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Volkswagen’s labour chief rules out four-day week to save jobs

Volkswagen sees no need for a four-day week at its plants to secure jobs despite a growing shift to electric cars that are easier to build and require fewer workers, the company's head of labour relations was quoted saying on Sunday.

Markets

Commentary: Can China produce grape wine as fine as the French?

China produces everything from furniture to phones but can it crack the fine wine market dominated by European nations for centuries? This observer thinks it has a shot.

Markets

‘Keep calm and support Barnier’: French minister denies Brexit negotiator sidelined

France denied the European Union's Brexit negotiator Michel Barnier was about to be sidelined by EU leaders in a bid to break the deadlock in trade talks, as reported by British newspaper the Daily Telegraph.

Markets

TIM CEO says not a problem to develop 5G without Huawei

The head of Telecom Italia said on Saturday the former phone monopoly would have no trouble developing 5G infrastructure in Italy were the government to ban Chinese provider Huawei.

Markets

Bosnian Tesla fan impatient for Cybertruck release builds a lookalike

MOSTAR, Bosnia: A Bosnian fan of both Ford trucks and Elon Musk's Tesla could not just sit on his hands waiting for the electric carmaker to release its Cybertruck, expected from late 2021. Instead he came up with his own version of the futuristic vehicle. It took eight months...

Markets

Sanofi France chief: future COVID-19 vaccine seen below 10 euros

Sanofi's chief in France, Olivier Bogillot, said on Saturday that its future COVID-19 vaccine was likely to be priced below 10 euros per shot.

Markets

TikTok troubles narrow gap between Beijing and ByteDance founder Zhang Yiming

ByteDance founder Zhang Yiming has long positioned himself as a global internet entrepreneur, largely eschewing Chinese government involvement, but U.S. demands to sell his crown jewel TikTok are testing the boundaries with Beijing.

Markets

Epic Games asks court to prevent what it describes as Apple’s ‘retaliation’

Epic Games said late on Friday that it has asked a court to stop what it saw as Apple Inc's retaliation against the "Fortnite" creator after the iPhone maker terminated Epic Games' account on its App Store.

Markets

IKEA’s shopping centers arm buys San Francisco mall in its first US real estate deal

IKEA's shopping centers business has made its first U.S real estate acquisition, buying the 6X6 mall in San Francisco, after telling Reuters in May it was engaged in several negotiations for inner-city acquisitions in the United States.

Markets

Goldman Sachs joins Ant’s up to US$30b IPO banking syndicate, sources say

Goldman Sachs has joined the growing list of investment banks working on Chinese financial technology firm Ant Group's initial public offering of up to US$30 billion, as a joint lead manager on the Hong Kong leg, two people with direct knowledge of the matter said.

Markets

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