SEOUL/WASHINGTON (Reuters) – South Korea’s LG Chem (051910.KS) said on Thursday it would invest $916 million in its U.S. subsidiary by 2023 to set up an electric vehicle battery joint venture with General Motors (GM.N). FILE PHOTO: The GM logo is seen at the General Motors Lansing Grand River Assembly Plant in Lansing, Michigan October
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(Reuters) – Exercise bike and treadmill maker Peloton Interactive Inc’s (PTON.O) latest Christmas advertisement has been widely criticized on social media as being “sexist” and “dystopian”. An actor is pictured in this screengrab from “The Gift That Gives Back” exercise bike commercial by Peloton obtained December 4, 2019. Peloton via REUTERS The advertisement, called “The
FILE PHOTO: Google CEO Sundar Pichai speaks during signing ceremony committing Google to help expand information technology education at El Centro College in Dallas, Texas, U.S. October 3, 2019. REUTERS/Brandon Wade SAN FRANCISCO (Reuters) – Google Chief Executive Sundar Pichai will replace Larry Page as CEO of parent Alphabet Inc (GOOGL.O), the company said in
NEW YORK (Reuters) – U.S. stocks sold off for a third consecutive session on Tuesday after comments from President Donald Trump and Commerce Secretary Wilbur Ross threw cold water on hopes of a possible near-term respite from the market-bruising U.S.-China trade war. The blue-chip Dow had its worst day since Oct. 8, and all three
LONDON (Reuters) – European shares opened higher on Tuesday, attempting to claw their way back from three days of falls though the mood remained gloomy after U.S. President Donald Trump showed he was ready to open new trade war fronts despite signs of economic damage. FILE PHOTO: The German share price index DAX graph is
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SAO PAULO (Reuters) – Brazilian cosmetics maker Natura & Co (NATU3.SA) is pressing government officials, the private sector and local communities to bolster environmental protections in the Amazon after fires this year disrupted its supply chain, its chief executive told Reuters. Natura’s Chief Executive Officer, Joao Paulo Ferreira, attends an interview with Reuters at Natura’s
TOKYO (Reuters) – Oil prices rose more than 1% on Monday as signs of rising manufacturing activity in China pointed to increasing fuel demand, and hints that OPEC may deepen output cuts at its meeting this week indicated supply may tighten next year. FILE PHOTO: Oil pump jacks at sunset near Midland, Texas, U.S., August
FILE PHOTO: British entrepreneur Mike Lynch leaves the High Court in London, Britain March 25, 2019. REUTERS/Henry Nicholls LONDON (Reuters) – The United States has formally requested the extradition of Michael Lynch, the British tech billionaire who sold his company to Hewlett Packard (HPE.N) (HP) in an ill-fated $11.1 billion deal, to face charges including
A flagstore shop of electric carmaker Tesla is pictured in Berlin, Germany, November 13, 2019. REUTERS/Fabrizio Bensch FRANKFURT (Reuters) – Tesla’s (TSLA.O) announcement earlier this month that it will build its first European factory near Berlin will draw further companies from the electric mobility and energy storage sectors into Germany, a state premier told newspaper
DETROIT (Reuters) – Fiat Chrysler Automobiles NV (FCHA.MI) and the United Auto Workers (UAW) union on Saturday announced a tentative agreement for a four-year labor contract, a boost for the automaker as it works to merge with France’s Groupe PSA (PEUP.PA). FILE PHOTO: Mike Manley, CEO of Fiat Chrysler Automobiles (FCA), and FCA Chairman John
NEW YORK/WASHINGTON (Reuters) – The frenzy associated with Black Friday shopping was missing this year as U.S. retailers offered earlier discounts and more consumers shopped online, though spot checks around the country showed traffic picked up after a sluggish morning. “It’s slow now because we had a big, big rush last night,” said Target electronics
LONDON (Reuters) – World shares slipped on Friday as a leading index strained for a record high, with investor nerves from Asia to Europe gnawing away over how or when the United States and China can agree a truce in their damaging trade war. FILE PHOTO: The London Stock Exchange Group offices are seen in
LONDON (Reuters) – Oil prices ended mixed on Thursday, with U.S. prices rebounding modestly from concerns that arose from U.S. President Donald Trump signing into law a bill backing protesters in Hong Kong, fuelling tensions with China. FILE PHOTO: Oil pump jacks at sunset near Midland, Texas, U.S., August 21, 2019. REUTERS/Jessica Lutz/File Photo Brent
FILE PHOTO: The logo of Amazon is seen at the company logistics centre in Boves, France, August 8, 2018. REUTERS/Pascal Rossignol/File Photo BRUSSELS (Reuters) – Amazon does not breach trade mark rights when it stocks and transports goods for third-party sellers, an adviser to Europe’s top court said on Thursday, siding with the U.S. online
FILE PHOTO: A pedestrian looks at his phone as he walks past a logo for Australia’s Westpac Banking Corp located outside a branch in central Sydney, Australia, November 5, 2018. REUTERS/David Gray/File Photo (Reuters) – Australian lender Westpac Banking Corp (WBC.AX) said on Thursday it would let investors withdraw their share purchase applications filed prior