MONEY

Google policy head retools team for global lobbying push

Alphabet Inc’s Google is trying to plug a surge of public scrutiny around the world by overhauling how its policy office operates, with increased emphasis on having policy staffers and top company executives alike building relationships with governments, people familiar with the matter said this week

Jun 15 2019

full story »

Antigua takes control of troubled Caribbean airline LIAT

A Caribbean airline that helps bind together the region’s many island nations has been saved from going under—at least for now—by a rescue plan led by the government of Antigua and Barbuda.

Jun 15 2019

full story »

Alibaba-linked firms mixed after Hong Kong IPO report

Shares in firms linked to Chinese online retail titan Alibaba were mixed Friday, a day after rallying on a report it had filed for a Hong Kong listing that could be the city’s biggest initial public offering for almost a decade.

Jun 15 2019

full story »

US denies Tesla, GM, Uber 25 percent Chinese tariff relief

The Trump administration is expanding efforts to block the use of Chinese technology in advanced vehicles, denying additional requests by Tesla Inc for tariff relief on key components of its electric vehicles, and rejecting ride-hailing company Uber’s petition to waive tariffs on electric scooters and at least 50 separate requests by General Motors Co.

Jun 15 2019

full story »

California hotel gets $1.6 million fine for blocking beach access

A posh Northern California hotel was ordered to pay $1.6 million in penalties Thursday for failing to provide public access to its nearby beaches.

Jun 15 2019

full story »

India’s Reliance Capital rejects PwC’s observations after auditor quits

Reliance Capital said on Thursday the observations of global audit firm PwC about its fiscal accounts were “completely baseless and unjustified”, after PwC in a surprise move resigned earlier this week as the auditor of the non-banking financial company (NBFC).

Jun 15 2019

full story »

Cheaper sensors could speed more self-driving cars to market by 2022

The first heavily automated mass-market vehicles for consumers could go on sale as soon as 2022, if one or more vehicle manufacturers adopt a new sub-$500 lidar sensing package being developed by Silicon Valley startup Luminar.

REUTERS, Jun 15 2019

full story »

Huawei delays global launch of foldable phone by three months

Huawei will delay the launch of its much-touted foldable 5G Mate X smartphone by three months, the latest setback for the company that was slapped with US sanctions last month.

REUTERS, Jun 15 2019

full story »

Target expands same-day shipping

Target Corp on Thursday expanded its same-day delivery options for online shoppers, intensifying the race among retailers to deliver orders faster.

Jun 15 2019

full story »

Instagram, PlayStation hit with outages

An Instagram outage on Thursday left users of the Facebook-owned social network flocking to Twitter to vent frustration.

Jun 15 2019

full story »

Tennessee Volkswagen plant to finish unionisation vote

Workers at Volkswagen’s plant in Chattanooga, Tennessee, are finishing a vote over whether to unionise. The vote of about 1,700 hourly workers began Wednesday and concludes Friday.

Jun 15 2019

full story »

Petrobras ignored warnings about broker implicated in graft probe

Brazil’s Petrobras found suspicious activity in its oil trading business - and failed to stop it - six years before an alleged bribery scandal erupted in that unit in 2018, according to three people with knowledge of the situation and documents seen by Reuters.

REUTERS, Jun 15 2019

full story »

Uber, Lyft suggest changes but want drivers as contractors

Ride-hailing companies Uber and Lyft say they are willing to change the way they treat drivers in California as long as state lawmakers don’t require them to classify drivers as employees, a move that would entitle them to a wide range of benefits.

ASSOCIATED PRESS, Jun 15 2019

full story »

More worry for China as industrial growth disappoints

China’s economy showed further signs of weakness last month, with industrial output posting its slowest growth in 17 years, placing further pressure on the government as it tries to steady the ship while battling a trade war with the US.

AGENCE FRANCE-PRESSE, Jun 15 2019

full story »

Trump talks trade with Apple CEO Cook

US President Donald Trump met with Apple CEO Tim Cook on Thursday to discuss trade and other hot-button issues facing the tech company as Trump deliberates whether to make good on his threat to hike tariffs on imports from China.

Jun 15 2019

full story »

Over 600 US firms urge Trump to resolve China trade dispute

Walmart Inc, Target Corp and more than 600 other companies urged US President Donald Trump in a letter on Thursday to resolve the trade dispute with China, saying tariffs hurt American businesses and consumers.

REUTERS, Jun 15 2019

full story »

Fiat Chrysler signs EV charge point deals with Enel, Engie

Carmaker Fiat Chrysler (FCA) has signed an agreement with European utilities Enel and Engie to help offer its customers charging points for electric vehicles (EV) it is planning to roll out.

Jun 15 2019

full story »

Bayer to invest $5.6 billion in new weed killing methods

German chemical and pharmaceutical company Bayer says it plans to invest some 5 billion euros ($5.6 billion) over the next decade in developing “additional methods to combat weeds.

Jun 15 2019

full story »

IMF puts on hold $229 million loan to Haiti

The International Monetary Fund will reassess the measures needed to stabilise Haiti’s economy before proposing to its executive board a three-year loan of $229 million.

Jun 15 2019

full story »

Telcos howl, markets hail German 5G auction as newcomer joins fray

Germany’s pricey 5G spectrum auction drew protests from existing mobile operators but cheered investors betting the entry of a new player will revive competition and help close a connectivity gap with the United States and Japan.

REUTERS, Jun 15 2019

full story »

Total, other foreign firms seek to renew Libya licences

France’s Total and other foreign firms have started to renew their business licences with Libya’s internationally recognised government to keep operating in the country, the Tripoli-based economy minister told Reuters.

REUTERS, Jun 15 2019

full story »

EU ministers strike shaky compromise on eurozone budget

EU finance ministers agreed on the broad outlines of a eurozone budget early Friday, a key reform pushed by Paris that was scaled back amid deep resistance from the Netherlands.

AGENCE FRANCE-PRESSE, Jun 15 2019

full story »

Boost in factory jobs under Trump favours sunny frontiers over ailing hubs

In President Trump’s first two years in office, factory job growth accelerated, an achievement he has been claiming credit for ahead of the 2020 election, particularly in the industrial Midwest. His administration is “restoring American manufacturing,” Trump told workers at an Ohio factory in March.

Jim Tankersley, Jun 15 2019

full story »

IEA sees ample oil supplies and weak demand

Tepid growth in demand for oil along with ample supplies from non-OPEC countries will complicate efforts by the cartel and its allies to boost prices, the IEA said in a report Friday.

AGENCE FRANCE-PRESSE, Jun 15 2019

full story »

Internet providers say they will not hike data costs if service charge is dropped

Internet service providers are mulling to call off a proposed hike in data costs after the government decided to discontinue a 13 percent telecommunications service charge on broadband support equipment and maintenance.

PRAHLAD RIJAL, Jun 15 2019

full story »

Private sector calls for measures to prevent banks from colluding to fix interest rates

Private sector experts on Friday urged Nepal Rastra Bank to introduce measures and a stern monitoring mechanism through the Monetary Policy 2019-20 to prevent banks from colluding to fix interest rates.

RAJESH KHANAL, Jun 15 2019

full story »