Nissan to cut 11,000 more jobs and shut seven factories.
Nissan is to close seven factories with the loss of 20,000 jobs around the world, after a tumultuous year for the Japanese carmaker.
GLOBAL ECONOMIES
US says ‘deal’ reached with China after trade talks.
Global markets reacted positively to the news, with stock markets in Hong Kong, the US and Europe rising.
US and UK agree deal slashing Trump tariffs on cars and metals.
The announcement offers relief for key UK industries from some of the new tariffs President Donald Trump has announced since his return to the White House in January.
Trump hints tariffs on China may drop as talks set to begin.
Trump made the comments during an event to unveil a tariffs deal with the UK – the first such agreement since he hit countries around the world with steep levies in April.
US and China to start talks over trade war this week.
Businesses and investors have been anxiously waiting for signs of a thaw in US-China tensions amid fears a prolonged trade war could cause serious damage to the global economy.
JetBlue to partner with another U.S. airline in the coming weeks.
Despite attempts to renew a partnership, agreement could not be reached on “a construct that preserved the benefits” of what was envisioned, American said
Amazon sellers, Shein, Temu raise prices over Trump tariffs.
Trump scrapped the exemption for goods from China and Hong Kong and slapped a 145 percent tariff on many Chinese imports.
Trainer prices will rise due to tariffs, says Adidas.
Fashion brands, and especially sports shoe producers such as Adidas, will be hit by the introduction of tariffs as the bulk of their products are made in countries including Vietnam, Indonesia and China.
Qatar, Saudi Arabia to Settle Syria’s World Bank Debt
Both Gulf states have played a key role in the diplomatic outreach to Syria’s new rulers since the ouster of longtime strongman Bashar al-Assad in December.
California Beats Japan as the Fourth Largest Economy
Governor Gavin Newsom touted new data from the International Monetary Fund (IMF) and the US Bureau of Economic Analysis showing California’s growth.