Volkswagen said on Friday it will invest around 2 billion euros ($2.2 billion) in two Chinese companies in the electric vehicle sector, calling it "the world's biggest market".
French carmaker Renault said on Friday it was launching talks with unions to reorganise and cease assembling vehicles at several plants in France as it cuts some 15,000 jobs worldwide and tries to refocus to survive a slump in sales.
U.S. Federal Reserve officials have talked broadly about helping households and firms through the current economic crisis and quickly unleashed trillions of dollars in cash and credit guarantees to build a "bridge" to the post-pandemic world.
The administrator of Virgin Australia Holdings Ltd said it expected to shortlist two preferred bidders early next week after parties confirmed non-binding indicative proposals to acquire the airline on Friday.
Global travel disruptions are the top concern for American businesses in China, of which many are cutting compensation and bonuses amid the fallout of the COVID-19 epidemic, according to a report from a business group.
Argentina's economy minister said on Friday that a newly received debt restructuring proposal from two creditor groups was a step in the right direction, but still fell short of what the country needed to strike a deal.
The House of Representatives on Thursday dropped consideration of legislation that would have extended U.S. surveillance tools, after President Donald Trump threatened a veto and his fellow Republicans withdrew their support.
WASHINGTON: President Donald Trump signed an order on Thursday (May 28) seeking to strip social media giants like Twitter of legal immunity for content on their platforms in a move slammed by his critics as a legally dubious act of political revenge. The executive order calls on government ...
REUTERS: U.S. President Donald Trump is expected to order a review of a federal law known as Section 230, which protects internet companies like Facebook, Twitter and Alphabet's Google from being responsible for the material posted by users. WHAT IS SECTION 230? The core purpose of Section 230 is...
U.S. President Donald Trump's attempt to curb what he says is social media censorship is a political gambit and will not change the legal obligations of companies like Twitter Inc and Facebook Inc, according to legal experts.
