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  • China's import expo logs $57.8 billion of deals: China Daily

    November 10, 2018 11:35 AM 97

    SHANGHAI (Reuters) - Around $57.83 billion worth of deals were agreed for the year ahead at the China International Import Expo (CIIE), the official China Daily said on Saturday. The Nov. 5-10 CIIE, which brings thousands of foreign companies together with Chinese buyers in a bid to demonstrate the importing potential of the world’s second-biggest economy

  • EU Commission seeks input on Disney pledges in pay-TV inquiry

    November 9, 2018 8:36 AM 92

    BRUSSELS (Reuters) - The European Commission said on Friday it was seeking reaction on commitments offered by Walt Disney (DIS.N) in a pay-TV investigation aimed at making shows available across the EU. The Commission, the EU’s anti-trust watchdog, is worried about contractual clauses in some deals between six film studios, including Disney and pay-TV

  • Virgin Atlantic could face pilots' strike over benefits

    November 8, 2018 8:41 PM 88

    LONDON (Reuters) - Britain’s Virgin Atlantic could face industrial action from some of its pilots after a union representing over half of them said it is preparing to ballot members over strike action. The airline, whose main business is UK-to-U.S. flights and which is owned by Richard Branson’s Virgin Group and U.S. airline Delta, has refused to negotiate

  • Wells Fargo to combine private bank with ultra-rich client business

    November 8, 2018 6:51 PM 79

    (Reuters) - Wells Fargo & Co (WFC.N) said on Thursday it is restructuring its wealth and investment management business to combine its two high-net worth operations, the private bank and Abbot Downing, under a new unit leader who it has not yet named. As part of the plans, the bank will also create a new unit under wealth management for its direct-to-client

  • VW, Daimler willing to pay for diesel retrofits, BMW not: German minister

    November 8, 2018 3:12 PM 89

    BERLIN (Reuters) - German Transport Minister Andreas Scheuer said on Thursday that Volkswagen and Daimler were prepared to offer hardware retrofits for older diesel vehicles at their own cost but BMW was refusing to do so. Scheuer also said VW, Daimler and BMW wanted to press ahead with trade-in incentives. He added that German carmakers were also prepared

  • VW denies report it has offered to fully cover costs of diesel hardware retrofits

    November 8, 2018 10:56 AM 74

    BERLIN (Reuters) - A spokesman for Volkswagen (VOWG_p.DE) on Thursday denied a media report that said the carmaker was prepared to fully cover the costs of diesel hardware retrofits, which would come in at 3,000 euros ($3,426.30) per vehicle. The spokesman said the report on manager magazin’s website was false, adding that Volkswagen had not made such an offer

  • Mazda to recall 640,000 vehicles globally over diesel engine issue

    November 8, 2018 6:30 AM 91

    TOKYO (Reuters) - Mazda Motor Corp (7261.T) on Thursday said it planned to recall around 640,000 vehicles globally to fix issues including a problem with the valve springs used in its diesel engines. The Japanese automaker said it would recall around 230,000 vehicles at home and a total of around 410,000 units in overseas markets, excluding the United

  • Starbucks partners with UberEats in Japan

    November 8, 2018 4:42 AM 113

    (Reuters) - Starbucks Corp (SBUX.O) said on Wednesday it was partnering with UberEats to deliver coffee and food in Tokyo starting Friday, as the world’s largest coffee chain looks to boost sales in Japan, one of its major Asia-Pacific markets. Starbucks has been facing intense competition in the United States and China, its two largest markets, and has been exploring

  • Google plans to expand office space in New York City: WSJ

    November 8, 2018 2:38 AM 103

    (Reuters) - Alphabet Inc’s (GOOGL.O) Google is nearing a deal to buy or lease an office building in New York City that could add space for more than 12,000 new workers, The Wall Street Journal reported on Wednesday, citing sources. Google’s deal to buy or lease 1.3 million-square-foot office building at St. John’s Terminal could house nearly double the search

  • Italy's antitrust opens probe into Ryanair's, Wizz Air's hand luggage policies

    November 7, 2018 6:58 PM 90

    ROME (Reuters) - Italy’s antitrust said on Wednesday it was opening a probe against Ryanair (RYA.I) and Wizz Air over their new hand luggage policies. The regulator last week requested for the two low cost airlines to suspend a new policy according to which only very small bags would be let on board for free, charging passengers for trolleys. The investigations