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Germany’s Siemens to cut 2,700 jobs worldwide
Jun 18, 2019
FRANKFURT AM MAIN — Industrial conglomerate Siemens said on Tuesday it would slash 2,700 jobs worldwide at its gas and power unit, including 1,400 in its home country Germany, "over several years".The division — set for an independent stock market flotation in 2020 — will "require further savings of 500 million euros" ($560 million), Siemens said i ...
Huawei phone sales plunge, cutbacks planned as US pressure bites
Jun 17, 2019
SHENZHEN, China — Huawei's founder said on Monday the Chinese telecom giant's oversea ...
Vietnam’s first homegrown car to be delivered in days
Jun 16, 2019
HANOI — Vietnam’s homegrown carmaker VinFast will deliver its first cars on June 17, ...
Oil rises again on tension fuelled by tanker blasts
Jun 15, 2019
NEW YORK — Oil prices rose again on Friday in reaction to geopolitical tension, building on the previous day’s surge sparked by blasts on tw ...
Alibaba files for HK listing that may raise $20 billion as soon as Q3 — source
Jun 14, 2019
HONG KONG — China’s biggest e-commerce company Alibaba Group Holding has filed confidentially for a Hong Kong listing that could raise up to ...
Uber picks Melbourne as test site for flying taxi service
Jun 12, 2019
SYDNEY — Uber Technologies said it will use Australia’s second-largest city, Melbourne, as the first international test site for the group’s ...
Huawei executive says goal to be world’s top phone maker some time off
Jun 11, 2019
SHANGHAI — China's Huawei Technologies Co. Ltd. ...
China exports unexpectedly returns to growth in May; imports shrink
Jun 10, 2019
BEIJING — China's exports unexpectedly returned to growth in May despite higher US tariffs, but imports fell in a further sign of weak domes ...
G-20 finance chiefs cite ‘intensified’ trade row, but stop short of calling for resolution
Jun 09, 2019
FUKUOKA, Japan — Group of 20 (G-20) finance leaders said on Sunday that trade and geopolitical tensions have “intensified”, raising risks to ...
G-20 urged to speed up digital tax
Jun 08, 2019
FUKUOKA, Japan — Top G-20 finance officials agreed on Saturday there was an urgent need to find a global system to tax Internet giants like ...
Google faces privacy complaints in European countries
Jun 04, 2019
BRUSSELS — Google's privacy woes are set to increase after campaigners on Tuesday filed complaints to data protection regulators in France, ...
Swiss franc races to 2-year highs versus euro as trade concerns rise
Jun 04, 2019
LONDON — The Swiss franc rallied to its highest levels in nearly two years against the euro on Monday as US President Donald Trump hardened ...
Emirates A380 touches down in Amman
Jun 03, 2019
AMMAN — Emirates’ first scheduled A380 services have just touched down in Amman for the summer season peak, according to a statement of the ...

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