Category: Business

NEW YORK – When Diane Leonard checked in to a conference the other day, the routine was familiar: Watching keynote speakers, interacting with other attendees, bumping into friends. One key difference: The grantwriter was at home in Clayton, New York, with her favorite black coffee, treadmill desk and mini goldendoodle, Ollie. Like many gatherings this […]

BERLIN – A German trade union called on workers at seven Amazon AMZN.O warehouses to go on strike on Tuesday to coincide with the global “Prime Day” promotion event that was postponed due to operational challenges from the coronavirus pandemic. Verdi said it was organising the two-day strike as part of a long-running battle with […]

HONG KONG/BEIJING – China’s securities regulator is probing a potential conflict of interest in fintech giant Ant Group’s planned $35 billion stock listing, delaying approval for what could be the world’s largest IPO, three people with direct knowledge of the matter said. The China Securities Regulatory Commission (CSRC) is looking into the role of Alipay, […]

BEIJING – German premium automaker Audi AG NSUG.DE said on Tuesday it had signed a memorandum of understanding with China’s state-owned FAW Group to launch a venture to make premium electric vehicles (EVs). Audi has a long partnership with FAW, which is based in the city of Changchun in the northeast of China, the world’s […]

Walt Disney Co said on Monday it had restructured its media and entertainment businesses to accelerate growth of Disney+ and other streaming services as consumers increasingly gravitate to digital viewing. Disney is focusing on streaming in new shake-up Under the reorganization, Disney will separate the development and production of programming from distribution to be more […]

BRUSSELS/PARIS/WASHINGTON – The European Union on Tuesday won the right to impose tariffs on $4 billion of U.S. goods in retaliation against subsidies for planemaker Boeing BA.N – deepening a record trade spat that has already prompted Washington to slap duties on EU imports. The World Trade Organization tariff award, which confirms a decision first […]

SINGAPORE – South Korea’s Hyundai Motor Co started construction on a research and development centre in Singapore on Tuesday that will house a small-scale electric vehicle production facility. Speaking at the groundbreaking ceremony, Singapore Prime Minister Lee Hsien Loong said the facility may produce up to 30,000 electric vehicles (EVs) annually by 2025 and represents […]