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Reuters: Business News

Alibaba CEO rules out layoffs this year
Alibaba Group Holding Ltd expects to avoid layoffs this year despite China's economic slowdown, CEO Daniel Zhang said on Friday.


POSTED FEBRUARY 22, 2019 12:07 AM
Tesla starts Model 3 delivery in China earlier than expected
Tesla Inc has started delivering Model 3 cars in China slightly ahead of schedule, as the U.S. luxury electric vehicle maker looks to revive sales in the world's biggest auto market.


POSTED FEBRUARY 22, 2019 12:05 AM
Apple teams with Ant Financial, banks for interest-free iPhone financing in China
Apple Inc has teamed up with Chinese payments giant Ant Financial Services Group and several local banks to offer interest-free financing, its first such move in the country as it looks to boost waning smartphone sales.


POSTED FEBRUARY 21, 2019 11:27 PM
Asia shares fall as weakening global outlook offsets trade progress
Shares in Asia slipped on Friday as a deteriorating global economic outlook outweighed further signs of progress in trade talks between China and the United States.


POSTED FEBRUARY 21, 2019 11:05 PM
EU debates how and when to start trade talks with Trump
European ministers will begin debating on Friday how and when to start trade negotiations with the United States, aware that U.S. President Donald Trump may impose punitive tariffs on EU car imports if the bloc waits too long.


POSTED FEBRUARY 21, 2019 11:02 PM
Consumer Reports yanks recommendation for Tesla's Model 3, citing reliability
Consumer Reports on Thursday pulled a recommendation for Tesla Inc's Model 3, citing reliability problems, and the influential U.S. magazine turned up the pressure on other automakers to include crash-avoiding automatic braking as standard equipment.


POSTED FEBRUARY 21, 2019 11:01 PM
Nike stumbles into social media storm after basketball star's shoe splits
A Nike Inc sneaker worn by a college basketball superstar split in half less than a minute into a highly anticipated game between Duke University and North Carolina, prompting an outcry on social media as the company sought to figure out what caused the problem.


POSTED FEBRUARY 21, 2019 10:58 PM
Oil prices fall as U.S. crude output hits record 12 million bpd
Oil prices fell on Friday after the United States reported its crude output hit a record 12 million barrels per day (bpd), undermining efforts by Middle East-dominated producer club OPEC to withhold supply and tighten global markets.


POSTED FEBRUARY 21, 2019 10:41 PM
Kraft Heinz forecasts gloomy 2019, writes down value of iconic brands
Shares of Kraft Heinz Co slumped 20 percent on Thursday after the food company posted a quarterly loss, disclosed an SEC investigation and wrote down the value of its Kraft and Oscar Mayer brands as it highlighted the tough environment for the packaged food industry.


POSTED FEBRUARY 21, 2019 9:55 PM
Ford probing possible problems with fuel economy, emissions tests
Ford Motor Co said on Thursday it has hired outside experts to investigate its vehicle fuel economy and testing procedures after employees raised concerns, and did not know whether it would have to correct data provided to regulators or consumers.


POSTED FEBRUARY 21, 2019 9:28 PM

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