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Uber threatens to pull back from Barcelona

Uber on Wednesday threatened to pull back from Barcelona after the regional government unveiled new regulations which will severely restrict ride-hailing services, as taxis upped the pressure with a restive strike.

date22 hours ago in Business
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Sony to shift UK HQ to avoid Brexit disruption

Sony will shift its European headquarters from Britain to the Netherlands to avoid Brexit-related customs issues, but operations at its current UK company will remain unchanged, a company spokesman said Wednesday.

dateJan 23, 2019 in Business
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Airbus sells 65 jets to SMBC Aviation Capital

Aircraft leasing company SMBC Aviation Capital has finalised an order for 65 Airbus planes from the A320neo family with a catalogue price of $7.47 billion (6.6 billion euros), Airbus said Monday.

dateJan 21, 2019 in Business
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Google acquires Fossil smartwatch tech for $40 mn

Google agreed to pay $40 million for the smartwatch technology of the fashion and accessory group Fossil, the companies said Thursday, enabling the California tech giant to expand in the growing wearable tech market.

Oxford says no to additional Huawei funding

Oxford University has decided to forgo further funding from Chinese tech giant Huawei as scrutiny grows in Europe over the telecom company's relationship with the Beijing government.

Renault posts record sales as Ghosn successor sought

French carmaker Renault unveiled record sales Friday of nearly 3.9 million vehicles last year, even as it prepares to turn the page on the era of chief executive Carlos Ghosn who remains behind bars in Tokyo on fraud charges.

Ghosn received 8m euro in 'improper' payments: Nissan

Former Nissan boss Carlos Ghosn received nearly eight million euros in "improper payments" from a Netherlands-based joint venture, the Japanese car giant alleged Friday, threatening to sue to recover the funds.

Japan's Hitachi freezes British nuclear project

Hitachi said Thursday it would freeze construction of its stalled nuclear power station in Wales due to financing problems, a blow to Britain's nuclear strategy and a costly decision for the Japanese firm.

Philips to shut UK factory over 'geopolitical' concerns

Dutch multinational Philips announced Thursday the closure of a British factory making baby bottles, threatening 430 jobs, citing "ongoing geopolitical challenges", months after warning about the potential negative effects ...

Airbus boosts US footprint with new A220 plant in Alabama

European aircraft manufacturer Airbus on Wednesday broke ground on its second assembly line in the southern US state of Alabama, where it plans to build its small A220 jets, as it seeks to swipe market share from rival Boeing.

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