterhouses: USDA
U.S. frozen pork inventories fell in April, when they typically rise, and beef inventories dropped more than normal as the coronavirus pandemic shut slaughterhouses and prompted grocers to limit customers' buying, government data showed on Thursday.

Reuters Business
May 21, 2020

Nvidia forecasts sales above estimates, powered by data center results
Nvidia Corp on Thursday forecast second-quarter revenue above analysts' estimates, as demand surges for its chips used in the data centers that power the shift to working remotely because of the new coronavirus outbreak.

Reuters Business
May 21, 2020

Top safety official at Waymo self-driving unit stepping down
Alphabet Inc's Waymo self-driving unit said on Thursday that its chief safety officer, Debbie Hersman, was stepping down but would remain as a consultant to the company.

Reuters Business
May 21, 2020

Facebook's Zuckerberg embraces remote work beyond Silicon Valley
Facebook Inc will permanently embrace remote work even after coronavirus lockdowns ease, Chief Executive Mark Zuckerberg said on Thursday, accelerating the tech sector's geographic diversification away from its home in Silicon Valley.

Reuters Business
May 21, 2020

'I've not yet signed Renault loan', says French finance minister
France's Finance Minister Bruno Le Maire said he has not signed off on a 5 billion euro ($5.47 billion) state-guaranteed loan to help Renault cope with the fallout from the coronavirus, and that discussions continued.

Reuters Business
May 21, 2020

Wall Street finishes down as U.S.-China tensions heighten trade deal worries
Wall Street ended lower on Thursday, a day after hitting two-month highs, on a fresh wave of China-U.S. tensions that raised doubts about the trade deal reached early this year between the world's two largest economies.

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