Category: Business

U.S. weighs blocking GE engine sales for China’s new airplane: sources

The U.S. government is considering whether to stop General Electric Co from continuing to supply engines for a new Chinese passenger jet, according to people familiar with the matter, casting uncertainty over China’s efforts to enter the civil aviation market. The potential restriction on the engine sales – possibly along with limits on other components […]

Carrefour to buy 30 stores in Brazil from rival Makro

The Brazilian unit of France’s Carrefour SA (CARR.PA) has agreed to buy 30 stores from rival retailer Makro’s Brazilian subsidiary for 1.95 billion reais ($453.69 million), the French retailer said in a securities filing on Sunday. Makro will continue to operate in Brazil but with only 24 stores in the country’s richest state, Sao Paulo. […]

Regulators should allow RTL and ProSieben to merge: Rabe

Thomas Rabe’s comments – in an interview with Frankfurter Allgemeine Sonntagszeitung published on Sunday – come as European broadcasters explore ways to join forces against the onslaught from established players Netflix and Amazon Prime that are now being joined by Disney and Apple. “It is vital that sensible partnerships, and even large mergers, are allowed […]

Toyota to resume China output at three plants next week

Toyota Motor Corp (7203.T) said on Saturday it plans to resume output at three of its four main auto plants in China next week. The resumption of production had initially been slated for Feb. 3 following the Chinese Lunar New Year holidays, but was delayed because of the new coronavirus outbreak in China. Operations at […]

Factbox: Carmakers look to resume China output after virus forced closures

Automakers including Daimler, Ford and Tesla are looking to resume production in China after being forced to shut factories following the outbreak of a new coronavirus. Below are details on carmakers’ plans (in alphabetical order): – BMW’s (BMWG.DE) China venture with Brilliance (1114.HK) said on Feb. 5 the Chinese firm planned to restart production on […]

Vodafone assesses payment to India in dispute over dues

Vodafone Idea Ltd said on Saturday it was assessing how much it would pay the Indian government as part of dues owed and said it proposed making a payment in the next few days. India ordered mobile carriers on Friday to immediately pay billions of dollars in dues after the Supreme Court threatened the companies […]

Treat us like something between a telco and a newspaper, says Facebook’s Zuckerberg

Online content should be regulated with a system somewhere between the existing rules used for the telecoms and media industries, Facebook (FB.O) CEO Mark Zuckerberg told global leaders and security chiefs on Saturday. Speaking at the Munich Security Conference in Germany, Zuckerberg said Facebook had improved its work countering online election interference, and expanded on […]