PARIS/MILAN: Fiat Chrysler and Peugeot maker PSA have struck a binding deal to create the world's fourth biggest carmaker, and now face the challenge of winning over regulators and delivering on a pledge to slash costs without closing factories. Both tasks are likely to prove difficult, as two of...
Fiat Chrysler and Peugeot maker PSA on Wednesday reached a binding agreement for their roughly US$50 billion merger, as the auto industry scrambles to develop zero-emissions vehicles and tackle slowing demand.
Britain's competition regulator said there was a strong argument for tougher regulation of Google and Facebook to curb any negative consequences stemming from their domination of online advertising.
American International Group Inc on Thursday named Peter Zaffino, the executive overseeing a turnaround effort of the company's general insurance unit, as the company's president.
PARIS: Under pressure from US trade restrictions, Huawei plans to open a components plant in Europe, the telecom giant's chairman told AFP, while insisting it is not in league with Chinese intelligence. Liang Hua said in an interview that Huawei no longer needed US companies to supply it with...
U.S. retailers are expected to ring up record sales on Super Saturday this year, as fewer days than usual between Thanksgiving and Christmas have squeezed shoppers to finish their purchases.
Fruit smoothies may become the new martini for Wall Street holiday parties.
Lenovo Group's founder, Liu Chuanzhi, will retire at the year end as chairman of its parent Legend Holdings , the company said on Wednesday.
Amazon's Twitch said on Wednesday that Russia's Rambler Group had withdrawn its claim against the streaming service over alleged piracy broadcasting of English Premier League games.
U.S. Federal Reserve Governor Lael Brainard launched a broadside against Facebook's Libra digital currency project on Wednesday, saying it faces a "core set of legal and regulatory challenges" including clarity about how it would be tied to some basket of underlying assets.
